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1507 S Michigan Avenue

Chicago, IL 60605
  • $6,500,000
  • STATUS: Active
  • ON SITE: 234 Days
  • MLS #: 11043311
UPDATED: 24 min ago
$6,500,000
  • 0
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 29,500
    SQFT
  • $220
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1903
County:

School Ratings & Info

Description

We are pleased to present 1507 S Michigan. Originally built in 1903, this building has an excellent unit mix consisting of 6 units that are each $4,500 SQ FT. Chicago's South Loop, a colorful 74-square-block neighborhood that is home to iconic Chicago museums, lakefront parks and popular South Loop event venues, including gourmet restaurants and luxury hotels. South Loop venues are within close proximity to downtown Chicago and features fantastic public transportation options, including access to all four Chicago Transit Authority (CTA) rail lines. The neighborhood is located only eight miles from Midway International Airport and 20 miles from O'Hare International Airport. The Loop, along with the rest of downtown Chicago, is the second largest commercial business district in the United States, after New York City's Midtown Manhattan. The Dearborn Station is the oldest train station still standing in Chicago, which is currently retail and office space. Former warehouses and factory lofts have now been converted to residential buildings. Meanwhile, land vacancies have experienced new townhomes and high-rises developments. South Loop appears to be a magnificent treasure hunt full of views of Lake Michigan. Between the Show Place ICON theater to the Alder Planetarium. There are miles upon miles of family fun and five-star dining restaurants. More than a dozen restaurants and attractions within a five minute walk. Including The Chicago Firehouse Restaurant, AO Hawaiian, Harbor, Victory Tap, Also located in the South Loop is the new hotel and arena at McCormick Place. Please contact Listing agent for Financials and offering memorandum.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-26T20:58:55.943 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1507 S Michigan Avenue Chicago, IL 60605

  • Price: $6,500,000
  • Status: Active
  • On Site: 234 Days
  • Updated: 24 min ago
  • MLS #: 11043311
0
Beds
0
Baths
0
½ Baths
0.38
Acres
29,500
SQFT
$220
$/SQFT
1903
Built
Neighborhood:
Chi - Near South Side
County:
Cook
Area:
Chi - Near South Side
Property Description
We are pleased to present 1507 S Michigan. Originally built in 1903, this building has an excellent unit mix consisting of 6 units that are each $4,500 SQ FT. Chicago's South Loop, a colorful 74-square-block neighborhood that is home to iconic Chicago museums, lakefront parks and popular South Loop event venues, including gourmet restaurants and luxury hotels. South Loop venues are within close proximity to downtown Chicago and features fantastic public transportation options, including access to all four Chicago Transit Authority (CTA) rail lines. The neighborhood is located only eight miles from Midway International Airport and 20 miles from O'Hare International Airport. The Loop, along with the rest of downtown Chicago, is the second largest commercial business district in the United States, after New York City's Midtown Manhattan. The Dearborn Station is the oldest train station still standing in Chicago, which is currently retail and office space. Former warehouses and factory lofts have now been converted to residential buildings. Meanwhile, land vacancies have experienced new townhomes and high-rises developments. South Loop appears to be a magnificent treasure hunt full of views of Lake Michigan. Between the Show Place ICON theater to the Alder Planetarium. There are miles upon miles of family fun and five-star dining restaurants. More than a dozen restaurants and attractions within a five minute walk. Including The Chicago Firehouse Restaurant, AO Hawaiian, Harbor, Victory Tap, Also located in the South Loop is the new hotel and arena at McCormick Place. Please contact Listing agent for Financials and offering memorandum.
Interior Features

Cooling Central Air Heat Ventilation Forced Air Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 29500 Built Before1978 YN Yes Electric Service - 101 To 200 Amps Fire Protection Other Geographic Locale Chicago South Gross Income 0 Gross Scheduled Income 0 Leasable Area 0 Net Operating Income 0 Number Of Tenants 1 Operating Expense 0 Property Offered For Sale Or Rent Rental Price 25 Tax Annual Amount 63909 Tax Year 2019 Tenant Pays Varies By Tenant Type Office/Tech

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Onechicago.


© 2021 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-26T20:58:55.943 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Littlefield Group | Keller Williams Realty
2441 Village Green Place
Champaign IL, 61822