NOT LISTED FOR SALE

Tandem Lofts 1631 S Michigan Ave Unit 203 Chicago, IL 60616

Central Station Neighborhood

Estimated Value: $263,658 - $327,000

1 Bed
1 Bath
900 Sq Ft
$384/mo HOA Fee

Last Sold June 24, 2024

Last sale price $275,000 $306 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,294/month

3 Days on Market

Highlights

  • Lock-and-Leave Community
  • Main Floor Bedroom
  • Balcony
  • Wood Flooring
  • Home Office
  • 3-minute walk to Chicago Women's Park and Gardens

About This Home

As of June 2024

Very spacious 1 bedroom and 1 bath home. Extra wide floor plan, with generous bedroom suite, office area at entry. Beautifully updated bath with gorgeous glass tiled wall. True loft with 13' ceilings and exposed brick walls. Gas fireplace (bonus gas is included in the HOA)with built in bookcases in the living area. Large island, pantry space and new 2022 fridge in the chefs kitchen. Indoor heated parking is included in the price! Incredible South Loop location where you can walk to lake Michigan, Mariano's, Michigan bus, train, museums, one of the best dog parks in the city, and all the convenient location has to offer! Very well managed building!

Last Agent to Sell the Property

Regina Castle

@properties Christie's International Real Estate License #475167988 Listed on: 03/06/2024

@properties Christie's International Real Estate

Last Buyer's Agent

Brooke Bosak

@properties Christie's International Real Estate License #475191770

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,000

Year Built

  • Built in 1920 | Remodeled in 1999

Lot Details

  • 0.67

HOA Fees

  • $384 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 900 Sq Ft Home
  • Built-In Features
  • Bookcases
  • Ceiling Fan
  • Gas Log Fireplace
  • Window Treatments
  • Sliding Doors
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Home Office
  • Storage
  • Home Security System

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Outdoor Features

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Lake Michigan Water
  • Shared Septic
  • Cable TV Available

Community Details

Overview

  • Association fees include heat, gas, insurance, security, tv/cable, exterior maintenance, scavenger, snow removal, internet
  • 58 Units
  • Matt Schrek Association, Phone Number (312) 379-0400
  • Property managed by Forth Group
  • Lock-and-Leave Community
  • 6-Story Property

Amenities

  • Lobby
  • Community Storage Space
  • Elevator

Recreation

  • Bike Trail

Pet Policy

  • Pet Deposit Required
  • Dogs and Cats Allowed

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,000

Year Built

Built in 1920 | Remodeled in 1999

Lot Details

0

HOA Fees

$384 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 2
  • Rehab Year: 1999
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6
  • Year Renovated: 1999

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Elevator, Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Laundry Hook-Up in Unit, Storage, Built-in Features, Bookcases, Some Window Treatment, Lobby, Some Wall-To-Wall Cp, Pantry
  • LivingArea: 900
  • Other Equipment: TV-Cable, Security System, Fire Sprinklers, CO Detectors, Ceiling Fan(s)
  • Room Type: Balcony/Porch/Lanai, Office
  • Stories Total: 6
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Door Features: Sliding Doors
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony
  • List Price: 269000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • Sewer: Septic Shared
  • Cooling: Central Air
  • Electric: 100 Amp Service
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Deposit Required, Dogs OK
  • Association Fee: 384
  • Association Amenities: Bike Room/Bike Trails, Elevator(s), Storage, Security Door Lock(s), Ceiling Fan
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Forth Group
  • Management Contact Name: Matt Schrek
  • Management Phone: 312-379-0400
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Gas, Insurance, Security, TV/Cable, Exterior Maintenance, Scavenger, Snow Removal, Internet

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: CONDO
  • Rural (Y/N): N
  • Special Assessments: Y

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 2000
  • Tax Year: 2022

Multi Family

  • Units in Building: 58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
Jun 21, 2024
Sold by
Iles Dawn E
Bought by
Mayer Amonda L and Gorski John M
Seller's Agent
Regina Castle
@properties Christie's International Real Estate
Buyer's Agent
Brooke Bosak
@properties Christie's International Real Estate
List Price
$269,000
Sold Price
$275,000
Premium/Discount to List
$6,000
2.23%
Views
17
Current Estimated Value
$293,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,165
Avg. Annual Appreciation
5.62%
Original Mortgage
$220,000
Outstanding Balance
$217,511
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$75,654

Purchase Details

Closed on
Jul 1, 1999
Sold by
American National Bank & Tr Co Chicago
Bought by
Iles Dawn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
7.69%
Mortgage Type
Balloon
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
Mayer Amonda L $275,000 Proper Title
Iles Dawn E $138,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mayer Amonda L $220,000
Previous Owner Iles Dawn E $195,000
Previous Owner Iles Dawn E $188,000
Previous Owner Iles Dawn E $10,000
Previous Owner Iles Dawn E $117,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2024 06/24/24 Sold $275,000 +2.2% $306 / Sq Ft
03/10/2024 03/10/24 Pending -- -- --
03/06/2024 03/06/24 For Sale $269,000 0.0% $299 / Sq Ft
05/10/2021 05/10/21 Rented $1,900 -5.0% --
04/14/2021 04/14/21 For Rent $2,000 0.0% --
11/01/2018 11/01/18 Rented $2,000 0.0% --
10/01/2018 10/01/18 For Rent $2,000 0.0% --
09/26/2018 09/26/18 Off Market $2,000 -- --
09/15/2018 09/15/18 For Rent $2,000 -- --
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 $3,743 $22,857 $5,757 $17,100
2023 $3,627 $21,000 $4,812 $16,188
2022 $3,627 $21,000 $4,812 $16,188
2021 $3,564 $20,999 $4,812 $16,187
2020 $3,470 $18,681 $3,804 $14,877
2019 $3,398 $20,341 $3,804 $16,537
2018 $3,339 $20,341 $3,804 $16,537
2017 $3,017 $17,389 $3,143 $14,246
2016 $2,983 $17,389 $3,143 $14,246
2015 $2,706 $17,389 $3,143 $14,246
2014 $2,466 $15,858 $2,812 $13,046
2013 $2,406 $15,858 $2,812 $13,046
Source: Public Records

Agents Affiliated with this Home

  • Regina Castle

    Seller's Agent in 2024

    Regina Castle

    @ Properties

    (312) 463-9366

    1 in this area

    44 Total Sales

    Regina Castle
    Section Image
  • Brooke Bosak

    Buyer's Agent in 2024

    Brooke Bosak

    @ Properties

    (773) 472-0200

    1 in this area

    62 Total Sales

    Brooke Bosak
    Section Image

  • J

    Seller's Agent in 2021

    Jean Wong

    Kale Realty

    (312) 593-8388

    15 Total Sales

    Jean Wong
    Section Image
  • Marie Castle

    Seller Co-Listing Agent in 2021

    Marie Castle

    Kale Realty

    (224) 622-9863

    9 Total Sales

    Marie Castle
    Section Image
  • Matt Engle

    Buyer's Agent in 2021

    Matt Engle

    Fulton Grace

    (717) 658-0899

    2 in this area

    206 Total Sales

    Matt Engle
    Section Image

  • S

    Buyer's Agent in 2018

    Sandry Ollison

    Sandra K Ollison

    Section Image
See All Agents

About Tandem Lofts

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11997788

Midwest Real Estate Data (MRED)

APN: 17-22-302-051-1006

Illinois Cook County Chicago 60616 Central Station

1631 S Michigan Ave Unit 203, Chicago, IL

This home is located at 1631 S Michigan Ave Unit 203, Chicago, IL 60616 since 06 March 2024 and is currently estimated at $293,165, approximately $325 per square foot. This property was built in 1920. 1631 S Michigan Ave Unit 203 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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