NOT LISTED FOR SALE

1620 S Michigan Ave, Unit 805 Chicago, IL 60616

South Loop Neighborhood

Estimated Value: $390,000 - $494,000

2 Beds
2 Baths
1,278 Sq Ft
$335/Sq Ft Est. Value

Last Sold April 07, 2016

Last sale price $357,550 $280 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,058/month

About This Home

As of April 2016

Desirable South Loop two-bedroom with a huge 500 sq ft private terrace great for entertaining and pets. Enjoy updated kitchen with all new stainless steel appliances, granite island and large bath with whirlpool jacuzzi tub and double vanity sink. Hardwood floors, California closets, custom window treatments and in unit W/D. Pets OK with breed and wait limitations. Steps to Chicago's best dog park and easy access to all transportation, downtown, lakefront, cultural attractions, shopping, dining, entertainment and all the red-hot South Loop has to offer. internet and heat/air included in rent! Heated garage parking additional $250 a month. Don't delay, your awesome, new pad awaits!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2015
Sold by
Hodges Joanne M
Bought by
Federal National Mortgage Association
Current Estimated Value
$428,289

Purchase Details

Closed on
Dec 18, 2007
Sold by
Tierney Melissa
Bought by
Hodges Joanne M and Hodges Calvin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,900
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 2007
Sold by
Hunt Tim
Bought by
Tierney Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,900
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2006
Sold by
1612 S Michigan Development Corp
Bought by
Hunt Tim and Tierney Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Federal National Mortgage Association -- Attorney
Hodges Joanne M $382,000 Cti
Tierney Melissa -- Cti
Hunt Tim $389,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hodges Joanne M $362,900
Previous Owner Hunt Tim $177,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2025 04/19/25 Off Market $3,200 -- --
02/20/2025 02/20/25 For Rent $3,200 +0.8% --
10/18/2022 10/18/22 Rented $3,175 +2.4% --
09/25/2022 09/25/22 For Rent $3,100 0.0% --
04/07/2016 04/07/16 Sold $357,550 -0.7% $280 / Sq Ft
02/11/2016 02/11/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $360,000 -- $282 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,000 $38,600 $4,280 $34,320
2023 $8,000 $38,773 $3,443 $35,330
2022 $8,000 $38,773 $3,443 $35,330
2021 $7,820 $38,772 $3,443 $35,329
2020 $7,083 $31,797 $2,828 $28,969
2019 $6,956 $34,622 $2,828 $31,794
2018 $6,839 $34,622 $2,828 $31,794
2017 $5,141 $23,880 $2,336 $21,544
2016 $4,783 $23,880 $2,336 $21,544
2015 $4,376 $23,880 $2,336 $21,544
2014 $4,024 $21,688 $2,090 $19,598
2013 $3,945 $21,688 $2,090 $19,598
Source: Public Records

Agents Affiliated with this Home

  • Sam Neal

    Seller's Agent in 2022

    Sam Neal

    The Wilcox Company

    (708) 254-2006

    13 Total Sales

    Sam Neal
    Section Image
  • Joe Wilcox

    Seller Co-Listing Agent in 2022

    Joe Wilcox

    The Wilcox Company

    (312) 848-0800

    73 Total Sales

    Joe Wilcox
    Section Image
  • Jason Ortiz

    Buyer's Agent in 2022

    Jason Ortiz

    Infiniti Properties, Inc.

    (773) 727-7253

    10 Total Sales

    Jason Ortiz
    Section Image
  • Vicky Silvano

    Seller's Agent in 2016

    Vicky Silvano

    Real Broker LLC

    (773) 848-1201

    1 in this area

    58 Total Sales

    Vicky Silvano
    Section Image

  • P

    Buyer's Agent in 2016

    Paul Xumsai

    Century 21 S.G.R., Inc.

    (847) 571-7833

    Section Image
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About This Building

Map

Illinois Cook County Chicago 60616 South Loop

1620 S Michigan Ave Unit 805, Chicago, IL

Homes for Sale in Chicago, IL

This home is located at 1620 S Michigan Ave Unit 805, Chicago, IL 60616 and is currently estimated at $428,289, approximately $335 per square foot. 1620 S Michigan Ave Unit 805 is a home located in Cook County with nearby schools including South Loop Elementary School, Wendell Phillips Academy High School, and Perspectives Chtr - Joslin Campus.

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 to be accurate and should be independently verified.