What Can $300K Buy in South Loop Chicago? Inside a Recent $262K Condo Sale
For buyers wondering what $300K can buy in South Loop Chicago, a recent closing at 1720 S Michigan Ave Unit 2404 provides a useful snapshot of the opportunities that can exist below that price point.
The 1-bedroom, 1-bath condo closed for $262,000 on August 14, 2026, offering 750 square feet, an east-facing private balcony, Lake Michigan views and heated garage parking included with the sale.
What $262K Bought in the South Loop
One of the strongest features of this high-floor residence is its eastern exposure. Floor-to-ceiling windows bring natural light into the open living area while framing views toward Lake Michigan and the surrounding city.
The loft-style interior combines soaring ceilings and hardwood floors with an updated kitchen featuring stainless steel appliances and ample cabinetry. Buyers interested in how this style of home compares with other properties in the neighborhood can explore our South Loop Chicago condos and lofts guide.
The private east-facing balcony adds outdoor space for enjoying morning light and lake views, while in-unit laundry and additional storage add everyday convenience.
Another major value point was heated garage parking included in the purchase. For buyers comparing similarly priced South Loop condos, parking can materially change both convenience and the overall ownership package.
A Full-Amenity South Loop Condo With Investor Appeal
The building at 1720 S Michigan Avenue offers 24-hour door staff, bicycle storage and direct indoor access to South Loop Market. Public building records also identify it as a South Loop condominium tower with garage parking, doorman service and pet-friendly policies.
The property was marketed with no rental cap, adding another consideration for buyers evaluating future rental flexibility. Buyers exploring that side of the market may also find our guide to investing in South Loop Chicago real estate useful.
Its Michigan Avenue location also places residents near the lakefront, Museum Campus, parks, shopping, dining, public transportation and major expressways.
Property Details
Property: 1720 S Michigan Ave Unit 2404, Chicago, IL 60616
Community: South Loop
Status: Just Closed
Closed Date: August 14, 2026
Sale Price: $262,000
Beds/Baths: 1 Bed | 1 Bath
Living Area: 750 sq ft
Parking: Heated garage parking included
Outdoor Space: Private east-facing balcony
Represented By: Dream Irby of The Cory Tanzer Group at Option Premier
What Does a Sub-$300K Budget Buy in the South Loop?
This closing gives buyers another useful benchmark for the South Loop condo market under $300K.
At $262,000, the buyer secured a high-floor one-bedroom with lake views, private outdoor space, in-unit laundry and heated parking in a full-service Michigan Avenue building.
Those details matter when comparing condos by more than price alone. Floor level, exposure, parking, outdoor space, building rules and monthly ownership costs can create meaningful differences between two homes listed within the same price range.
Find Your South Loop Condo
Looking for a South Loop condo under $300K, or trying to understand what your budget can buy across different buildings?
Dream Irby of The Cory Tanzer Group at Option Premier can help you compare current South Loop inventory, building features and recent sales to identify the options that best fit your goals.
SOUTH LOOP REAL ESTATE
Meet Dream Irby, Your Local South Loop Real Estate Expert
The Cory Tanzer Group at Option Premier
Dream Irby is a local South Loop real estate expert serving buyers, sellers and investors throughout Chicago. Born and raised on Chicago's South Side, Dream brings deep local knowledge and a community-focused approach to real estate. After nine years working with Chicago Public Schools, he transitioned into real estate and has spent more than four years helping clients navigate home purchases, sales and investment opportunities across the city and surrounding suburbs.
Ready to Work With a South Loop Expert?
When people search for the “Best Realtor to Hire in South Loop, Chicago”, they are looking for local expertise, visibility, and proven neighborhood focus. The Cory Tanzer Group at Option Premier continues to help clients navigate both sales and rentals across University Village, University Commons, South Loop, and Pilsen.
Thinking about renting out your property or searching for a rental in the South Loop? Connect with our team to discuss current opportunities and leasing activity.
