$307,261 - $401,000
RENTED DEC 18, 2024

1620 S Michigan Ave, Unit 525 Chicago, IL 60616

South Loop Neighborhood
2 Beds
1 Bath
960 Sq Ft
1.11 Acres

Highlights

  • Doorman
  • Lock-and-Leave Community
  • Formal Dining Room
  • South Loop Elementary School Rated 9+
  • Wood Flooring
  • 1-minute walk to Fred Anderson Park

About This Home

As of December 2024

Welcome to city living at its finest! This 2-bedroom, 2.1 bath condo at 1620 S Michigan Ave offers modern luxury and unbeatable location in the heart of Chicago's vibrant South Loop. Step into a bright, spacious open-concept living area with floor-to-ceiling windows offering breathtaking skyline views. The sleek kitchen features high-end stainless steel appliances, granite countertops. Both bedrooms are generously sized, each with ample closet space. 2 Bedrooms, 1 Bath Stunning city views Modern kitchen with granite countertops Hardwood floors throughout In-unit washer/dryer Pet-friendly building. Apartment has hardwood floors, 10' high ceilings, floor to ceiling windows, stainless steel appliances, granite counter tops with island, in-unit washer & dryer, and great closet space. Amazing property which has great size rooms for master and 2nd bedroom, open living room and private balcony! Utilities Included: Gas, water, 1 parking space included in price!

Last Agent to Rent the Property

Ivan Ivanovski

Fulton Grace Realty License #475207748 Listed on: 10/24/2024

Fulton Grace Realty

Last Renter's Agent

Ivan Ivanovski

Fulton Grace Realty License #475207748 Listed on: 10/24/2024

Fulton Grace Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,169

Year Built

  • Built in 2006

Lot Details

  • 1.11

Home Design

  • Reinforced Caisson Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 960 Sq Ft Home
  • Family Room
  • Living Room
  • Formal Dining Room

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom
  • Dual Sinks

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price

Outdoor Features

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water
  • Cable TV Available

Listing and Financial Details

  • Property Available on 11/1/24
  • Rent includes gas, heat, water, parking

Community Details

Overview

  • 249 Units
  • Jack Beebe Association, Phone Number (312) 379-0400
  • Property managed by FORTH GROUP
  • Lock-and-Leave Community
  • 12-Story Property

Amenities

  • Doorman

Pet Policy

  • Pets up to 60 lbs
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,169

Year Built

Built in 2006

Lot Details

0

Rental Info

  • Available Date: 2024-11-01
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Type of Rental Property: Attached
  • Rental Price: 2295
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 60

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo
  • Property Sub-Type: Attached
  • Year Built: 2006
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 5
  • 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: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Elevator, Hardwood Floors, Laundry Hook-Up in Unit
  • LivingArea: 960
  • Other Equipment: TV-Cable, Fire Sprinklers, CO Detectors
  • Room Type: No additional rooms
  • Stories Total: 12
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Double Sink
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter, Reinforced Caisson
  • List Price: 2295
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Glass,Concrete

Garage/Parking

  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air, Indv Controls
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Amenities: Door Person, On Site Manager/Engineer, Security Door Lock(s)
  • Rent Includes: Gas, Heat, Water, Parking
  • Management: Developer Controls,Manager On-site
  • Management Company: FORTH GROUP
  • Management Contact Name: Jack Beebe
  • Management Phone: 312-379-0400X104

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Units in Building: 249

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2022
Sold by
Kitanoski Vlatko
Bought by
Kitanoski Llc
Current Estimated Value
$335,815

Purchase Details

Closed on
Jun 20, 2018
Sold by
Chaudhari Rakesh and Kadakia Kinjal
Bought by
Kitanoski Vlatko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,600
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2006
Sold by
1612 S Michigan Development Corp
Bought by
Kadakia Kinjal and Chaudhari Rakesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,800
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
Kitanoski Llc -- None Listed On Document
Kitanoski Vlatko $264,000 Chicago Title
Kadakia Kinjal $245,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kitanoski Vlatko $223,125
Previous Owner Kitanoski Vlatko $237,600
Previous Owner Kadakia Kinjal $195,800
Previous Owner Chaudhari Rakesh $48,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2024 12/18/24 Rented $2,350 +2.4% --
12/02/2024 12/02/24 Price Changed $2,295 -2.3% $2 / Sq Ft
11/19/2024 11/19/24 Price Changed $2,350 -2.0% $2 / Sq Ft
10/24/2024 10/24/24 For Rent $2,399 +26.3% --
08/29/2018 08/29/18 Rented $1,900 -2.6% --
08/25/2018 08/25/18 Under Contract -- -- --
08/24/2018 08/24/18 Price Changed $1,950 -2.5% --
08/14/2018 08/14/18 Price Changed $2,000 -7.0% --
07/28/2018 07/28/18 Price Changed $2,150 -1.1% --
07/16/2018 07/16/18 Price Changed $2,175 -1.1% --
06/29/2018 06/29/18 Price Changed $2,200 -2.2% --
06/22/2018 06/22/18 For Rent $2,250 -- --
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 $5,169 $24,324 $2,697 $21,627
2023 $5,038 $24,420 $2,170 $22,250
2022 $5,038 $24,420 $2,170 $22,250
2021 $4,925 $24,418 $2,169 $22,249
2020 $4,463 $20,036 $1,782 $18,254
2019 $4,383 $21,816 $1,782 $20,034
2018 $4,309 $21,816 $1,782 $20,034
2017 $3,239 $15,048 $1,472 $13,576
2016 $3,014 $15,048 $1,472 $13,576
2015 $2,758 $15,048 $1,472 $13,576
2014 $2,536 $13,666 $1,317 $12,349
2013 $2,485 $13,666 $1,317 $12,349
Source: Public Records

Agents Affiliated with this Home

  • I

    Landlord's Agent in 2024

    Ivan Ivanovski

    Fulton Grace

    (312) 961-3398

    1 Total Sale

    Ivan Ivanovski
    Section Image

  • S

    Seller's Agent in 2018

    Srdjan Sterleman

    NS International Realty, INC

    (773) 503-6742

    3 in this area

    153 Total Sales

    Srdjan Sterleman
    Section Image

  • D

    Buyer's Agent in 2018

    Dhara Mehta

    Kale Realty

    Section Image
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About This Building

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12195976

Midwest Real Estate Data (MRED)

APN: 17-22-301-065-1077

Illinois Cook County Chicago 60616 South Loop

1620 S Michigan Ave Unit 525, Chicago, IL

This home is located at 1620 S Michigan Ave Unit 525, Chicago, IL 60616 since 24 October 2024 and is currently priced at $335,815. This property was built in 2006. 1620 S Michigan Ave Unit 525 is a home located in Cook County with nearby schools including South Loop Elementary School, Wendell Phillips Academy High School, and Perspectives Chtr - Joslin Campus.

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