1515 Michigan Ave Lofts

About the Building

This is just one Chicago condo building in the great South Loop neighborhood that offers quality construction, spacious units and all the modern conveniences you need to live in comfort and modern luxury. Located at 1525 S. Michigan Ave, this development offers 52 individual units with a number of layouts and assigned/deeded parking for residents' vehicles.

In this day and age, there are some essential elements that we just expect to have in our urban dwellings, while other features are an added bonus that make the city lifestyle that much sweeter. The units at 1525 S. Michigan incorporate the basic necessities with a touch of luxury, from the handy building services and facilities to the amenities of your private abode. The building's floorplans, which include anywhere from 1 to 2 bedrooms, come in all different square footages to suit the needs of homeowners with varying family sizes. The average master bedroom is 140 square feet, although some can be as large as 169 square feet. The second bedroom is typically 132 square feet, still a good amount of space for the growing members of the household, or a great spot for the home office. And, in case your family includes a lovable cat or dog (or fish or bird, etc.), the building is pet-friendly.

The price per square foot for property at 1525 S. Michigan is $281. From listing to closing, the standard length of time a unit in this building stays on the market is 82 days. In regards to properties that are currently for sale, the average number of days a 1-bedroom unit has been listed for is around 60. There are currently few 1-bedroom residences available in this South Loop development that maintain an average listing price around just or slightly above the market price. In addition to the upfront price for real estate in this striking residential structure, it's helpful to know how much assessments and taxes are, since you'll be paying those on top of the mortgage. For this particular building, the average assessments are $248 per month and taxes cost $2,545 per year.