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1601 S Michigan Avenue Chicago, IL 60616 Residential - Condominium (Bank Owned) - New

New - 9 Hours Ago
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  • 1601 S Michigan Avenue , Unit 405, Chicago, IL 60616 Main Photo

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Description

Experience urban living in this newly painted 4th-floor loft condo at 1601 S Michigan Ave #405. This 1-bedroom, 1-bathroom home features impressive 11-foot ceilings and charming exposed brick in the living room, which opens onto an attached, refinished balcony with a northern exposure. The living area is centered around a cozy, gas ventless fireplace. The kitchen is updated with modern appliances (mostly 2021/2022, with a 2017 refrigerator) and in-unit laundry. This secure building utilizes a Butterfly entry system and includes an exterior deeded parking space in the price. Recent building updates include a 2023 roof overlay, and elevator and exterior improvements. Ideally located, this home is just blocks from the Red/Green lines and the Metra station, offering easy access to the Museum Campus, Lake Shore Drive, I-55, and I-90/94, as well as an array of neighborhood restaurants and bars.

Property Highlights

Property Type: Residential - Condominium
Built in 1990
School District: District 299
Brick Exterior
One Fireplace

General Information

Bedrooms: 1
Bathrooms: 1
County: Cook
Listed By:
Redfin Corporation 312-836-4263
MRED MLS

Room Information

Dining Room: COMBO
Kitchen: 8X10
Living Room: 18X14
Primary Bedroom: 12X12
$220,000
Est. $1,504/mo
1beds
1baths
New to the Market (Bank Owned) - New
BEDS1 BATHS1 full MLS#12707497
STATUS(Bank Owned) - New PROPERTY TYPEResidential - Condominium SCHOOLDistrict 299

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1601 S Michigan Avenue , Unit 405, Chicago, IL 60616.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $220,000$220,000$220,000
Down Payment $44,000$7,700$55,000
Monthly Mortgage Amount $1,098$1,330$1,370
Taxes $306$306$306
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$97$0
Monthly Estimated Total $1,504$1,833$1,776

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