Tandem Lofts 1631 S Michigan Ave Unit 312 Chicago, IL 60616
Central Station NeighborhoodEstimated payment $3,160/month
Total Views
619
2
Beds
1
Bath
1,300
Sq Ft
$288
Price per Sq Ft
Highlights
- Wood Flooring
- Stainless Steel Appliances
- Resident Manager or Management On Site
- South Loop Elementary School Rated 9+
- Balcony
- 3-minute walk to Chicago Women's Park and Gardens
About This Home
Loft living with modern updates in the heart of the South Loop! This spacious 2 bed, 1 bath condo at Tandem Lofts combines timeless urban loft elements with thoughtful 2024 improvements. A welcoming entryway with exposed brick sets the tone, leading into an open main space with ample room for large sitting area and dining room, hardwood flooring and an updated fireplace with a reimagined mantel. The open-concept kitchen was updated in 2024 with quartz countertops, backsplash, stainless steel appliances, and generous cabinetry, along with an island perfect for cooking and casual dining. Both soft-loft bedrooms offer flexible layouts, carpeting and ample closet space, with the second bedroom easily suited for a guest space, home office, or creative studio. The full bath was updated in 2018. A brand-new in-unit washer/dryer complete the move-in-ready condo. Includes on-site deeded exterior parking spot in gated lot. Tandem Lofts is a professionally managed elevator and pet friendly building and offers additional storage for the unit and bike room. Enjoy access to Grant Park, the lakefront, Museum Campus, Soldier Field, CTA transit, grocery stores, and an incredible range of dining and retail options just outside your door. HOA includes parking, heat, gas, Wifi, DirectTV Streaming, snow removal, scavenger services, water. Estate sale - offered as-is.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,927
HOA Fees
- $639 Monthly HOA Fees
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,300 Sq Ft Home
- Entrance Foyer
- Family Room
- Living Room with Fireplace
- Combination Dining and Living Room
- Storage
Kitchen
- Range
- Microwave
- Freezer
- Dishwasher
- Stainless Steel Appliances
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 1 Parking Space
- Off-Street Parking
- Parking Included in Price
Utilities
- Central Air
- Heating System Uses Natural Gas
Additional Features
- Additional Parcels
Community Details
Overview
- Association fees include water, gas, parking, insurance, tv/cable, exterior maintenance, lawn care, scavenger, snow removal, internet
- 61 Units
- Matt Schreck Association, Phone Number (312) 379-0400
- Property managed by Forth Group
- 6-Story Property
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Map
About Tandem Lofts
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Home Values in the Area
Average Home Value in this Area
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 | $5,715 | $29,335 | $7,389 | $21,946 |
| 2023 | $5,571 | $27,000 | $6,176 | $20,824 |
| 2022 | $5,571 | $27,000 | $6,176 | $20,824 |
| 2021 | $5,445 | $26,999 | $6,176 | $20,823 |
| 2020 | $5,341 | $23,977 | $4,883 | $19,094 |
| 2019 | $5,246 | $26,109 | $4,883 | $21,226 |
| 2018 | $5,157 | $26,109 | $4,883 | $21,226 |
| 2017 | $4,804 | $22,317 | $4,033 | $18,284 |
| 2016 | $4,470 | $22,317 | $4,033 | $18,284 |
| 2015 | $4,090 | $22,317 | $4,033 | $18,284 |
| 2014 | $3,300 | $20,353 | $3,609 | $16,744 |
| 2013 | $3,223 | $20,353 | $3,609 | $16,744 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | For Sale | $375,000 | +10.3% | $288 / Sq Ft |
| 12/12/2023 12/12/23 | Sold | $340,000 | 0.0% | $262 / Sq Ft |
| 11/21/2023 11/21/23 | Pending | -- | -- | -- |
| 11/21/2023 11/21/23 | For Sale | $340,000 | +8.8% | $262 / Sq Ft |
| 08/11/2014 08/11/14 | Sold | $312,500 | +4.5% | $240 / Sq Ft |
| 06/12/2014 06/12/14 | Pending | -- | -- | -- |
| 06/04/2014 06/04/14 | For Sale | $299,000 | -- | $230 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $340,000 | Chicago Title | |
| Warranty Deed | $330,000 | Attorney | |
| Warranty Deed | $312,500 | Stewart Title | |
| Warranty Deed | $305,000 | None Available | |
| Warranty Deed | $210,000 | -- | |
| Deed | $178,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $254,000 | New Conventional | |
| Previous Owner | $264,000 | New Conventional | |
| Previous Owner | $281,250 | New Conventional | |
| Previous Owner | $239,500 | New Conventional | |
| Previous Owner | $45,750 | Credit Line Revolving | |
| Previous Owner | $300,700 | Unknown | |
| Previous Owner | $191,600 | Unknown | |
| Previous Owner | $185,000 | Unknown | |
| Previous Owner | $183,600 | Unknown | |
| Previous Owner | $179,900 | No Value Available | |
| Previous Owner | $142,300 | No Value Available |
Source: Public Records
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12436414
APN: 17-22-302-051-1029
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