Michaels Terrace, a 14-story condominium building completed in 1990, stands as a modern fixture in Chicago's vibrant Old Town neighborhood. With its flat facade, large rectangular windows, and a prominent entrance marked by an overhanging element and vertical accents, the building offers a contemporary aesthetic. Home to 80 units, Michaels Terrace provides a comfortable and convenient urban living experience, blending seamlessly into the eclectic mix of historic and contemporary architecture that characterizes Old Town.
Spacious and Well-Appointed Units
Michaels Terrace offers a range of floor plans, including 1-bedroom and 2-bedroom layouts. The 1-bedroom units, approximately 1,100 square feet, feature 1 bathroom and are designed to maximize space and natural light. The 2-bedroom units range from 907 to 1,150 square feet, each with 2 bathrooms, and are priced between $380,000 and $480,000. These units are known for their open-concept designs, hardwood floors, and floor-to-ceiling windows that flood the spaces with natural light and offer stunning views of downtown Chicago. Many units include modern kitchens with stainless steel appliances, quartz countertops, and breakfast bars, as well as cozy gas fireplaces. Private balconies provide additional outdoor space, perfect for enjoying morning coffee or evening cocktails. In-unit washers and dryers add to the convenience, and the monthly HOA fees, ranging from $500 to $600, cover water, parking, insurance, doorman services, TV/cable, exterior maintenance, scavenger, and snow removal.
Comprehensive Amenities and Services
Michaels Terrace boasts a variety of amenities designed to enhance the living experience of its residents. The building features a rooftop party room and sundeck, offering panoramic views of the city and a perfect setting for social gatherings. A bike room provides secure storage for bicycles, while the front desk staff and 24-hour door staff ensure security and convenience. Additional amenities include a common rooftop deck, a receiving room, and a party room for larger events. Residents also benefit from private storage lockers and attached garage parking. The building is pet-friendly, making it an ideal choice for pet owners. Business services such as additional storage, garage parking, and in-unit laundry further add to the convenience and appeal of living at Michaels Terrace.
Vibrant Old Town Neighborhood
Located in the heart of Old Town, Michaels Terrace offers residents easy access to a lively and diverse community. Old Town is renowned for its comedy institutions, including the famous Second City and Zanies Comedy Night Club, which have launched the careers of many iconic performers. The neighborhood is also home to a dense lineup of dining establishments and boutiques, with popular spots like Topo Gigio Ristorante, Orso’s, and Happy Camper. For grocery shopping, residents can choose from nearby options like Jewel Osco, Aldi, and Mariano's. Lincoln Park, one of the most renowned urban green spaces in the country, borders the neighborhood to the east, offering a myriad of amenities including the Lincoln Park Zoo, Conservatory, and access to Lake Michigan beaches. The park features extensive trails, sports amenities, and a dense natural canopy, making it a popular destination for outdoor activities. Old Town also hosts the annual Old Town Art Fair, attracting artists and visitors from all over the Chicagoland area. The neighborhood's vibrant retail and restaurant scene, combined with its proximity to nature, makes it a highly desirable place to live.
Excellent Transportation Options
Michaels Terrace is well-served by a variety of transportation options, making commuting and getting around the city convenient. The building is located near several bus stops, including Lasalle & Goethe and Clark & Goethe, which are just a short walk away. The Clark/Division Station, serving the Red Line, is about a five-minute walk from the building, providing easy access to the rest of the city. The Sedgwick Station, serving the Brown and Purple Lines, is also within walking distance. For those who prefer to drive, U.S. Highway 41 provides a route to the Chicago Loop, which is approximately four miles south of the neighborhood. Chicago O’Hare International Airport and Chicago Midway International Airport are both about a 25-minute drive away, offering convenient options for air travel. With a high Walk Score, excellent transit options, and bike-friendly streets, Michaels Terrace is ideally situated for residents who value accessibility and convenience.
Collateral AnalyticsCollateral Analytics
Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.
Black Knight®Black Knight
Black Knight’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
First AmericanFirst American
First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.
Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
4/ 10
Very Bikeable
Bike Score®
89/ 100
Walker's Paradise
Walk Score®
99/ 100
Excellent Transit
Transit Score®
88/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Goudy (William) Square Park
7 min walk
Playground
Seward Park
8 min walk
Baseball/Softball
Basketball
Playground
Mariano (Louis) Park
10 min walk
Washington Square Park
11 min walk
Botanical Gardens
Multi-Purpose Field
Stanton Park
13 min walk
Baseball/Softball
Basketball
Pool
Park #598
14 min walk
Oak Street Beach
14 min walk
Bike Trails
Trails
Volleyball
Durso Park
15 min walk
Basketball
Playground
Multi-Purpose Field
Connors Park
15 min walk
Concessions
Multi-Purpose Field
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.
