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1720 S Michigan Ave

Condominium 33 stories498 unitsBuilt 2007

Over the last 24 months, sales here closed at a median $347 per sq ft, in line with the South Loop median ($352). HOA dues ran $0.65 per sq ft a month, in line with the South Loop median ($0.64). Units leased in a median 16 days (neighborhood: 16 days).

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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

$347

90% range $340–$353 · 40 sales

Median monthly rent

$2,400

90% range $2,300–$2,500 · 85 leases

HOA dues

$0.65/ sq ft / mo

90% range $0.64–$0.69 · 40 sales

Activity · 24 months

46sales

85 leases

Leases: typical time to lease 16 days
Turnover 4.6% 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 · 109 listings
Owners may lease: Yes · 41 listings
Parking: Usually included in the sale price (52 listings); deeded spaces typically $25,000 (19 listings)
Dues usually include: Heat, air conditioning, gas, water, TV/cable, doorman; plus insurance, exterior maintenance, scavenger, snow removal · 52 listings
Amenities: Elevator, door staff, bike room, on-site manager / engineer, receiving room · 114 listings
Management: On-site manager · 40 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

Cermak-McCormick Place Green
about 10 min walk · 0.5 mi · step-free access
Cermak-Chinatown Red
about 13 min walk · 0.7 mi · step-free access
Roosevelt Red, Green, Orange
about 16 min walk · 0.8 mi · step-free access

Bus routes within about a 6-minute walk

134122962

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

Estimated unit mix — Assessor + historical MLS

498 units on Cook County Assessor records.

1 bed 212 · 43%

2 bed 244 · 49%

3+ bed 30 · 6%

Unknown 12 · 2%

Estimate: each Assessor unit is matched to its unit line, and the line's bedroom count comes from this building's MLS records (151 units from their own records, 335 from units in the same line). Units without enough evidence stay Unknown. Not a verified floor-plan inventory.

Type	Units (est.)	Median sale price	Median rent	Sales · leases, 24 mo	South Loop median rent	South Loop price / sq ft
1 bed	212	$250,000	$2,200	23 · 38	$2,300	$344
2 bed	244	$350,000	$2,750	20 · 41	$3,050	$346
3+ bed	30	too few	too few	4 · 6	$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.

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

Each line shows the unit type most of its units have (an estimate; see “Unit types”), and a line's size and exposure only when at least 3 of its units have records; individual units are not marked. Exposure is the direction most of a line's MLS listings report. In this building each floor up adds about +0.19% to price per sq ft within the same line. 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

Type	Typical size	HOA dues / mo	Property tax / yr	Dues + tax / mo
1 bed	730 sq ft	$466	$4,920	$880
2 bed	1,000 sq ft	$664	$6,740	$1,230

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

10.0%

gross rent ÷ price

5.9%

after HOA and property tax

Estimates from this building's median rents and prices by unit size; property tax partly estimated from same-building units without exemptions; an older tax year was used. Vacancy, maintenance, insurance and financing are not deducted (with 5% vacancy: 5.4%).

Higher floors

+0.19%

price per sq ft, per floor up

Same unit line, different floors (38 sales; 90% range -0.17%–+0.54%).

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.

Unit type

Price Down payment, % Interest rate, % Loan term, years HOA dues, per month Property tax, per year Insurance (HO-6), per year Monthly rent Vacancy, % Repairs and other costs, per year Closing costs, % of price

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.

What are the current monthly dues, and what do they include?
What is the reserve fund balance, and when was the last reserve study?
Has any special assessment been approved, proposed or discussed, and is any balance outstanding?
What are the leasing rules (minimum term, caps, approval)?
What does the master insurance policy cover, and what is the deductible?
Is the association a party to any litigation?
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

Nearby towers

1620 S Michigan Ave94 m away · 12 stories · 249 units $344/ sq ft 1801 S Michigan Ave133 m away · 7 stories · 53 units — 1819 S Michigan Ave166 m away · 12 stories · 93 units $325/ sq ft 1600 S Indiana Ave200 m away · 19 stories · 145 units $352/ sq ft

All South Loop towers on the map →

Thinking about 1720 S Michigan Ave?

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 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-B00411-08c22a · 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.

1720 S Michigan Ave

What units sell and rent for

What listings say about the building

Trains and buses nearby

Estimated unit mix — Assessor + historical MLS

Every line, every floor

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

A typical unit, every month

Ownership economics

Higher floors

Against the other South Loop towers

Price per sq ft

HOA dues per sq ft per month

Run the numbers for a unit here

Questions worth asking about any condo building

Other towers close by, and the full review

Nearby towers

Get the full building review

1720 S Michigan Ave

What units sell and rent for

What listings say about the building

Trains and buses nearby

Estimated unit mix — Assessor + historical MLS

Every line, every floor

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

A typical unit, every month

Ownership economics

Higher floors

Against the other South Loop towers

Price per sq ft

HOA dues per sq ft per month

Run the numbers for a unit here

Questions worth asking about any condo building

Other towers close by, and the full review

Nearby towers

Get the full building review

One email a month: what changed, building by building.