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1620 S Michigan Ave1620 S Michigan Ave, Chicago, IL 60616, USA
| Monthly rent | $1,750–$2,395 |
|---|---|
| Beds | Studio–2 |
| Baths | 1 |
| Sqft | 550–915 |
2 Bed 1 bath unit
Address details
| Units | 103 |
|---|---|
| Units available | 3 |
| Neighborhood | |
| City | |
| Zip code | 60616 |
Property Overview
Situated in a high-value area, the home ranks in the 95th percentile for price per square foot compared to nearby properties. A substantial set of 128 listing photos provides an in-depth visual understanding of the space and finishes. The location is also convenient to a top-rated middle school less than a third of a mile away.
Things you’ll love
More space- Middle school nearby
- Elevator
Great for
Pet owners
Highlights
- high-end stainless steel appliances
- hardwood floors
- floor-to-ceiling windows
- sleek kitchen
- granite countertops
- ample closet space
Units
New Listing
613
Studio
1 Bath
$1,750
Dishwasher • In-Unit Laundry • Hardwood Floor
Available
525
2 Beds
1 Bath
$2,350
High Ceilings • Hardwood Floor • Assigned Parking • In-Unit Laundry • Balcony
New Listing
825
2 Beds
1 Bath
$2,395
Balcony • Hardwood Floor • On-Site Laundry
Amenities for 1620 S Michigan Ave
Some units at this address have these amenities. View unit details for more information.
- Dogs Ok
- Cats Ok
- Package Service
- Garage Parking
- On-Site Laundry
- Storage
- Elevator
- On-Site Management
- Outdoor Space
- Wheelchair Accessible
- Door Person
- Fitness Center
- Roof Deck
- Controlled Access
- Balcony
- Hardwood Floor
- On-Site Laundry
- Dishwasher
- In-Unit Laundry
- High Ceilings
- Assigned Parking
- Walk-In Closets
- Air Conditioning
- Carpet
- Central Heat
- Furnished
- Deck
- Fireplace
- Ceiling Fan
- Cable
- Microwave
Policies at 1620 S Michigan Ave
Applicants
Applicants
One-time.
REQUIRED FEES
Security Deposit
One-time. Refundable.
Parking Policy
Garage Parking
Assigned Parking
Cat Policy
Large Dog Policy
Small Dog Policy
Questions about this property’s policies and fees?
About 1620 S Michigan Ave
Check out this fantastic property located at 1620 S Michigan Ave in the heart of Chicago's South Loop! This 102-unit building offers studio and 2-bedroom options, ranging in size from 550 to 915 square feet. Residents enjoy top-notch amenities, including a fitness center and gym, onsite pool and spa, balcony or patio, high-speed internet, and ample storage. Inside, units feature high-end stainless steel appliances, hardwood floors, floor-to-ceiling windows, sleek kitchens with granite countertops, and generous closet space. Plus, with location, you'll be near top-rated schools, including a highly-rated elementary and middle school. One of the biggest advantages of this property is its proximity to everything the South Loop has to offer!
Address details
| Units | 103 |
|---|---|
| Units available | 3 |
| Neighborhood | |
| City | |
| Zip code | 60616 |
1620 S Michigan Ave #825 is great for:
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 1620 S Michigan Ave, Chicago, IL 60616, USA compares to other nearby properties.
Positives
- More space
- Studio is 144 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 0.3 mile away
- Elevator
- Improved accessibility features
- Extra Storage
- Upgraded in-unit features
- Images available
- There are at least 10 photos of this address
- Package service
- More secure storage for delivery
- Walk-in closet
- Rentals here may include more closet space than average
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
Get the latest listings anytime, anywhere
Rent trends in Chicago
Studio apartments at 1620 S Michigan Ave #825 cost about 18% less than the average rent price for studios in South Loop.
If you decide to upgrade your space, you can expect 2-bedrooms at 1620 S Michigan Ave #825 to be 24% less than the average for similarly sized apartments in South Loop.
| Month | Median Rent |
|---|---|
| May 2024 | $1,751 |
| June 2024 | $1,764 |
| July 2024 | $1,931 |
| August 2024 | $1,691 |
| September 2024 | $1,682 |
| October 2024 | $1,630 |
| November 2024 | $1,568 |
| December 2024 | $1,501 |
| January 2025 | $1,483 |
| February 2025 | $1,495 |
| March 2025 | $1,520 |
| April 2025 | $1,512 |
| May 2025 | $1,502 |
| June 2025 | $1,531 |
| July 2025 | $1,580 |
| August 2025 | $1,516 |
| September 2025 | $1,473 |
| October 2025 | $1,495 |
| November 2025 | $1,520 |
| December 2025 | $1,495 |
| January 2026 | $1,496 |
| February 2026 | $1,516 |
| March 2026 | $1,657 |
| April 2026 | $1,637 |
| Month | Median Rent |
|---|---|
| May 2024 | $2,007 |
| June 2024 | $2,014 |
| July 2024 | $2,073 |
| August 2024 | $1,979 |
| September 2024 | $1,998 |
| October 2024 | $2,084 |
| November 2024 | $2,017 |
| December 2024 | $1,937 |
| January 2025 | $1,892 |
| February 2025 | $1,930 |
| March 2025 | $1,935 |
| April 2025 | $1,951 |
| May 2025 | $2,032 |
| June 2025 | $2,075 |
| July 2025 | $2,136 |
| August 2025 | $2,086 |
| September 2025 | $2,092 |
| October 2025 | $2,053 |
| November 2025 | $1,929 |
| December 2025 | $2,027 |
| January 2026 | $2,070 |
| February 2026 | $2,105 |
| March 2026 | $2,094 |
| April 2026 | $2,128 |
Affordability calculator
Can I afford to live at 1620 S Michigan Ave?
Bedrooms
Rent-to-income ratio
30%
$70,000/yr
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| This month | $2,600 | 2 bed | 1 bath | ||
| This month | $1,800 | Studio | 1 bath | ||
| This month | $2,150 | 2 bed | 1 bath | ||
| This month | $2,400 | 2 bed | 1 bath | ||
| 3 months ago | $2,300 | 2 bed | 1 bath | ||
| 3 months ago | $2,900 | 2 bed | 2 bath | ||
| 3 months ago | $2,300 | 2 bed | 1 bath | ||
| 4 months ago | $3,500 | 2 bed | 2 bath | ||
| 4 months ago | $2,750 | 2 bed | 2 bath |
Schools near 1620 S Michigan Ave #825
South Loop Elementary School
1212 s plymouth ct
chicago, IL, 60605
Bridgeport Child Development Center
3053 s normal ave
chicago, IL, 60616
Chicago Commons Guadalupano Family Center
1814 s paulina ave
chicago, IL, 60608
Bronzeville Classical Elementary School
8 w root st
chicago, IL, 60609
Rudolph Elementary Learning Center
1628 w washington blvd
chicago, IL, 60612
Getting around Chicago near 1620 S Michigan Ave
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Points of interest for 1620 S Michigan Ave, Chicago
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Explore the area around 1620 S Michigan Ave
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