5+ Days Ago
Highlights
Pet Friendly
Location
1331 S Michigan Ave, Chicago, IL 60605, USA|South Loop
Tour 1331 S Michigan Ave
Contact
Molly Fortune
TurboTenant
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Property Overview
Situated in a prime location, this property offers easy access to city amenities and transportation options. Noteworthy features include the added convenience of parking, enhancing the overall appeal. Ideal for those looking for a vibrant urban lifestyle, it presents opportunities for both living and investment.
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
Middle school nearby- Fireplace
- Images available
Great for
Wellness
Pet owners
Amenities for 1331 S Michigan Ave, South Loop
Apartment Amenities
| Air Conditioning | Dryer |
| Fireplace | Freezer |
| Hardwood Floor |
Appliances
| Dishwasher | Garbage Disposal |
| In-Unit Laundry | Microwave |
| Range/Oven | Refrigerator |
Tech
| Alarm System | Wired For Internet |
Building
| Cats OK | Controlled Building |
| Dogs OK | Fitness Center |
| Security Cameras | Wall |
Grounds
| Garage Parking | Hot Tub/Spa |
| Swimming Pool |
Neighborhood
| Near Parks |
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
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 1331 S Michigan Ave
Property Id: 1644065 *Price is net effective of current promotion* To Apply: $50 application fee and $300 administration fee for background and credit checks. To qualify all applicants must have: -Ability to provide proof of income with past 2 paystubs or 3 months of bank statements that are (minimum&total)3x amount of market rent. -Minimum credit score of 650 with no delinquencies (Co-signers are allowed for assistance in approval). For me to better assist you, please have the answers to the following questions: When is your move date?(is it flexible, if so how far in either direction) Any pets? Need parking? Budget(just rent)? What neighborhoods are you primarily interested in? When are you available for a showing? My service is FREE to you! If this option does not work for you, I would be happy to find one that does. For fastest response, please call or text Molly at 312-805-6567!:)
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 1331 South Michigan Avenue, Chicago, IL 60605, USA compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
- Fireplace
- Upgraded in-unit features available
- Images available
- There are at least 10 photos of this address
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
Address details
| Neighborhood | South Loop |
|---|---|
| Zip code | 60605 |
| Type | Condo for rent |
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Rent trends in South Loop
1-bedroom apartments at 1331 S Michigan Ave cost about 1% less than the average rent price for 1-bedroom apartments in Chicago.
Median rents as of Oct 25 2025.
South Loop
Chicago
| Month | Median Rent |
|---|---|
| November 2023 | $2,063 |
| December 2023 | $2,116 |
| January 2024 | $2,165 |
| February 2024 | $2,174 |
| March 2024 | $2,319 |
| April 2024 | $2,180 |
| May 2024 | $2,248 |
| June 2024 | $2,337 |
| July 2024 | $2,354 |
| August 2024 | $2,210 |
| September 2024 | $2,235 |
| October 2024 | $2,200 |
| November 2024 | $2,118 |
| December 2024 | $1,961 |
| January 2025 | $1,932 |
| February 2025 | $1,991 |
| March 2025 | $2,036 |
| April 2025 | $2,050 |
| May 2025 | $2,040 |
| June 2025 | $2,012 |
| July 2025 | $2,172 |
| August 2025 | $2,064 |
| September 2025 | $1,986 |
| October 2025 | $1,940 |
| Month | Median Rent |
|---|---|
| November 2023 | $2,257 |
| December 2023 | $2,309 |
| January 2024 | $2,292 |
| February 2024 | $2,236 |
| March 2024 | $2,212 |
| April 2024 | $2,271 |
| May 2024 | $2,359 |
| June 2024 | $2,326 |
| July 2024 | $2,294 |
| August 2024 | $2,297 |
| September 2024 | $2,252 |
| October 2024 | $2,272 |
| November 2024 | $2,280 |
| December 2024 | $2,207 |
| January 2025 | $2,194 |
| February 2025 | $2,212 |
| March 2025 | $2,236 |
| April 2025 | $2,288 |
| May 2025 | $2,380 |
| June 2025 | $2,364 |
| July 2025 | $2,507 |
| August 2025 | $2,429 |
| September 2025 | $2,383 |
| October 2025 | $2,321 |
Affordability calculator
Can I afford to live at 1331 S Michigan Ave?
Bedrooms
1 bedroomRent-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
$91,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $91,400 annually to afford this 1-bedroom monthly rent price of $2,285.
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 | |||||
|---|---|---|---|---|---|
| 1 year ago | $1,869 | 1 bed | 1 bath | ||
| 10 years ago | $2,428 | 2 bed | 2 bath | ||
| 10 years ago | $1,906 | 1 bed | 1 bath | ||
| 10 years ago | $2,412 | 2 bed | 2 bath | ||
| 10 years ago | $1,923 | 1 bed | 1 bath | ||
| 10 years ago | $2,426 | 2 bed | 2 bath | ||
| 10 years ago | $1,946 | 1 bed | 1 bath | ||
| 10 years ago | $2,419 | 2 bed | 2 bath | ||
| 10 years ago | $2,447 | 2 bed | 2 bath |
Schools near 1331 S Michigan Ave
South Loop Elementary School
1212 s plymouth ct
chicago, IL, 60605
PK, K-8Public
B+
Ruben Salazar Bilingual Center
160 w wendell st
chicago, IL, 60610
PK, K-8Public
C+
Skinner North Elementary School
640 w scott st
chicago, IL, 60610
K-8Public
A-
Thomas Early Childhood Center
3625 s hoyne ave
chicago, IL, 60609
PKPublic
Ariel Elementary Community Academy
1119 e 46th st
chicago, IL, 60653
PK, K-8Public
C-
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Internet available near 1331 S Michigan Ave
Neighborhood
South Loop | Chicago, IL
NEIGHBORHOOD VIBE
Lively and energetic
You’ll be in the heart of the action in this bustling and vibrant area with plenty of shopping, nightlife, and culture.
Getting around Chicago near 1331 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 1331 S Michigan Ave, Chicago
Groceries
9/10
At least one supermarket within a 5-minute walk
Shopping
9/10
Exceptional variety of shops within a few minutes’ walk
Cafes
8/10
Wide variety of cafés within a few minutes’ walk
Restaurants
9/10
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
6/10
At least one high school within a 20-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
10/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 1331 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
H&M
150 W Roosevelt Rd
LOFT Stores
150 W Roosevelt Rd
Target
1154 S Clark St
francesca's
1127 S Delano Ct E
Overflow Coffee
1449 S Michigan Ave
Overflow Coffee Bar
1312 S Wabash Ave
Dunkin'
1231 S Wabash Ave
Dunkin'
1575 S Michigan Ave
Stan's Donuts
26 E Roosevelt Rd
Square One
1400 S Michigan Ave
Victory Tap
1416 S Michigan Ave
AO Hawaiian Hideout
1315 S Wabash Ave
Weather Mark Tavern
1503 S Michigan Ave
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
GNC
1228 S Canal St
Saint Anna Bakery & Cafe
2158 S Archer Ave
Daniel Webster Park
Coliseum Park
Cotton Tail Park
Mary Richardson Jones Park
Margaret Hie Ding Lin Park
Decadent Chicago
1355 S Michigan Ave
The Chicago Firehouse Restaurant
1401 S Michigan Ave
Chicago Waffles
1400 S Michigan Ave
Victory Pizza Chicago Ilc
1416 S Michigan Ave
Victory Tap
1416 S Michigan Ave
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