Updated 18 Hours Ago
Highlights
Pet Friendly
- Business center
- On site maintenance
- 24 hour door person
Location
1243 S Michigan Ave, Chicago, IL 60605, USA|South Loop
Tour 1243 S Michigan Ave
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Property Overview
1243 South Michigan Avenue offers exceptional amenities, including a business center, 24-hour door person, and on-site maintenance, ensuring convenience and security. It’s great for those seeking an urban lifestyle with easy access to local attractions and transportation options. The combination of these features enhances the living experience and supports a vibrant community atmosphere.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive
Great for
Pet owners
Amenities for 1243 S Michigan Ave, South Loop
Features
| Freezer | Hardwood Floor |
Appliances
| Dishwasher | Microwave |
| Range/Oven | Refrigerator |
Community
| Business Center | Cats OK |
| Controlled Building | Dogs OK |
| Fitness Center | Onsite Laundry |
| Security Cameras | Wall |
Grounds
| Garage Parking |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 1243 S Michigan Ave
Sweet deal!
This listing is 14% below the median price for 2 bedroom apartments in South Loop.
Property Id: 1475782 *Price is Based off Concession* Some of the amenities include a fitness center, on site maintenance, a business center, dry cleaners, a 24 hour door person, party room. Enjoy this amazing South Loop location! Trader Joes, Target, Jewel and Whole Foods are all down the street, not to mention the museums, shops, restaurants and bars that are right outside your doorsteps. The Roosevelt train stop as well as the Michigan bus are steps away. Walk to Columbia College or hop in the car for easy drive down to University of Chicago in Hyde Park. Parking is available for an additional cost but there is outdoor neighborhood permit parking is also an option just a few blocks away. Call to schedule a showing and don't forget to ask about our other buildings.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 1243 S Michigan Ave, Chicago, IL 60605, USA compares to other nearby properties.
Positives
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
Address details
| Neighborhood | South Loop |
|---|---|
| Zip code | 60605 |
| Type | Condo for rent |
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Rent trends in South Loop
2-bedroom apartments at 1243 S Michigan Ave cost about 14% less than the average rent price for 2-bedroom apartments in Chicago.
Median rents as of Sep 19 2026.
South Loop
Chicago
| Month | Median Rent |
|---|---|
| October 2024 | $2,704 |
| November 2024 | $2,621 |
| December 2024 | $2,508 |
| January 2025 | $2,470 |
| February 2025 | $2,498 |
| March 2025 | $2,508 |
| April 2025 | $2,495 |
| May 2025 | $2,498 |
| June 2025 | $2,498 |
| July 2025 | $2,550 |
| August 2025 | $2,491 |
| September 2025 | $2,419 |
| October 2025 | $2,402 |
| November 2025 | $2,428 |
| December 2025 | $2,348 |
| January 2026 | $2,436 |
| February 2026 | $2,425 |
| March 2026 | $2,537 |
| April 2026 | $2,503 |
| May 2026 | $2,574 |
| June 2026 | $2,595 |
| July 2026 | $2,536 |
| August 2026 | $2,512 |
| September 2026 | $2,525 |
| Month | Median Rent |
|---|---|
| October 2024 | $2,949 |
| November 2024 | $2,961 |
| December 2024 | $2,849 |
| January 2025 | $2,865 |
| February 2025 | $2,947 |
| March 2025 | $3,002 |
| April 2025 | $3,023 |
| May 2025 | $3,154 |
| June 2025 | $3,237 |
| July 2025 | $3,286 |
| August 2025 | $3,168 |
| September 2025 | $3,174 |
| October 2025 | $3,099 |
| November 2025 | $2,982 |
| December 2025 | $2,983 |
| January 2026 | $3,019 |
| February 2026 | $3,075 |
| March 2026 | $3,156 |
| April 2026 | $3,141 |
| May 2026 | $3,217 |
| June 2026 | $3,251 |
| July 2026 | $3,298 |
| August 2026 | $3,283 |
| September 2026 | $3,258 |
Affordability calculator
Can I afford to live at 1243 S Michigan Ave?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$111,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $111,960 annually to afford this 2-bedrooms monthly rent price of $2,799.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 2 years ago | $2,633 | 2 bed | 2 bath | ||
| 9 years ago | $1,511 | 1 bed | 1 bath |
Schools near 1243 S Michigan Ave
South Loop Elementary School
1212 s plymouth ct
chicago, IL, 60605
PK, K-8Public
B+
Bridgeport Child Development Center
3053 s normal ave
chicago, IL, 60616
PKPublic
Chicago Commons Guadalupano Family Center
1814 s paulina ave
chicago, IL, 60608
PKPublic
Ruben Salazar Bilingual Center
160 w wendell st
chicago, IL, 60610
PK, K-8Public
C+
Rudolph Elementary Learning Center
1628 w washington blvd
chicago, IL, 60612
PK, K-7Public
C+
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Internet available near 1243 S Michigan Ave
Neighborhood
South Loop | Chicago, IL
Getting around Chicago near 1243 S Michigan Ave
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 1243 S Michigan Ave, Chicago
Groceries
10/10
Exceptional variety of groceries within a few minutes' walk
Shopping
9/10
Exceptional variety of shops within a few minutes’ walk
Cafes
10/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
10/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
9/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 1243 S Michigan Ave
Sky Grocer
1259 S Michigan Ave
Alfa Foods
1300 S Wabash Ave
Jewel-Osco
1224 S Wabash Ave
Trader Joe's
1147 S Wabash Ave
Lakeview Market Inc
1118 S Michigan Ave
A'neie's Accents & Accessories
1237 S Michigan Ave
Advance Uniform Inc
33 E 13th St
The Dapper Club
1132 S Wabash Ave
H&M
150 W Roosevelt Rd
Target
1154 S Clark St
Dunkin'
1231 S Wabash Ave
Overflow Coffee Bar
1312 S Wabash Ave
Dunkin'
22 E Roosevelt Rd
Stan's Donuts
26 E Roosevelt Rd
Tea Percent
1101 S Wabash Ave
AO Hawaiian Hideout
1315 S Wabash Ave
Victory Tap
1416 S Michigan Ave
Weather Mark Tavern
1503 S Michigan Ave
Honey Berry Pancakes & Cafe
901 S State St
M Lounge
1520 S Wabash Ave
Sweet Bean
1152 S Wabash Ave
Molly's Cupcake
1150 S Wabash Ave
Tea Pot Brew Bakery
1802 S Wabash Ave
Mr Poppa Gourmet Popcorn
800 S Wells St
GNC
1228 S Canal St
Daniel Webster Park
Garden
Park
Garden
Garden
Jimmy John's
1250 S Michigan Ave
Nepal House
1301 S Michigan Ave
My Place Chinese Cuisine
1307 S Wabash Ave
Subway
1212 S Michigan Ave
AO Hawaiian Hideout
1315 S Wabash Ave
Michigan / 13th Street
Roosevelt, Cottage Grove, King Drive, Bronzeville / Union Station
Michigan / 13th Street
King Drive, Bronzeville / Union Station, Cottage Grove
Indiana / 13th Street
Roosevelt
Michigan / Roosevelt
Cottage Grove, Cottage Grove Express, King Drive, Bronzeville / Union Station
Roosevelt / Michigan / Indiana
Roosevelt, Inner Lake Shore / Michigan Express
Museum Campus / 11th St.
South Shore Line, South Shore Line
Museum Campus/11th St.
Metra Electric
18th St.
Metra Electric
Van Buren St.
South Shore Line, South Shore Line, Metra Electric
LaSalle Street
Rock Island
Roosevelt
Green Line, Orange Line, Orange Line, Green Line
Roosevelt
Red Line, Red Line
Harrison
Red Line, Red Line
Lasalle
Blue Line, Blue Line
Harold Washington Library
Purple Line, Brown Line, Orange Line, Pink Line
Other units at this address
1243 S Michigan Ave, Chicago, IL
1243 S Michigan Ave Chicago, IL
Occupied
2062
1 Bed
1 Bath
$1,511
Dishwasher • In-Unit Laundry • High Ceilings • Air Conditioning • Hardwood Floor
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