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Welcome to this beautifully updated 2-bedroom, 1.5-bath loft condo, perfectly situated between Chicago's Loop and West Loop. Offering 1,175 square feet of thoughtfully designed living space, this home combines modern updates with the character and warmth of true loft living. The spacious open-concept layout features gorgeous hardwood floors, a gas-log fireplace, and a custom-built bar-perfect for entertaining friends or enjoying a quiet evening at home. Large windows bring in plenty of natural light, while the private terrace provides your own outdoor retreat in the heart of the city. The updated kitchen features refinished cabinetry and newer stainless-steel appliances, including a newer dishwasher. Both bathrooms have been completely remodeled, with the main bath offering dual shower heads for a spa-like experience. A full private laundry room with newer washer and dryer adds everyday convenience, while the recently serviced HVAC system and Ecobee thermostat provide year-round comfort. One of the standout features is the generous private terrace with a commercial-grade balcony door, creating an inviting connection between the indoor and outdoor living spaces. The terrace was freshly painted in 2024.

Highlights

  • Residential
  • Condominium
  • Built in 2001
  • $662/mo HOA
  • 54 days on Market

  • Bedrooms
    2
  • Bathrooms
    1 full · 1 half
  • Year Built
    2001
  • Stories
    7.0
  • Construction Materials
    Brick
  • Living Area
    1175.0
  • Interior Features
    Storage, Dry Bar
  • Appliances
    Dryer, Dishwasher, Microwave, Refrigerator, Washer, Range, Wine Refrigerator
  • Flooring
    Hardwood
  • Exterior Features
    Balcony
  • Cooling
    Central Air
  • Heating
    Natural Gas
  • Basement
    None


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Frequently Asked Questions

How do I schedule a tour of 500 S Clinton St #242?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 500 S Clinton St #242.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 500 S Clinton St #242?

Click Ask a Question to talk with our team. You already know it is a 2 bed, 1 bath, listed for $349,999. We can talk through recent upgrades, potential seller motivation, how this condominium compares to others in Chicago, and can even get you in to see the property quickly.

How do I get a virtual tour of 500 S Clinton St #242?

Yes! A virtual tour is available for 500 S Clinton St #242. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 500 S Clinton St #242?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 500 S Clinton St #242 at around $2,358. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 500 S Clinton St #242?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Cook County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 500 S Clinton St #242?

In most cases, yes. Whether 500 S Clinton St #242 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Chicago's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 500 S Clinton St #242?

We can handle that for you. Our preferred local agent specializes in residentials in Chicago and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $349,999 with 1,175 sqft of space—that comes out to approximately $298 per square foot.

How long has this property been on the market?

500 S Clinton St #242 was listed on September 21, 2026, which means it's been on the market for 54 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2001, making it approximately 25 years old.

What are the property taxes for 500 S Clinton St #242?

The most recent public record shows annual property taxes for 500 S Clinton St #242 were approximately $4,400. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $662 paid monthly.

This covers access to community features including: Service Elevator(s).

Is 500 S Clinton St #242 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: November 14, 2026 at 09:37PM | Source: Midwest Real Estate Data (MRED) | MLS#: 12765295