$155,000
- 1 Bed
- 1 Bath
- 769 Sq Ft
2941 S Michigan Ave Unit 407, Chicago, IL 60616
Tiffany Bennett Coldwell Banker Realty
Frequently Asked Questions
Is South Commons a good place to live?
South Commons is a good place to live. South Commons is considered somewhat walkable and very bikeable with good transit options. South Commons has 7 parks for recreational activities. It is very dense in population with 22.6 people per acre and a median age of 46. The average household income is $70,647 which is below the national average. College graduates make up 50.6% of residents. A majority of residents in South Commons are renters, with 63.6% of residents renting and 36.4% of residents owning their home. A local real estate agent serving South Commons can help you decide if this neighborhood is the right one for you. Learn more on our South Commons neighborhood guide.
How much do you need to make to afford a house in South Commons?
The median home price in South Commons is $149,000. If you put a 20% down payment of $29,800 and had a 30-year fixed mortgage with an interest rate of 6.17%, your estimated principal and interest payment would be $730 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $31K a year to afford the median home price in South Commons. The average household income in South Commons is $71K.
What are the best public schools in South Commons?
The best public schools that serve South Commons are:
- Wendell Phillips Academy High School has a C Niche grade, a student teacher ratio of 14:1 and an average review score of 3.8.
- Pershing Elementary Humanities Magnet has a C Niche grade, a student teacher ratio of 11:1 and an average review score of 3.7.
- Drake Elementary School has a C Niche grade and a student teacher ratio of 13:1.
What are the best private schools in South Commons?
The best private schools that serve South Commons are:
- Old St. Marys School has an A+ Niche grade, a student teacher ratio of 12:1 and an average review score of 4.8.
- St. Jerome Catholic School has an A Niche grade, a student teacher ratio of 9:1 and an average review score of 4.7.
- De La Salle Institute - Institute Campus has an A Niche grade, a student teacher ratio of 11:1 and an average review score of 4.1.
What are the most popular zip codes in South Commons, Chicago, IL?
What are the most popular neighborhoods near South Commons, Chicago, IL?
The most popular neighborhoods near South Commons, Chicago, IL are Dearborn, The Gap, Stateway Gardens, South Loop and Armour Square.
