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Backup Offers

1620 S Michigan Ave Unit 406, Chicago, IL, 60616

$339,000

Home List Price

$4,026*

Closing Credit

2 Bedrooms
2 Full Baths
1,050 SqFt
$323/SqFt
Condo
Schools Nearby

Location

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1620 S Michigan Ave Unit 406, Chicago$339,000

Buyer Closing Credits

$4,026*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
Attached Garage1 space
Year Built2003
HeatingNatural Gas, Forced Air
CoolingCentral Air
MLS #11981435
StatusAccepting Backup Offers
(Contingent)

About 1620 S Michigan Ave Unit 406

Nice 4th floor unit in desirable Michigan Avenue building. Very open living room, dining room and kitchen area. There is a master bedroom with bath and walk in closet with organizers. Full 2nd bedroom(not lofted). Two baths. Full size windows provide a great view and a balcony for summer enjoyment! New HVAC 2019. Very secure building. Walking distance to shopping, several Restaurants, dog parks, bars and other entertainment venues! DEEDED PARKING SPACE INCLUDED IN PRICE! South wall, where TV was, will be patched before closing.

Property Details

Property Features

Property Information:

  • Year Built: 2003
  • Stories: 12
  • Living Area: 1,050 SqFt

Listing Office:

  • Office Name: Roppolo Realty, Inc.
  • Office Phone: (708) 453-9080
  • Listing Agent: James Griseto

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s), Gas Oven
  • Basement: No
  • Interior: Hardwood Floors, Laundry Hook-Up in Unit, Walk-In Closet(s), Ceiling - 10 Foot

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Balcony

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Phillips Academy High School, Public District Grades 9-12
  • South Loop Elementary School, Public District Grades PK-8

Other

Directions Information:

  • Directions: West side of Michigan Avenue. South of 16th and north of 18th.

Price Information

Listing Price Info

Price Summary:

  • List Price: $339,000
  • Price Per SqFt: $323/SqFt

HOA Fees:

  • Amount: $459
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $5,015
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$349K

Med. Price/SqFt

$250

Avg. Days On Market

33

# of Sold Homes

2268

1620 S Michigan Ave Unit 406 vs Chicago

77 DAYS ON ROCKET

+44 Days

$339,000

-$10K Less

$323/SqFt

+$73 More

KEY TAKEAWAY

This property is $10K less than the Median Sold Price and $73/SqFt more than other homes in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #11981435

Listing Office:

  • Office Name: Roppolo Realty, Inc.
  • Office Phone: (708) 453-9080
  • Listing Agent: James Griseto

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/9/2024, 4:15:41 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 24, 2016Home Sold
$320,000
Aug 28, 2006Home Sold
$331,000

Tax History

YEARPROP. TAXASSESSMENT
2019$5,015$28,389
2018$5,607$28,389
2017$4,215$19,581

History based on county public records data.

Payment Calculator

$2,218

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,083

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-9428083
7
/10

  • South Loop Elementary School

  • 1212 S Plymouth Ct

  • 0.57 miles

  • Public District Grades PK-8

High School

school-card-donut-9428084
1
/10

  • Phillips Academy High School

  • 244 E Pershing Rd

  • 2.42 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $91,719. Most Chicago, IL residents have annual incomes between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1620 S Michigan Ave Unit 406

What is the listing price of this property?

The listing price of 1620 S Michigan Ave Unit 406 property is $339,000.

What type of property is this?

The property 1620 S Michigan Ave Unit 406 is a condo located in Chicago, Illinois, 60616.

Is this property for sale now?

Accepting Backup Offers: 1620 S Michigan Ave Unit 406 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 1620 S Michigan Ave Unit 406 are:
South Loop Elementary School: GreatSchools Rating 7/10
Phillips Academy High School: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $5,015 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 24, 2016 for $320,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1620 S Michigan Ave Unit 406 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1620 S Michigan Ave Unit 406 is 1,050 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1620 S Michigan Ave Unit 406 is 2003.

Rocket Homes›Illinois›Cook County›Chicago›60616›1620 S Michigan Ave Unit 406

This home is located at 1620 S Michigan Ave Unit 406 in Chicago, IL and zip code 60616 in the Near South Side neighborhood. This 1,050 square foot home was built in 2003. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 22, 2024 and is currently priced at $339,000.

In April 2024 more than 867 listings in Chicago, IL were sold above the asking price. During the same period more than 378 listings were sold at asking price, while more than 1023 were sold below. The number of listings in Chicago, IL increased by 18.4% between March 2024 and April 2024. In April 2024 median list price was $349,097 and the average listing age was 33 days.

From Rocket Homes Real Estate and based on county public records data.

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