1631 S Michigan Avenue
1631 S Michigan Avenue, Chicago, IL, 60616
Year Built
1911
# Stories
6
# Total Units
36
Unit Size Range
1,450-1,550 sqft
Unit Demand
Low
Unit Availability
Medium
About 1631 S Michigan Avenue
The building at 1631 S Michigan Avenue is situated in a bustling part of Chicago. This high-rise structure has 6 stories with 36 units. It was built in 1911 and offers a mix of both 1 and 2-bedroom layouts. Units range from 1,450 to 1,550 square feet. Prices for the available units fall between $425,000 and $450,000. The average price per square foot is about $331. Recent sales show an average closing price around $375,000, with the lowest price sold in the last year being $250,000. Living here means access to several amenities. These amenities include an intercom system, laundry facilities, and a party room among others. The building also has an elevator and security lighting, ensuring comfort and safety for residents. Nearby, there are options for shopping and dining. Greenleaf Food Market is great for groceries, while Orbit serves up meals. Families will find A I M E Inc nearby for educational needs. This mix of businesses creates a vibrant community feel. The area is easy to navigate with good road access. Residents can enjoy the outdoors as Lake Michigan is not far off. This offers great opportunities for those who like to spend time near the water, keeping active and connected to nature. All these features make the building a solid choice for buyers. The combination of location, amenities, and unit options creates a welcoming living experience. Each aspect works together to promote a comfortable lifestyle in this lively neighborhood.
Amenities
One of the standout features of living at 1631 S Michigan Avenue is the array of amenities designed to enhance your lifestyle. Fitness enthusiasts will appreciate the exercise room, while those who enjoy social gatherings can take advantage of the party room. There’s also a bike room for the active commuter and convenient laundry facilities. Security lighting and an intercom system add peace of mind, so you can truly relax in your new home. From entertaining friends to staying fit, these amenities support a well-rounded, enjoyable lifestyle.
Parking
Locker
Concierge
Elevator
Central AC
Pool
Fitness Center
Visitors ParkingBuilding Policies
It's vital to know what to expect when moving into a new community, especially regarding building policies. At 1631 S Michigan Avenue, pets are welcomed with some guidelines to ensure everyone feels at home. There are size limits for pets, along with additional pet rent, which means you can bring your furry friend along, as long as they meet the criteria. Additionally, potential buyers should be aware of some policies that include a deposit requirement and a limit on the number of pets.
Pets Allowed
Short-term Rental Allowed
BBQ Permitted
Sublet AllowedLoading...
1631 S Michigan Avenue Market Report (last 12 months)
23.27%
5
56 25.45%
31631 S Michigan Avenue Sales History
| Unit | Size (sqft) | Beds | Baths | Days On Market | Date | Status | Price | |
|---|---|---|---|---|---|---|---|---|
 | 401 | 1250 | 2 | 2 | 83 | 2025-07-01 MLS#: 12334206 | Closed | $425,000 |
 | 310 | 1400 | 2 | 2 | 36 | 2025-05-30 MLS#: 12345494 | Closed | $450,000 |
 | 405 | 1500 | 2 | 2 | 92 | 2021-07-08 MLS#: 11045484 | Closed | $425,000 |
2 Beds
2 Baths
1400 sqft
| Date | Status | Price |
|---|---|---|
| 2025-05-30 | Closed | $450,000 |
2 Beds
2 Baths
1250 sqft
| Date | Status | Price |
|---|---|---|
| 2025-07-01 | Closed | $425,000 |
2 Beds
2 Baths
1500 sqft
| Date | Status | Price |
|---|---|---|
| 2021-07-08 | Closed | $425,000 |
Compare with Buildings in the Neighbourhood (Last 12 Months)
Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby
| Building Name | Avg price per square foot | AVG HOA FEE per square foot (Monthly) |
|---|---|---|
| 1631 S Michigan Avenue | $331/sqft. | $3 /sqft. |
| 1631 S Michigan Ave | $331/sqft. | $3 /sqft. |
| 1632 S Indiana Ave | $343/sqft. | $4 /sqft. |
| 1620 South Michigan Avenue Condominiums | $324/sqft. | $4 /sqft. |
| 1632 S Indiana Avenue | $344/sqft. | $4 /sqft. |
| 1620 S Michigan Ave | $341/sqft. | $3 /sqft. |
Nearby Schools
Discover top-rated schools located close to 1631 S Michigan Avenue.
Daystar Academy
--Perspectives Charter - Joslin Campus
C-South Loop Elementary School
BNational Teachers Elementary Academy
B-Graham R Training Center
--Pui Tak Christian School
--
View nearby schools
Schools
Daystar Academy
--Perspectives Charter - Joslin Campus
C-South Loop Elementary School
BNational Teachers Elementary Academy
B-Graham R Training Center
--Pui Tak Christian School
--St Therese Chinese Catholic School
--Haines Elementary School
ASouth Loop Montessori School
--Jones College Preparatory High School
AYccs-Jane Addams Alternative High School
--Drake Elementary School
CUrban Preparatory West Charter School
--Yccs- Mckinley-Lakeside Leadership Academy
--McKinley Lakeside Leadership Academy
--J. Ward Elementary School
B+St Jerome School
--Walsh Elementary School
DDba City Garden Waldorf School
--Sheridan Elementary Math & Science Academy
A+Dunbar Vocational Career Academy High School
CJungman Elementary School
C+Intrinsic 2 Charter High School
--J. Smyth Elementary School
DNoble St Charter-Muchin College Preparatory
A+Yccs-Innovations of Arts Integr High School
--Pershing Elementary Magnet School
D+Healy Elementary School
ASt Ignatius College Preparatory
--St Procopius School
--Galileo Elementary Math & Science Schol Acd
BFrances Xavier Warde School
--Perez Elementary School
D+Chicago Technology Academy High School
BYccs-Youth Connection Leadership Academy
--Gems World Academy Chicago
--St Therese School West
--Devry Advantage Academy High School
A+De la Salle Institute - Institute Campus
--Transit
Experience convenience and connectivity with premium transit options just moments away.
1440 S Indiana
18th St.
1100 S Columbus (Pedestrian Underpass)
327 W Roosevelt
25th Street & Michigan
26th Street & Indiana
View nearby transit options
Transit
1440 S Indiana
18th St.
1100 S Columbus (Pedestrian Underpass)
327 W Roosevelt
25th Street & Michigan
26th Street & Indiana
26th Street & Prairie
26th Street & King Drive
2800 S King Drive
27th St.
18th Street & Halsted
26th Street & Normal
18th Street & Peoria
350 S. Clark Street (Chicago)
3000 S Michigan
2300 S Halsted
18th Street & Sangamon
333 S Franklin Street (Chicago)
3000 S King Drive
3000 S Wentworth
31st Street & Michigan
31st Street & Giles
31st Street & King Drive
18th Street & Carpenter
31st Street & Wells
31st Street & Rhodes
31st Street Beach
31st Street & Canal
3200 S Wentworth
900 W Harrison
18th Street & Racine
31st Street & Wallace
18th Street & Throop
31st Street & Union
33rd Place & Rhodes
3400 S State
31st Street & Halsted
33rd Place & Cottage Grove
35-Bronzeville-IIT
35th-Bronzeville-IIT
18th Street & Blue Island
35th Street & State (Green Line)
35th Street & Indiana
35th Street & Michigan
35th St. - Lou Jones
31st Street & Throop
35th Street & Giles
31st Street & Lituanica
35th Street & King Drive
35th Street & Federal
The Neighborhood: South Loop / Near South Side
South Loop, part of Chicago’s vibrant Near South Side, offers a dynamic urban experience with a mix of historic and modern attractions. This neighborhood is home to the renowned Museum Campus, which includes the Field Museum, Shedd Aquarium, and Adler Planetarium. Residents enjoy diverse dining options, from local eateries to high-end restaurants, and ample shopping opportunities. The area provides a convenient lifestyle with easy access to public transportation, including multiple L train lines and proximity to major expressways. With its scenic views of Lake Michigan and Grant Park, South Loop caters to both families and professionals seeking an active city life.
Demographics For all South Loop / Near South Side listings
AVERAGE RESIDENT AGE
39 years old
AVERAGE HOUSEHOLD INCOME
$86,323/year
AVERAGE HOUSEHOLD COMPOSITION
2 People
What to know about South Loop / Near South Side demographics:
- Approximately 41.2% of adults in the South Loop / Near South Side area hold a post graduate degree, indicating a highly educated population that supports strong demand for upscale amenities, cultural offerings, and professional services—appealing to buyers seeking an intellectually vibrant community.
- Average age is 39 years, with the largest age cohort aged 35 to 39—an age profile that favors young professionals and growing households, making the neighborhood attractive for first-time buyers and those seeking long-term residency.
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Paul Ambrogio
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13300 IL RT 47
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