Affordable Living on the Mag Mile: A 1-Bedroom at 535 N. Michigan in Streeterville

535 n michigan

This 1-bedroom in 535 N. Michigan in Streeterville came on the market in October 2017.

It has already been under contract once.

This building was constructed in 1962 and has 460 units and attached rental parking.

It also has commercial tenants in the front of the building as it fronts the Mag Mile.

This unit faces south.

The listing says it has an “updated bath” and a “newer kitchen.”

The kitchen has cherry cabinets, granite counter tops and stainless steel appliances along with a breakfast bar.

There are hardwoods in the living/dining area.

While there is central air, there’s no in-unit washer/dryer, only coin laundry in the building, and parking is rental.

This is a full amenity building with an indoor pool and a top floor exercise room with views of the city.

I don’t believe there has ever been a special assessment in this building (but I’m sure some of you will let me know if I’m wrong on that).

That’s amazing given the number of units, the age of the building and the amenities.

The listing says there’s no rental cap in this building.

Is this a great location for an in-town or investment unit?

Chris Vasilakopoulos at Dream Town Realty has the listing. See the pictures here.

Unit #1806: 1 bedroom, 1 bath, 750 square feet

  • Sold in September 1997 for $94,000
  • Sold in February 1999 for $135,000
  • Sold in December 2005 for $238,000
  • Originally listed in October 2017 for $239,000
  • Under contract once
  • Currently listed for $239,000
  • Assessments of $615 a month (includes heat, a/c, cable, doorman, exercise room, indoor pool, exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $3139
  • Central Air
  • No washer/dryer in the unit- coin laundry in the building
  • Parking is rental in attached garage
  • Bedroom: 17×14
  • Living room: 21×13
  • Kitchen: 9×7

25 Responses to “Affordable Living on the Mag Mile: A 1-Bedroom at 535 N. Michigan in Streeterville”

  1. Unless something has changed, this building doesn’t allow dogs. Luckily these days, boards are required to allow emotional support pets in buildings.

    There’s no washer/dryer in this unit. I’d also want to know whether the resident can control his/her own heat. My grandparents lived in an older building that was built at around the same time as this one and could not control their own heat.

    Unit #3212 sold for $225,000 on Nov. 17. The upgrades seem similar and I would much prefer it since the floor is so much higher than this one.

    I think $215,000 would be the sweet spot for this unit. I’m not really sure who the market is for these places, but RedFin shows that quite a few have sold over the past few months.

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  2. “required to allow emotional support pets in buildings”

    So when did the emotional support pets thing get started in America? I was ordering a beer at the bar at Ohio St. beach last summer and noticed for the first time (one of these dogs). A crispy-fried-up 60 year old ex-druggie baby boomer had it, and she was drinking at the bar with the dog at the bottom of the bar stool. Losers. More enabling of losers.

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  3. Emotional support animals are typically given to military veterans to help them cope with their PTSD. So fuckwads like you still have the freedom to shitpost on the internet all day, instead of having to pray 5 times a day or speak cantonese, or wtfever

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  4. They may have been where it started, but go through an airport today and you’ll see lots of emotional support dogs with regular people.

    It’s getting abused by people that think they should be able to take their pets everywhere

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  5. LOSER WOULD BE A JUDGEMENTAL ASS AT SAID BAR LOOKING DOWN AT OTHER PATRONS. I LIKE MY OLDSTYLE AND SO DOES MY LITTLE FRIEND. COAL FOR HELMETHOFER THIS XMAS!!!!

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  6. I see nothing wrong with bringing your pet everywhere as long as it’s well behaved.

    It’s not a business’s right to determine whether your support animal is necessary.

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  7. The same people that feel they can bring their dog everywhere, rarely have a well trained dog.

    And the ones abusing it aren’t using trained service animals, its usually some stupid chihuahua or French Bulldog

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  8. People bring their kids everywhere. Dogs are usually quieter and far more pleasant than kids.

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  9. My colleague’s wife registered their husky as an emotional support animal so she doesn’t have to go through the hassle or cost of additional logistics when traveling. Her internist gave her a note without an appointment. My understanding is that emotional support animals travel for free. Is this correct? Emotional support animals sit under your seat. I would like to see how a husky fits under a standard economy seat without intruding on nearby passengers. There are real reasons to need emotional support animals, but it is also being abused. I suspect additional regulation will follow.

    Parents are required to purchase their children (over two) a full fare ticket when traveling. Personally we buy tickets over 12 months. Holding a toddler during a flight sounds like a nightmare.

    In terms of bringing dogs/children everything, I offer two considerations: 1) Allergies 2) Health code violations.

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  10. Hey Sonies: Didn’t you read what I wrote? It was some loser b*tch who looked like she’d done years of LSD and cig smoking. She was at a bar in the middle of the day, alone, drinking alcohol… with her “support dog”. Stfu, and start calling it like it is. This woman is a loser and only some kosher idiot leftist psychiatrist thinks enabling these types with dogs is a good idea. It’s probably animal abuse. The dog didn’t seem too happy sitting at the bottom of a bar stool with that hag. It probably gets annoyed by her raspy voice too.

    Feel sorry for our Vets with PTSD, for sure. Yes. But who sent our boys over there to lose life, limb, and get PTSD and for what? As God Emperor Trump has said to the Bushes and the Neocon Jews: “Iraq was a BIG FAT MISTAKE”

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  11. Airlines rip off travelers carrying small pets.

    We had a small dog (13 lbs) that traveled with us quite frequently. She was really quiet and we would put her under the seat like any other carry on. Airlines would charge $100 each way! Sometimes our tickets didn’t even cost $200! Not only that, we would have to get a vet note stating clean bill of health.

    There is absolutely no reason why a small dog that fits under the seat should cost $200 round trip to take on a plane other than the airlines know they can get away with it as a profit center.

    The emotional support animal stuff is being abused and I suspect it is because of issues like above.

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  12. There are real reasons to need emotional support animals, but it is also being abused. I suspect additional regulation will follow.

    There is absolutely no reason why a small dog that fits under the seat should cost $200 round trip to take on a plane other than the airlines know they can get away with it as a profit center.

    you could say this about a lot of things. There’s a legitimate need and some find a way to abuse it or exploit it. then the regulations come in and everyone suffers.

    As for the whole pet culture thing, it sure has changed. When I was a kid, pets roamed free you hoped they’d come back. Bonus if they were not preggers. Now It’s routine for people to expect to take their dogs everywhere, on vacation, out to the bar, even to work. People do DNA tests on their dogs, expensive surgeries for conditions that would have suggested euthanasia just 15 or 20 years ago.

    It’s not for me and yet we spent a lot more money they we should have keeping our cats alive before our human kids arrived.

    If you grew up in a world where extreme pet culture was the norm, would you feel any different?

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  13. I see no reason why airlines shouldn’t charge people for taking up seats. If you, your baby, or your dog take up a seat, you should pay for it. It’s BS that babies are allowed to sit on a parent’s lap. If a dog can fit under a seat, I see no reason why it should be charged a ridiculous amount.

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  14. “Luckily these days, boards are required to allow emotional support pets in buildings.”

    They are?

    Even above the weight limit allowed in the building? Or do they have to follow the weight limit?

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  15. Your emotional support chicken/micropig/duck billed platypus/pangolin/tree sloth does not have a right to go everywhere with you. It’s a crock of shit and you know it!

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  16. I love dogs and had to put my 17 year old toy down a couple years back. I would joke he was my firstborn. I really felt that way, until we had kids. I’m totally embarrassed that, before becoming a parent, I used to make comments comparing dogs and kids. Other parents admit to this as well. So, Jenny, if you ever have a kid, trust me, you will cringe that you ever thought they were the same.

    Now, back to 535, I went with some friends of mine to look at a place here for sale. The only issue for them, was they wanted further north. Other than that, this was a great building. The wrap around porch is amazing.

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  17. “So, Jenny, if you ever [________], trust me, you will cringe”

    Nah. If jenny is even 62% real on the cc, she don’t cringe.

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  18. A pet taken on board constitutes the one allowed carry-on, and the requirements for the size is the same as a carry-on, so it is taking up no more space than any other passenger with a carry-on. It is not allowed out of the bag, not even a nose sticking out. Therefore, what is the justification for charging over $100?

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  19. Getting back to the building….

    I looked at a few units in this building wayy back in the day when I was a medical student. I remember touring an updated 1 bedroom here for 950 / month. How times have changed.

    I have a colleague with a ‘pied e terre’ here ( if you can call it that ) and swing by once in a while. The pool is nice enough. Aside from that, It seems like a LOOOOT of indian tech people and college / grad students from the suburbs and ohio/wisconsin/michigan wanting the real ‘downtown’ experience live here. Great location if you’re a frequent flier at men’s warehouse.

    Not for me.

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  20. PS –

    agreed that people abuse the crap out of the ‘ emotional support animal ‘ thing. I think they are a wonderful tool for patients with PTSD.

    However, you can get prescribed a ’emotional support animal’ for anything ranging from ADD to anxiety. And it doesn’t have to be from an MD – a plain old ‘therapist’ can ‘prescribe’ one. It’s become kind of a joke.

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  21. I agree that dogs are typically generally far quieter and more pleasant than kids. If we didn’t have such restrictions on dogs in public places and had a more enlightened/European attitude about things, people wouldn’t need to abuse service animal privileges so badly with their phony ones.

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  22. “I agree that dogs are typically generally far quieter and more pleasant than kids. If we didn’t have such restrictions on dogs in public places and had a more enlightened/European attitude about things, people wouldn’t need to abuse service animal privileges so badly with their phony ones.”

    I agree with this. I am starting to see the tide turn. More businesses are allowing dogs. I saw one at ABT when I visited a couple of weeks ago and a friend of mine saw a dog at the Container Store this weekend. The hair salon I go to allows dogs. I brought my puppy with last time just to get her socialized and people seemed so happy to see here there.

    If more stores allowed dogs, I might rethink my aversion to shopping.

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  23. “If more stores allowed dogs”

    most stores allow dogs, especially in walkable neighborhoods.

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  24. Riz posted “…I looked at a few units in this building wayy back in the day when I was a medical student..”
    I see your ‘wayy back in the day’ & attempt a one-up/ raise: a very long time ago (aka prehistoric time) I was a lifeguard here at the then Michigan Terrace bldg’s fairly small indoor pool, hired strictly for mgmt’s insurance lowering purpose. On an typical summer weekday 8-10 people would visit to swim indoors. The 535 bldg back then attracted a large number of flight attendants splitting apts (due in part to airlines contracting to billet pilots @ Sheraton n/k/a Inter-Continental just south across Grand).

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  25. Seems like a very impersonal apartment and building. Good rental, maybe. Not sure why someone would want to own here unless they needed a very cheap pied a tier. Location couldn’t be better if you just have to be on Michigan Ave.

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