NOT LISTED FOR SALE

1620 S Michigan Ave, Unit 1205 Chicago, IL 60616

South Loop Neighborhood

Estimated Value: $464,000 - $528,567

2 Beds
2 Baths
1,606 Sq Ft
1.11 Acres

Highlights

  • Wood Flooring
  • Balcony
  • Resident Manager or Management On Site
  • South Loop Elementary School Rated 9+
  • 1 Car Attached Garage
  • 1-minute walk to Fred Anderson Park

About This Home

As of May 2024

Available for immediate occupancy! Welcome to this stunning penthouse located in the prime northeast corner of Michigan Avenue. This beautifully-appointed condo features 2 balconies with breathtaking views. Enjoy the spacious 1,606 sq ft layout, accentuated by 14 ft ceilings and ample natural light. The residence offers hardwood floors, stainless steel appliances, granite countertops, and brand-new carpeting in the bedrooms for a comfortable living experience. The master suite includes a fantastic closet with built-in shelves and a spacious master bath. Parking is available in the heated garage for an additional $250 per month. Don't miss out on this fantastic opportunity!

Last Agent to Rent the Property

Valentin Tudor

Century 21 S.G.R., Inc. License #475190207 Listed on: 04/11/2024

Century 21 S.G.R., Inc.

Last Renter's Agent

Valentin Tudor

Century 21 S.G.R., Inc. License #475190207 Listed on: 04/11/2024

Century 21 S.G.R., Inc.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,338

Year Built

  • Built in 2005

Lot Details

  • 1.11

Parking

  • 1 Car Attached Garage
  • Leased Parking
  • Heated Garage
  • Garage Door Opener

Interior Spaces

  • 1,606 Sq Ft Home
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

Schools

  • South Loop Elementary School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Property Available on 4/11/24
  • Rent includes cable TV, gas, heat, water, doorman, exterior maintenance, internet, air conditioning, wi-fi

Community Details

Overview

  • 224 Units
  • High-Rise Condominium
  • 12-Story Property

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Condo Details

Home Type

Condominium

Est. Annual Taxes

$9,338

Year Built

Built in 2005

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2024-04-11
  • Lease Amount: 250
  • Board Number: 8
  • Pets Allowed (Y/N): No
  • Type of Rental Property: Attached
  • Rental Price: 3250
  • Security Deposit: 1 MO
  • Is Parking Included in Price: No

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo,High Rise (7+ Stories)
  • Property Sub-Type: Attached
  • Year Built: 2005
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Interstate Access,Non-Smoking Unit
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 12
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 12

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit
  • LivingArea: 1606
  • Room Type: No additional rooms
  • Stories Total: 12
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Other

Exterior Features

  • ExteriorFeatures: Balcony
  • Waterfront: No
  • Exterior Building Type: Glass,Concrete

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Fee/Leased
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: No
  • Rent Includes: Cable TV, Gas, Heat, Water, Doorman, Exterior Maintenance, Internet, Air Conditioning, Wi-Fi
  • Management: Manager On-site

Schools

  • Elementary School: South Loop Elementary School

Lot Info

  • Lot Dimensions: COMMON
  • Rural (Y/N): N

Multi Family

  • Units in Building: 224

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Gadh Gagan
Current Estimated Value
$488,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,325
Outstanding Balance
$165,115
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$323,741

Purchase Details

Closed on
Apr 8, 2009
Sold by
Poslowski Piotr
Bought by
Deutsche Bank Trust Company

Purchase Details

Closed on
Mar 26, 2007
Sold by
Koniecko Tomasz and Koniecko Edyta
Bought by
Poslowski Piotr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
6.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 30, 2006
Sold by
1612 S Michigan Development Corp
Bought by
Koniecko Tomasz and Koniecko Edyta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,888
Interest Rate
6.5%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gadh Gagan $335,500 Ticor Title Insurance Co
Deutsche Bank Trust Company -- None Available
Poslowski Piotr $590,000 First American Title
Koniecko Tomasz $465,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gadh Gagan $251,325
Previous Owner Poslowski Piotr $472,000
Previous Owner Koniecko Tomasz $371,888
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2024 05/07/24 Rented $3,250 0.0% --
05/06/2024 05/06/24 Under Contract -- -- --
04/26/2024 04/26/24 Price Changed $3,250 -3.0% $2 / Sq Ft
04/11/2024 04/11/24 For Rent $3,350 +11.7% --
08/01/2017 08/01/17 Rented $3,000 +7.1% --
06/27/2017 06/27/17 For Rent $2,800 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,338 $46,305 $5,134 $41,171
2023 $9,080 $47,431 $4,131 $43,300
2022 $9,080 $47,431 $4,131 $43,300
2021 $8,894 $47,429 $4,130 $43,299
2020 $7,806 $38,144 $3,393 $34,751
2019 $7,655 $41,533 $3,393 $38,140
2018 $7,526 $41,533 $3,393 $38,140
2017 $5,440 $28,648 $2,803 $25,845
2016 $5,238 $28,648 $2,803 $25,845
2015 $4,769 $28,648 $2,803 $25,845
2014 $4,351 $26,017 $2,507 $23,510
2013 $4,254 $26,017 $2,507 $23,510
Source: Public Records

Agents Affiliated with this Home

  • V

    Landlord's Agent in 2024

    Valentin Tudor

    Century 21 S.G.R., Inc.

    2 in this area

    62 Total Sales

    Valentin Tudor
    Section Image
  • Vikas Wadhwa

    Seller's Agent in 2017

    Vikas Wadhwa

    Urban Living Properties, LLC

    (312) 878-6464

    93 Total Sales

    Vikas Wadhwa
    Section Image
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About This Building

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12026024

Midwest Real Estate Data (MRED)

APN: 17-22-301-065-1237

Illinois Cook County Chicago 60616 South Loop

1620 S Michigan Ave Unit 1205, Chicago, IL

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