ClosedPrice Reduced

$389,000

$399,000
1617 Michigan Avenue, Chicago, IL 60616
2 Beds1 Baths0 sqft31 days
1617 Michigan Avenue·Chicago, IL 60616
2Bedrooms
1Bathrooms
0Sq Ft
About This Home

Discover this rare timber and brick loft in the vibrant South Loop neighborhood of Chicago, offering a perfect blend of historic charm and modern living. Located at 1617 S Michigan Ave, this unique 1,800 sq ft condo in the Studebaker Corner Lofts combines original architectural features with contemporary updates, making it a standout in today's market. Originally a Studebaker showroom, this spacious, two-bedroom+den loft boasts stunning barrel ceilings, a massive light monitor that floods the space with natural light, and beautiful original hardwood floors. The adaptable layout provides limitless possibilities for customization, ideal for those seeking a creative, open-concept home. Key features include an updated bathroom with a stylish vanity, an in-unit stackable washer and dryer, and a well-appointed open kitchen with a large peninsula and gas range-perfect for entertaining. The generous living area offers plenty of room for both relaxing and hosting guests. Enjoy outdoor parking for one vehicle included in the sale and a welcoming community of homeowners who appreciate the loft's unique character. Located just steps from downtown Chicago, this home provides easy access to the best of the South Loop, including Millennium Park, Museum Campus, Grant Park, and numerous dining, shopping, and entertainment options-all in a lively, walkable neighborhood. Additional amenities include centralized air conditioning, a service elevator, and low monthly HOA dues of approximately $420, covering water, building maintenance, snow removal, and more. No rental restrictions make this an excellent opportunity whether you're looking to buy your dream home or an investment property. Don't miss this chance to own a piece of Chicago history in one of the city's most sought-after neighborhoods. Schedule your visit today and make this exceptional loft yours!

MLS# 12500361Listed October 21, 2025Residential
Property Details

Beds & Baths

Total Bedrooms2
Total Bathrooms1
Full Baths1
Half Baths0
Total Rooms6

Size & Structure

Living Area0 sqft
Stories3
Lot SizeCOMMON

Location

CountyCook
TownshipSouth Chicago
Zip Code60616

Financial

List Price$389,000
Original Price$399,000
Annual Taxes (2023)$7,948
Monthly Tax Est.$662
Parcel #17223020501010
Interior Features

Appliances

RangeMicrowaveDishwasherRefrigerator

Heating

Natural Gas

Cooling

Central Air

Basement

None

Laundry

In Unit
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Off StreetYesOwned
HOA & Community
HOA Fee
$421
Monthly

HOA Includes

WaterParkingInsuranceExterior MaintenanceScavengerSnow Removal

Association Amenities

Service Elevator(s)
Tax & Financial
Annual Taxes
$7,948
Tax Year 2023
Monthly Tax Est.
$662
per month
Price Reduced by $10,000
Original list price: $399,000
Property Location

1617 Michigan Avenue, Chicago, IL 60616 — Cook County

$389,000
1617 Michigan Avenue
2 bd1 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
31 days on market
COMMON
$7,948/yr taxes
$421 HOA (monthly)
Price reduced $10,000
$3,128
estimated monthly payment
Principal & Interest
$2,044/mo
Property Tax
$662/mo
HOA
$421/mo
$389,000
20% — $77,800
3%50%
6.875%
3%12%
Loan Amount
$311,200
Down Payment
$77,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
@properties Christie's International Real Estate
Agent: William Sherman
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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