310 S Michigan

About the Building

Located across the street from Millennium Park at 310 S Michigan Ave in Chicago's downtown Loop, the Metropolitan Tower has recently become one of the most iconic high-rise condo buildings in Chicago's ever-changing Loop neighborhood. Originally built in 1924 to house an insurance agency, the building was rehabbed and converted for residential use in the fall of 2007.

This beautifully-constructed residential development offers all the modern amenities you need to live in comfort and style in the big city. It houses 210 separate units with general vicinity parking to accommodate residents who own their own vehicles. In addition to the well-maintained craftsmanship of the building, this great dwelling offers several different layouts with varying numbers of bedrooms and unit size.

On average, the residences in this building provide 825 square feet of living space. The choice of floorplans include anywhere from 1 to 3 bedrooms, which can range in area from 132 square feet to 110 square feet. But home isn't only about where you lay your head at night-the rest of the place is just as essential when looking for that perfect abode. The cook in the household will find the kitchens here are divine, covering 80 - 130 square feet of the entire unit. That's enough room to whip up a delicious five-course meal for the occasional dinner party, which can be hosted in the 368 square-foot dining room. And what would a get-together be without a bit of mingling before sitting down to eat? Good thing there's a large 368 square-foot living room to let your guests roam around, and not even have to worry about bumping elbows.

In addition to the unit basics, you'd probably like to know some of the figures behind the fundamentals-more specifically, what's a place like this in the Loop going to cost? Of course, the numbers change depending on the particular unit, but the lowest listing price in the building is $419,900 and the average is $419,900. The latest 1-bedroom place to sell went for a very competitive price around a month back. Now, on top of the asking price, it's important to think about the added expenses residents need to pay in taxes every year. For property in this building, the taxes generally cost between $1,500 and $4,000 annually, so factor that in when calculating that mortgage rate.