16 days on rocket

Backup Offers

1250 S Michigan Ave Unit 1408, Chicago, IL, 60605

$335,000

Home List Price

$3,978*

Closing Credit

1 Bedroom
1 Full Bath
861 SqFt
$389/SqFt
Condo

Location

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1250 S Michigan Ave Unit 1408, Chicago$335,000

Buyer Closing Credits

$3,978*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Attached Garage1 space
Year Built2005
HeatingNatural Gas, Forced Air
CoolingCentral Air
FireplaceElectric
MLS #12185794
StatusAccepting Backup Offers
(Contingent)

About 1250 S Michigan Ave Unit 1408

Preferred South exposure with an oversized balcony, this unit spans over 850 sq. ft., making it one of the largest one-bedroom options in the South Loop. Recently rebuilt from top to bottom, this unit features an entirely new kitchen, bathroom, flooring, doors, finishes, lighting, and more-providing a rare opportunity for beautiful, maintenance-free living for years to come. The kitchen's clean-line, open design showcases oversized quartz countertops with a stunning waterfall edge. Designed for both cooking and entertaining, it includes a built-in barstool setup and pre-installed charging outlets, making it a versatile workstation as well. Thoughtfully planned lighting includes ample overhead fixtures, along with custom LED under-counter and under-cabinet lighting. All appliances are luxury-grade, including a chef's favorite gas range. Coordinating flooring and cabinetry flow seamlessly into the adjoining dining room buffet and living area, where a custom-built, extra-wide fireplace serves as a media center focal point. The living room extends naturally to the recessed outdoor patio, creating a wonderful indoor-outdoor flow. The open floorplan provides flexibility, offering a private patio, living room, dining room, and eat-in kitchen in a single cohesive space, ideal for daily living and entertaining alike. The bedroom accommodates any bed arrangement and receives abundant natural light through floor-to-ceiling windows, which also open to the private patio. The walk-in closet is fully customized and built-out for optimal storage. The oversized bathroom features an earthy tile and stone palette, creating a serene daily retreat. A soaking tub, extra counter space, and plentiful storage enhance the luxury finishes. The pet-friendly building offers exceptional amenities: 24-hour door staff, full-time maintenance, a gym, an outdoor pool with sundeck, a dog run, a party room, and more. Monthly assessments cover heat, AC, cooking gas, cable, internet, and all amenities, supported by substantial reserves of about $2 million, with no special assessments. Rentals are allowed after two years of ownership, and one premium garage space is included in the price. Perfectly located in the vibrant South Loop, the building is just half a block from Grant Park with immediate access to lakefront bike and running paths. The ultra-walkable neighborhood offers Trader Joe's, Jewel, restaurants, pubs, entertainment, and more. Minutes away, you'll find the Roosevelt retail complex with Best Buy, Target, Whole Foods, The Home Depot, Petco, and other conveniences.

Property Details

Property Features

Property Information:

  • Year Built: 2005
  • Stories: 28
  • Living Area: 861 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (312) 319-1168
  • Listing Agent: Santiago Valdez

Interior Features

Interior Information:

  • Basement: No
  • Interior: Elevator, Hardwood Floors, Storage, Built-in Features, Walk-In Closet(s), Bookcases, Some Carpeting, Dining Combo, Lobby
  • Fireplace: Electric

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Balcony, Deck, Patio, Above Ground Pool, In Ground Pool

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot: Corner Lot

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: South of Roosevelt Rd., East of Wisconsin Ave. on Michigan Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $335,000
  • Price Per SqFt: $389/SqFt

HOA Fees:

  • Amount: $542
  • Frequency: Monthly
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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

$360.3K

Med. Price/SqFt

$259

Avg. Days On Market

32

# of Sold Homes

1796

1250 S Michigan Ave Unit 1408 vs Chicago

16 DAYS ON ROCKET

-16 Days

$335,000

-$25.3K Less

$389/SqFt

+$129 More

KEY TAKEAWAY

This property is $25.3K less than the Median Sold Price and $129/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: #12185794

Listing Office:

  • Office Name: Compass
  • Office Phone: (312) 319-1168
  • Listing Agent: Santiago Valdez

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IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

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: 11/13/2024, 11:45:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Rate/APR

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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.

Nearby Schools

school-card-donut-45205
4
/10

  • Cooper Elementary Academy

  • 1624 W 19th St

  • 2.32 miles

  • Public District Grades PK-5

school-card-donut-45206
3
/10

  • Hope Learning Academy

  • 1628 W Washington Blvd

  • 2.55 miles

  • Public District Grades KG-5

school-card-donut-45207
5
/10

  • Univ of Chicago Charter-Donoghue

  • 707 E 37th St

  • 2.79 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $99,236. Most Chicago, IL residents have annual incomes between $100k-200k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1250 S Michigan Ave Unit 1408

What is the listing price of this property?

The listing price of 1250 S Michigan Ave Unit 1408 property is $335,000.

What type of property is this?

The property 1250 S Michigan Ave Unit 1408 is a condo located in Chicago, Illinois, 60605.

Is this property for sale now?

Accepting Backup Offers: 1250 S Michigan Ave Unit 1408 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How many bedrooms and bathrooms does this property have?

The property at 1250 S Michigan Ave Unit 1408 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 1250 S Michigan Ave Unit 1408 is 861 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1250 S Michigan Ave Unit 1408 is 2005.

Rocket Homes›Illinois›Cook County›Chicago›60605›1250 S Michigan Ave Unit 1408

This home is located at 1250 S Michigan Ave Unit 1408 in Chicago, IL and zip code 60605 in the Near South Side neighborhood. This 861 square foot home was built in 2005. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $335,000.

In October 2024, from all listings sold in Chicago, IL there were more than 539 sold above asking price, over 919 sold below and more than 337 were sold right at the asked price. Between September 2024 and October 2024, Chicago, IL real estate market has seen increase in the number of listings by 14.5%. While the average time on the market in October 2024 was 32 days, the median list price was $360,336.

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

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