Zumper
modified
5+ Days Ago

Highlights

  • Pet Friendly
  • High-end stainless steel appliances
  • Gourmet kitchen
  • Cozy fireplace
  • Spacious bedrooms
  • Granite countertops
  • Well-maintained building

Location

1631 S Michigan Ave #401, Chicago, IL 60616, USA|South Loop

Tour 1631 S Michigan Ave #401

Contact

pmc-logo

Julia Denisova

NORTH SHORE PRESTIGE REALTY

(844) 336-1024 ext. 6882

Property Overview

With high-end stainless steel appliances and a gourmet kitchen, the interior is designed for both functionality and style. The spacious bedrooms and cozy fireplace enhance comfort, while granite countertops add a touch of elegance. Additionally, the well-maintained building contributes to a desirable living environment in a prime Chicago location.

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

  • More space
  • Fireplace
  • Walk-in closet

Great for

  • Pet owners

Amenities for 1631 S Michigan Ave #401, South Loop

Apartment Amenities

FireplaceWalk-in Closet

Appliances

In-Unit Laundry

Building

Cats OKDogs OK
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?

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About 1631 S Michigan Ave #401

HomeApartments in ChicagoSouth Loop 1631 S Michigan Ave #401, Chicago, IL 60616, USA

Live in style in this stunning loft-style condo at 1631 S Michigan Ave, Chicago, IL 60616. This spacious 2-bedroom, 2-bath home offers approximately 1,250 sq ft of open-concept living space with 12-ft ceilings and exposed brick accents. Enjoy a large living/dining area with a cozy fireplace, perfect for entertaining. The gourmet kitchen features granite countertops, a large center island, 42″ cabinets, and high-end stainless steel appliances. Both bedrooms are generously sized, and the primary suite includes a walk-in closet and spa-like bath. Located in a pet-friendly, well-maintained building with strong reserves and no special assessments. Walk to the lakefront, Soldier Field, CTA, restaurants, and shops. Garage parking available (confirm availability). Available: Immediately Lease Term: 12+ months preferred Utilities: Tenant pays electric Pets: Allowed with owner approval Highlights: ✅ Loft style with historic character ✅ Granite & stainless steel kitchen with island ✅ Fireplace & tall windows for great natural light ✅ Spacious bedrooms & baths ✅ Prime South Loop location, close to everything Contact: Schedule a showing today! The BEST compliment I can receive is your referrals!  Finding your place in the world.


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 1631 S Michigan Ave, Chicago, IL 60616, USA compares to other nearby properties.

Positives

More space
The 2-bedroom is 150 sqft larger than other listings nearby
Fireplace
Upgraded in-unit features available
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
No covered parking
Garage or covered parking isn't listed as an amenity here
No in-unit dishwasher
Dishwashers aren't available

Address details

NeighborhoodSouth Loop
Zip code60616
TypeCondo for rent

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Rent trends in South Loop

2-bedroom apartments at 1631 S Michigan Ave #401 cost about 7% less than the average rent price for 2-bedroom apartments in Chicago.

Median rents as of Nov 29 2025.
South Loop
Chicago
A table of 2-bedroom apartment rental data trends in Chicago
MonthMedian Rent
December 2023$2,685
January 2024$2,724
February 2024$2,722
March 2024$2,929
April 2024$2,662
May 2024$2,648
June 2024$2,764
July 2024$2,862
August 2024$2,702
September 2024$2,706
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
A table of 2-bedroom apartment rental data trends in South Loop
MonthMedian Rent
December 2023$3,022
January 2024$2,992
February 2024$3,026
March 2024$3,033
April 2024$2,899
May 2024$2,995
June 2024$2,978
July 2024$3,020
August 2024$2,932
September 2024$2,978
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

Affordability calculator

Can I afford to live at 1631 S Michigan Ave #401?

Bedrooms

2 bedrooms

Rent-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

$112,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $112,000 annually to afford this 2-bedrooms monthly rent price of $2,800.
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.
Check out the past listing prices for monthly rent at 1631 S Michigan Ave, Chicago, IL.
3 months ago$2,8502 bed2 bath
1 year ago$2,0001 bed1 bath
2 years ago$2,0001 bed1 bath
2 years ago$2,0001 bed1 bath
2 years ago$2,0001 bed1 bath
2 years ago$2,0001 bed1 bath
2 years ago$2,0001 bed1 bath
2 years ago$2,0001 bed1 bath
2 years ago$2,1501 bed1 bath

Schools near 1631 S Michigan Ave #401

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 1631 S Michigan Ave #401

Getting around Chicago near 1631 S Michigan Ave #401

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

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 1631 S Michigan Ave #401, Chicago

Groceries

9/10
At least one supermarket within a 5-minute walk

Shopping

8/10
Wide variety of shops within a few minutes' walk

Cafes

8/10
Several cafés within a few minutes’ walk

Restaurants

9/10
Exceptional variety of restaurants within a few minutes’ walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

8/10
At least one high school within a 15-minute walk

Parks

9/10
Very large amount of park space within a few minutes' walk

Nightlife

8/10
Several bars within a few minutes’ walk

Explore the area around 1631 S Michigan Ave #401

South Loop Market
1720 S Michigan Ave
Lafrique Market
2011 S State St
Mariano's
1615 S Clark St
Southloop Market
2135 S Michigan Ave
Alfa Foods
1300 S Wabash Ave

Other units at this address

1631 S Michigan Ave Chicago, IL

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A 1-bedroom loft with a spacious open floor plan including 990 square feet of living space; features hardwood floors and high ceilings throughout, with luxury finishes including exposed brick walls / ductwork, a full wall of windows, gas fireplace, and even a 6-foot soaker tub. The unit also features a washer and dryer, an office nook, and a sleek contemporary kitchen complete with a dishwasher, microwave, and garbage disposal, as well as a breakfast bar and plenty of cabinet space. Stay comfortable all year round with radiant floor heat, central air and ceiling fans, and in the warmer months, enjoy the outdoors from a balcony overlooking Michigan Avenue. Pets are negotiable, and the 60-unit midrise building also offers bike storage, package receiving, and plenty of other amenities. Garage parking is available, and cable and internet are both included. What's more, this great location puts you just minutes from the Loop, close to Metra and the CTA, and a short walk from the Museum Campus, Soldier Field, and the lake.

Occupied

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1 Bed

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Occupied

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Occupied

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Occupied

00306Y

1 Bed

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Occupied

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Occupied

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Occupied

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Occupied

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Occupied

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Days on market: 2270
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Occupied

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Occupied

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2 Beds

1.5 Baths

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This loft style 2 bed 1.5 bath in South Loop is close to everything you need. This location offers multiple grocery stores within a .5 - 1 mile radius, public transit within walking distance, and easy access to Lakeshore Dr / highways. Key fob entry with a well maintained building. The unit has an open floor plan with the balcony off the living space. Both bedrooms can accommodate a queen size bed and additional furniture. Great closet space.

Occupied

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2 Beds

2 Baths

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Days on market: 2154
Look no further! 2 bedroom/2 bathroom loft for rent in the heart of the South Loop on Michigan Ave! Walking distance to the lake, Soldier Field, museums, CTA trains and buses, and grocery stores. Sunny and spacious SW corner unit with high ceiling, open floor plan, large premium kitchen with granite counter-tops and new stainless steel appliances. Unit has a private balcony. Huge master suite with walk in custom closet and updated master bathroom. Washer/dryer in unit. Rent includes gas, heat, cable/internet, large storage unit, bike locker room. INDOOR HEATED PARKING available for an extra $150/month. Pets considered on a case by case basis, negotiable. Available immediately. Listed by Mihai Bora, Optimus Realty Inc

Occupied

509

2 Beds

2 Baths

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Days on market: 2284
This spacious, 2 bed 2 bath South Loop loft has just what you are looking for!! Hardwood floors, high ceilings and a fireplace! Lots of natural light floods the living room and open concept kitchen that features nice appliances and an island. Great sized balcony, perfect for grilling. Large master bedroom with ensuite. Entryway foyer space is a huge bonus!! Cable/internet, bike room, and additional storage unit is included !! Don't miss out on this perfect South Loop location, tons of dining and entertainment options, steps to Mariano's, Soldier Field, Museum Campus, and the lake!! *One time Move in fee of $500.00 is required *Available Now * ,Parking Additional $150.00. Listed by Violeta Jako-Ostojic, @properties

Occupied

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2 Beds

2 Baths

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Days on market: 2263
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Occupied

510

2 Beds

2 Baths

$2,450

Listed by Zumper Select
Days on market: 2992
This spacious, 2 bed 2 bath South Loop loft has just what you are looking for!! Gleaming hardwood floors, high ceilings, track lighting, and a fireplace! Lots of natural light floods the living room and open concept kitchen that features stainless steel appliances and granite counter tops. Great sized balcony, perfect for grilling. Large master bedroom with ensuite. Entryway foyer space is a huge bonus!! Garage parking space and storage included!! Don't miss out on this perfect South Loop location, tons of dining and entertainment options, steps to Marriano's, Soldier Field, Museum Campus, and the lake!! *Security Deposit Equivalent to 1 Month's Rent *Available Now *Cable/Internet *Gas/Heat Included *Parking Included *Storage Included *Email Communication Preferred

Occupied

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2 Beds

3 Baths

$2,495

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Days on market: 2374
Another fabulous listing by Tomas Echeverri with Renters Warehouse IL! Available ASAP. This spacious, 2 bed 2 bath South Loop loft has just what you are looking for!! Gleaming hardwood floors, high ceilings, track lighting, and a fireplace! Lots of natural light floods the living room and open concept kitchen that features stainless steel appliances and granite counter tops. Great sized balcony, perfect for grilling. Large master bedroom with ensuite. Entryway foyer space is a huge bonus!! Don't miss out on this perfect South Loop location, tons of dining and entertainment options, steps to Mariano's, Soldier Field, Museum Campus, and the lake!! $65 app fee/adult, $150 lease admin fee, $7/mo reporting fee. Rent $2595/mo for 12 mo lease, $2494/mo for 24 mo lease. Security Deposit Equivalent to 1 Mo Rent. Cable/Internet/Gas/Heat Included, Parking Included, Storage Included. Move-in funds due 48 hours of lease signing. Call (312) 548-9031 for showings.

Occupied

505

2 Beds

2 Baths

$2,500

Listed by Cynthia Grush
Days on market: 1787
Tandem lofts is a boutique style loft building in the south loop. This unique 2br/2ba + office area offers a ton of natural light and is open and spacious. Custom kitchen with a modern flair includes all stainless steel appliances, lots of cabinets and an open bar that can seat 6. Quartz flooring in living spaces and a south facing balcony. Master-bath boasts of huge walk-in closet and changing area. Office space, in unit laundry and an assigned parking spot in gated parking area. Heat/ac and basic cable included.

Occupied

205

2 Beds

2 Baths

$2,750

Listed by Zumper Select
Days on market: 2208
Bright and spacious 2 bed/ 2 bath corner unit with 2 private balconies at Tandem Lofts in Chicago's vibrant South Loop. Amazing space with great character accented by high ceilings, exposed brick and floor to ceiling windows. The spilt floorplan offers privacy with a functional layout. Open concept living area features a cozy fireplace, large kitchen space with island, granite countertops, stainless appliances, separate dining area and balcony access. The Master suite features a walk-thru closet area and dual vanity with soaking tub. Rent includes water, heat, cooking gas, cable and Internet. Garage Parking INCLUDED. Close to transportation, parks, the Lake, Soldier Field, restaurants, shopping and nightlife. Click link for 3D walkthru! Listed by Charles Gullett, Best Chicago Properties, LLC

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Kenwood • 5035 South East End Avenue

1–3 Beds

$1,860–$5,818

dogs and cats ok
Yes
fitness center
Yes
on-site laundry
Yes
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Eugenie Terrace on the Park

Our team has verified this company

Lincoln Park • 1730 North Clark Street

1 Bed

$2,781–$4,277

dogs and cats ok
Yes
fitness center
Yes
on-site laundry
Yes
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5252

Our team has verified this company

Hyde Park • 5252 South Cornell Avenue

1 Bed

$2,680–$5,633

dogs and cats ok
Yes
fitness center
Yes
on-site laundry
Yes
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13thirteen Randolph Street Lofts

Our team has verified this company

Near West Side • 1313 West Randolph Street

2 Beds

$2,945–$3,119

dogs and cats ok
Yes
fitness center
Yes
on-site laundry
No

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