Mark Allen Realty ERA PoweredJohn Li, Broker · Chicago, IL
LINCOLN PARK $376 / sq ftLINCOLN PARK INDEX 117.0 preliminaryNEAR NORTH $383 / sq ftTHE LOOP $365 / sq ftSOUTH LOOP $352 / sq ftUPTOWN $246 / sq ft
Home / South Loop / Prairie House
South Loop · building profile

Prairie House

1515 S Prairie Ave
Condominium 15 stories186 unitsBuilt 2003

Over the last 24 months, sales here closed at a median $331 per sq ft, 6% below the South Loop median ($352). HOA dues ran $0.76 per sq ft a month, 19% above the South Loop median ($0.64). Units leased in a median 17 days (neighborhood: 16 days).

2545 S Dearborn St · 7 stories · built 19252024 S Wabash Ave · 7 stories · built 1913320 E 21st St · 8 stories · built 1927221 E Cullerton St · 11 stories · built 20022001 S Calumet Ave · 7 stories · built 1973212 E Cullerton Ave · 13 stories · built 20021901 S Calumet Ave · 30 stories · built 20091845 S Michigan Ave · 20 stories · built 20031841 S Calumet Ave · 23 stories · built 20061819 S Michigan Ave · 12 stories · built 20071801 S Michigan Ave · 7 stories · built 19011717 S Prairie Ave · 23 stories · built 20041720 S Michigan Ave · 33 stories · built 20071620 S Michigan Ave · 12 stories · built 20051629 S Prairie Ave · 32 stories · built 20071600 S Prairie Ave · 24 stories · built 20041600 S Indiana Ave · 19 stories · built 200850 E 16th St · 14 stories · built 20081530 S State St · 18 stories · built 200261 W 15th St · 10 stories · built 19991529 S State St · 23 stories · built 20001503 S State St · 8 stories · built 18941516 S Wabash Ave · 11 stories · built 19201515 S Prairie Ave · 15 stories · built 20035 E 14th Pl · 17 stories · built 19981464 S Michigan Ave · 24 stories · built 20081400 S Michigan Ave · 28 stories · built 20061345 S Wabash Ave · 15 stories · built 2014100 E 14th St · 33 stories · built 20081322 S Wabash Ave · 10 stories · built 19081335 S Prairie Ave · 20 stories · built 20031322 S Prairie · 20 stories · built 20021305 S Michigan Ave · 21 stories · built 20051307 S Wabash Ave · 7 stories · built 1961125 E 13th St · 15 stories · built 2004233 E 13th St · 26 stories · built 20041250 S Michigan Ave · 29 stories · built 20031255 S State St · 19 stories · built 20071235 S Prairie Ave · 36 stories · built 20061250 S Indiana Ave · 14 stories · built 20041211 S Prairie Ave · 62 stories · built 20061201 S Prairie Ave · 53 stories · built 2008
The numbers · Oct 2024 – Sep 2026

What units sell and rent for

Medians of this building's closed MLS sales and leases. The range is a 90% interval; a figure is shown only when the building has enough records.

Price per sq ft
$331
90% range $312–$350 · 18 sales
Median monthly rent
$2,650
90% range $2,400–$3,000 · 9 leases
HOA dues
$0.76/ sq ft / mo
90% range $0.74–$0.81 · 17 sales
Activity · 24 months
19sales
9 leases
Leases: typical time to lease 17 days
Turnover 5.1% per year of units
Building facts · Oct 2024 – Sep 2026

What listings say about the building

From this building's MLS sale and lease listings; a fact appears only when most listings agree. Rules change, and the association's documents are the authority.

Pets
Cats and dogs allowed; listings often note limits on number or weight · 29 listings
Owners may lease
Yes · 16 listings
Parking
Usually included in the sale price (22 listings); deeded spaces typically $25,000 (10 listings)
Dues usually include
Heat, air conditioning, gas, water, TV/cable, internet, doorman, exercise facilities; plus insurance, exterior maintenance, scavenger, snow removal, lawn care · 22 listings
Amenities
Door staff, on-site manager / engineer, elevator, exercise room, sundeck, party room, storage, bike room, service elevator · 31 listings
Management
On-site manager · 18 listings
Getting around

Trains and buses nearby

The closest CTA 'L' stations and the bus routes a few minutes' walk away. Walking times are estimates from straight-line distance.

'L' stations
  • Roosevelt Red, Green, Orange
    about 14 min walk · 0.7 mi · step-free access
  • Cermak-McCormick Place Green
    about 18 min walk · 0.9 mi · step-free access
  • Cermak-Chinatown Red
    about 21 min walk · 1.0 mi · step-free access
Bus routes within about a 6-minute walk

13412

Transit data: Chicago Transit Authority, via the City of Chicago Data Portal ('L' stops; bus stops as of 2022). Not affiliated with or endorsed by CTA. Check transitchicago.com for current routes and service.

Unit types

Unit types observed in historical MLS records

141 bedlatest Sep 2026
162 bedlatest Sep 2026
73+ bedlatest Sep 2026

MLS records from 2024 to Sep 2026 identify 37 distinct units with bedroom information; each unit is counted once. This is not a verified breakdown of the building's 186 units on Assessor records: units that never appeared in the MLS are not shown, and a unit's layout may have changed since its last record. Not enough evidence yet to estimate the full unit mix.

TypeMedian sale priceMedian rentSales · leases, 24 moSouth Loop median rentSouth Loop price / sq ft
1 bed too few too few 6 · 5 $2,300 $344
2 bed $397,500 too few 10 · 3 $3,050 $346
3+ bed too few too few 3 · 1 $4,600 $411

This building's medians are shown only with at least 8 records of that type in 24 months. The South Loop columns are neighborhood medians for the same unit type, for reference — not figures for this building.

Stack plan

Every line, every floor

One cell per unit on Cook County Assessor records, by unit line (columns) and floor (rows). Column heads: the line's typical size and the direction its listings usually face.

Exposure
01–021,250N/Wlake03–04890S05–061,250S/Elake07–081,290Elake09–101,120Elake11–12–13–14–15–16–17–18–19–sq ftfaces141052Line 01, floor 2: Mixed / not recordedLine 02, floor 2: Faces west (city side)Line 01, floor 4: Mixed / not recordedLine 03, floor 4: Mixed / not recordedLine 04, floor 4: Faces north or southLine 05, floor 4: Mixed / not recordedLine 06, floor 4: Faces east (lake side)Line 07, floor 4: Mixed / not recordedLine 08, floor 4: Faces east (lake side)Line 10, floor 4: Faces east (lake side)Line 11, floor 4: Mixed / not recordedLine 12, floor 4: Mixed / not recordedLine 13, floor 4: Mixed / not recordedLine 14, floor 4: Mixed / not recordedLine 15, floor 4: Mixed / not recordedLine 16, floor 4: Mixed / not recordedLine 17, floor 4: Mixed / not recordedLine 18, floor 4: Mixed / not recordedLine 19, floor 4: Mixed / not recordedLine 01, floor 5: Mixed / not recordedLine 02, floor 5: Faces west (city side)Line 03, floor 5: Mixed / not recordedLine 04, floor 5: Faces north or southLine 05, floor 5: Mixed / not recordedLine 06, floor 5: Faces east (lake side)Line 07, floor 5: Mixed / not recordedLine 08, floor 5: Faces east (lake side)Line 09, floor 5: Mixed / not recordedLine 10, floor 5: Faces east (lake side)Line 11, floor 5: Mixed / not recordedLine 12, floor 5: Mixed / not recordedLine 13, floor 5: Mixed / not recordedLine 14, floor 5: Mixed / not recordedLine 15, floor 5: Mixed / not recordedLine 16, floor 5: Mixed / not recordedLine 17, floor 5: Mixed / not recordedLine 18, floor 5: Mixed / not recordedLine 19, floor 5: Mixed / not recordedLine 01, floor 6: Mixed / not recordedLine 02, floor 6: Faces west (city side)Line 03, floor 6: Mixed / not recordedLine 04, floor 6: Faces north or southLine 05, floor 6: Mixed / not recordedLine 06, floor 6: Faces east (lake side)Line 07, floor 6: Mixed / not recordedLine 08, floor 6: Faces east (lake side)Line 09, floor 6: Mixed / not recordedLine 10, floor 6: Faces east (lake side)Line 11, floor 6: Mixed / not recordedLine 12, floor 6: Mixed / not recordedLine 13, floor 6: Mixed / not recordedLine 14, floor 6: Mixed / not recordedLine 15, floor 6: Mixed / not recordedLine 16, floor 6: Mixed / not recordedLine 17, floor 6: Mixed / not recordedLine 18, floor 6: Mixed / not recordedLine 19, floor 6: Mixed / not recordedLine 01, floor 7: Mixed / not recordedLine 02, floor 7: Faces west (city side)Line 03, floor 7: Mixed / not recordedLine 04, floor 7: Faces north or southLine 05, floor 7: Mixed / not recordedLine 06, floor 7: Faces east (lake side)Line 08, floor 7: Faces east (lake side)Line 09, floor 7: Mixed / not recordedLine 10, floor 7: Faces east (lake side)Line 11, floor 7: Mixed / not recordedLine 12, floor 7: Mixed / not recordedLine 13, floor 7: Mixed / not recordedLine 14, floor 7: Mixed / not recordedLine 14, floor 7: Mixed / not recordedLine 15, floor 7: Mixed / not recordedLine 16, floor 7: Mixed / not recordedLine 17, floor 7: Mixed / not recordedLine 18, floor 7: Mixed / not recordedLine 19, floor 7: Mixed / not recordedLine 01, floor 8: Mixed / not recordedLine 02, floor 8: Faces west (city side)Line 03, floor 8: Mixed / not recordedLine 04, floor 8: Faces north or southLine 05, floor 8: Mixed / not recordedLine 06, floor 8: Faces east (lake side)Line 07, floor 8: Mixed / not recordedLine 08, floor 8: Faces east (lake side)Line 09, floor 8: Mixed / not recordedLine 10, floor 8: Faces east (lake side)Line 11, floor 8: Mixed / not recordedLine 12, floor 8: Mixed / not recordedLine 13, floor 8: Mixed / not recordedLine 14, floor 8: Mixed / not recordedLine 15, floor 8: Mixed / not recordedLine 16, floor 8: Mixed / not recordedLine 17, floor 8: Mixed / not recordedLine 18, floor 8: Mixed / not recordedLine 19, floor 8: Mixed / not recordedLine 01, floor 9: Mixed / not recordedLine 02, floor 9: Faces west (city side)Line 03, floor 9: Mixed / not recordedLine 04, floor 9: Faces north or southLine 05, floor 9: Mixed / not recordedLine 06, floor 9: Faces east (lake side)Line 07, floor 9: Mixed / not recordedLine 08, floor 9: Faces east (lake side)Line 09, floor 9: Mixed / not recordedLine 10, floor 9: Faces east (lake side)Line 11, floor 9: Mixed / not recordedLine 12, floor 9: Mixed / not recordedLine 13, floor 9: Mixed / not recordedLine 14, floor 9: Mixed / not recordedLine 15, floor 9: Mixed / not recordedLine 16, floor 9: Mixed / not recordedLine 17, floor 9: Mixed / not recordedLine 01, floor 10: Mixed / not recordedLine 02, floor 10: Faces west (city side)Line 03, floor 10: Mixed / not recordedLine 04, floor 10: Faces north or southLine 06, floor 10: Faces east (lake side)Line 07, floor 10: Mixed / not recordedLine 08, floor 10: Faces east (lake side)Line 10, floor 10: Faces east (lake side)Line 11, floor 10: Mixed / not recordedLine 13, floor 10: Mixed / not recordedLine 14, floor 10: Mixed / not recordedLine 16, floor 10: Mixed / not recordedLine 17, floor 10: Mixed / not recordedLine 18, floor 10: Mixed / not recordedLine 19, floor 10: Mixed / not recordedLine 01, floor 11: Mixed / not recordedLine 02, floor 11: Faces west (city side)Line 03, floor 11: Mixed / not recordedLine 04, floor 11: Faces north or southLine 06, floor 11: Faces east (lake side)Line 07, floor 11: Mixed / not recordedLine 08, floor 11: Faces east (lake side)Line 10, floor 11: Faces east (lake side)Line 11, floor 11: Mixed / not recordedLine 13, floor 11: Mixed / not recordedLine 14, floor 11: Mixed / not recordedLine 16, floor 11: Mixed / not recordedLine 17, floor 11: Mixed / not recordedLine 18, floor 11: Mixed / not recordedLine 19, floor 11: Mixed / not recordedLine 01, floor 12: Mixed / not recordedLine 02, floor 12: Faces west (city side)Line 03, floor 12: Mixed / not recordedLine 04, floor 12: Faces north or southLine 06, floor 12: Faces east (lake side)Line 07, floor 12: Mixed / not recordedLine 08, floor 12: Faces east (lake side)Line 10, floor 12: Faces east (lake side)Line 11, floor 12: Mixed / not recordedLine 13, floor 12: Mixed / not recordedLine 14, floor 12: Mixed / not recordedLine 16, floor 12: Mixed / not recordedLine 17, floor 12: Mixed / not recordedLine 18, floor 12: Mixed / not recordedLine 19, floor 12: Mixed / not recordedLine 01, floor 13: Mixed / not recordedLine 02, floor 13: Faces west (city side)Line 03, floor 13: Mixed / not recordedLine 04, floor 13: Faces north or southLine 06, floor 13: Faces east (lake side)Line 07, floor 13: Mixed / not recordedLine 08, floor 13: Faces east (lake side)Line 10, floor 13: Faces east (lake side)Line 11, floor 13: Mixed / not recordedLine 13, floor 13: Mixed / not recordedLine 14, floor 13: Mixed / not recordedLine 16, floor 13: Mixed / not recordedLine 17, floor 13: Mixed / not recordedLine 18, floor 13: Mixed / not recordedLine 19, floor 13: Mixed / not recordedLine 01, floor 14: Mixed / not recordedLine 02, floor 14: Faces west (city side)Line 03, floor 14: Mixed / not recordedLine 04, floor 14: Faces north or southLine 06, floor 14: Faces east (lake side)Line 07, floor 14: Mixed / not recordedLine 08, floor 14: Faces east (lake side)Line 10, floor 14: Faces east (lake side)Line 13, floor 14: Mixed / not recordedLine 14, floor 14: Mixed / not recordedLine 16, floor 14: Mixed / not recordedLine 17, floor 14: Mixed / not recordedLine 18, floor 14: Mixed / not recordedLine 19, floor 14: Mixed / not recorded
Studio
1 bed
2 bed
3+ bed
Mixed or not enough records
Faces east (lake side)
Faces west (city side)
Faces north or south
Mixed / not recorded

Unit types are not shown: not enough evidence yet for this building. Exposure is the direction most of a line's MLS listings report. Across South Loop towers, each floor up adds about +0.44% to price per sq ft within the same line (this building alone has too few comparable sales). Line-by-line price premiums are not shown yet: too few sales per line.

Owning it

What a unit costs to hold, rent against price, and higher floors

Estimates from this building's own sales and leases.

A typical unit, every month

TypeTypical sizeHOA dues / moProperty tax / yrDues + tax / mo
2 bed1,240 sq ft $874$7,470 $1,500

Typical size: the type's median price over its price per sq ft (the building's, where the type has too few records), so an estimate. Dues: the type's median in this building's sales. Property tax: this building's tax rate per sq ft for units without exemptions, times the size; owner-occupants with a homeowner exemption usually pay less. Mortgage, insurance and utilities are not included. Try your own numbers in the calculator below.

Ownership economics

8.9%
gross rent ÷ price

Estimates from this building's median rents and prices by unit size. Vacancy, maintenance, insurance and financing are not deducted.

Higher floors

Estimate too uncertain.

How it compares

Against the other South Loop towers

Each line is one building's median with its 90% range. Only buildings with enough records are shown.

Price per sq ft

HOA dues per sq ft per month

Calculators

Run the numbers for a unit here

Monthly cost to own against renting, or yields and cash flow if you rent it out. Start from this building's figures and change anything.

Starting values are this building's medians for the unit type, where enough records exist; property tax is estimated from the building's tax per sq ft, only where enough units without exemptions agree. Change any number. An illustration only: not a loan offer, an appraisal, or tax or investment advice. Confirm figures with your lender, insurer and tax advisor. Nothing you type leaves your browser.

Before you commit

Questions worth asking about any condo building

Standard questions for any building, not findings about this one.

  1. What are the current monthly dues, and what do they include?
  2. What is the reserve fund balance, and when was the last reserve study?
  3. Has any special assessment been approved, proposed or discussed, and is any balance outstanding?
  4. What are the leasing rules (minimum term, caps, approval)?
  5. What does the master insurance policy cover, and what is the deductible?
  6. Is the association a party to any litigation?
  7. Request the association's disclosure package under Section 22.1 of the Illinois Condominium Property Act.
Nearby

Other towers close by, and the full review

Thinking about Prairie House?

Get the full building review

Unit lines, floor-by-floor pricing, listing history patterns and the questions specific to this building — walked through with you, not a form letter.

John Li
John LiMark Allen Realty ERA PoweredBroker · Chicago, IL · speaks English and Chinese
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Disclaimer: For information only · not guaranteed · not an appraisal or advice. Talk to a licensed broker before any transaction. Full disclaimer

Report BP-2026-09-30-B00418-08c22a · data through September 30, 2026 · Oct 2024 – Sep 2026. Medians of MLS records; MLS does not capture every transaction. Not an appraisal or valuation of any unit. How we measure.