1407 S Michigan Ave

📍 1407 South Michigan Avenue, Chicago, IL 60605

📋 Property Overview

Studio / 1 ba, available in South Loop, Chicago, Illinois. It measures 546 sq ft. Rent is $1,805 a month. The unit features air conditioning, hardwood floors, patio / balcony and fireplace. On site there is pet friendly, game room, dog park and conference room. Pets are allowed (dogs). Leases run 12 months. Availability: Available now. With a Walk Score of 93, most errands can be done on foot. Transit Score is 94. That is 22% below the local median of $2,300.

🚶 Getting Around

• Walk Score93/100

  Walker's Paradise

• Transit Score94/100

  Rider's Paradise

💵 Costs & Lease

Lease length

12 months

Units available

1 unit

Amounts are as published by the source and may change. Confirm before applying.

📐 Floor Plan Details

• 3 Bed, 2.0 Bath3 bd · 2 ba · 1,687 sq ftNone available right now
• 1.0 BathStudio · 1 ba$1,8051 unit available
• 1 Bed, 1.0 Bath1 bd · 1 ba · 546 sq ftNone available right now
• 2 Bed, 2.0 Bath2 bd · 2 ba · 1,099 sq ftNone available right now

🧾 Move-in Costs & Lease

Lease length

12 months

Available

Available now

Application fee

$60 per applicant, paid to RivoRent

Property amounts are as published by the source and may change. Confirm before applying. The application fee is RivoRent's own and is the same on every listing.

🛡️ Renters Insurance — Estimated Cost

Based on what Illinois renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 686,697 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

✅ Who Qualifies

Must have 3x the rent in total household income (before taxes)

🐾 Pets

Pets

Allowed

Types

Dogs

✨ Features & Details

• Patio / balcony
• Hardwood floors
• Dogs allowed
• Gym
• Pool
• Dog park
• Air conditioning
• Fireplace
• Pet friendly
• Basketball court
• Conference room
• Fire pit
• Game room
• Bbq/grill
• Media room
• Sauna
• Yoga
• 0 sq ft

📊 Property Facts

Walk Score

93 · Walker's Paradise

Transit Score

94 · Rider's Paradise

🎓 Nearby Schools

• South Loop Elementary School · K-86/10 · 0.3 mi
• Jones College Prep High School · 9-1210/10 · 0.7 mi
• National Teachers Elementary Academy · PK-83/10 · 0.8 mi
• Haines Elementary School · PK-88/10 · 1.1 mi
• Noble Academy · 97/10 · 1.3 mi
• Muchin College Prep · 9-128/10 · 1.3 mi
• Young Womens Leadership Chartr High School · 8-124/10 · 1.4 mi
• Walsh Elementary School · PK-85/10 · 1.4 mi
• Drake Elementary School · PK-82/10 · 1.4 mi
• Ward J Elementary School · PK-88/10 · 1.5 mi

🏡 Floor Plans