NOT LISTED FOR SALE

2731 S Michigan Ave Chicago, IL 60616

South Commons Neighborhood

Estimated Value: $302,000 - $400,000

3 Beds
2.5 Baths
1,707 Sq Ft
$216/Sq Ft Est. Value

Last Sold October 10, 2023

Last sale price $355,000 $208 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,868/month

14 Days on Market

Highlights

  • Balcony
  • Forced Air Heating and Cooling System
  • Dogs and Cats Allowed
  • Resident Manager or Management On Site

About This Home

As of October 2023

Three-story Townhome, brick building, with three bedrooms two bathrooms on the top floor, one bedroom and half a bathroom on the first floor (ground level), plenty of storage spaces, a backyard connecting to the parking lot and one assigned parking space in the gated community. Short commute to the loop, easy access to lakeshore & highway 90/94/55; walking distance to Mercy Hospital and IIT. The tenant is willing to extend the lease or vacate the property with 60-day notification.

Last Agent to Sell the Property

Xiaohuang Wu

AiHome Realty Group LLC License #471019897 Listed on: 07/24/2023

Last Buyer's Agent

Xiaohuang Wu

AiHome Realty Group LLC License #471019897 Listed on: 07/24/2023

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,445

Year Built

  • Built in 1971 | Remodeled in 2016

Lot Details

  • 1,655

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,707 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Potential Bedrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price

Additional Features

  • Balcony
  • Forced Air Heating and Cooling System

Community Details

Overview

  • Association fees include parking, insurance, exterior maintenance, lawn care, snow removal
  • Stuart Townhomes Association, Phone Number (312) 944-5901
  • Property managed by Associa Chicagoland

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,445

Year Built

Built in 1971 | Remodeled in 2016

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,T3-Townhouse 3+ Stories
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,T3-Townhouse 3+ Stories
  • Year Built: 1971
  • Age: 51-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • Rehab Year: 2016
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3
  • Year Renovated: 2016

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • LivingArea: 1707
  • Room Type: Balcony/Porch/Lanai
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 359900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 400
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Associa Chicagoland
  • Management Contact Name: Stuart Townhomes
  • Management Phone: 312-944-5901
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Parking, Insurance, Exterior Maintenance, Lawn Care, Snow Removal

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 5445
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2023
Closed on
Sep 27, 2023
Sold by
Shao Muchun
Bought by
Jiang Yu
Seller's Agent
Xiaohuang Wu
AiHome Realty Group LLC
Buyer's Agent
Xiaohuang Wu
AiHome Realty Group LLC
List Price
$359,900
Sold Price
$355,000
Premium/Discount to List
-$4,900
-1.36%
Views
149
Current Estimated Value
$368,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,376
Avg. Annual Appreciation
0.52%
Original Mortgage
$200,000
Outstanding Balance
$196,968
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$161,565

Purchase Details

Listed on
Dec 15, 2015
Closed on
Feb 22, 2016
Sold by
Savage Cynthia
Bought by
Shao Muchun
Seller's Agent
Nikki Kimsey
Keller Williams Preferred Rlty
Buyer's Agent
Xiaohuang Wu
Concentric Realty, Inc
List Price
$245,000
Sold Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jiang Yu $353,000 Old Republic National Title
Shao Muchun $245,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jiang Yu $200,000
Previous Owner Savage Ruth F $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2023 10/10/23 Sold $355,000 0.0% $208 / Sq Ft
08/12/2023 08/12/23 Off Market $355,000 -- --
08/08/2023 08/08/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $359,900 +46.9% $211 / Sq Ft
02/22/2016 02/22/16 Sold $245,000 0.0% $144 / Sq Ft
01/07/2016 01/07/16 Pending -- -- --
12/15/2015 12/15/15 For Sale $245,000 -- $144 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,715 $34,000 $8,153 $25,847
2023 $5,571 $27,000 $6,588 $20,412
2022 $5,571 $27,000 $6,588 $20,412
2021 $5,446 $27,000 $6,588 $20,412
2020 $5,211 $23,391 $5,599 $17,792
2019 $5,164 $25,705 $5,599 $20,106
2018 $5,078 $25,705 $5,599 $20,106
2017 $5,634 $26,172 $4,941 $21,231
2016 $5,242 $26,172 $4,941 $21,231
2015 $4,796 $26,172 $4,941 $21,231
2014 $4,107 $22,133 $4,117 $18,016
2013 $4,025 $22,133 $4,117 $18,016
Source: Public Records

Agents Affiliated with this Home

  • Xiaohuang Wu

    Seller's Agent in 2023

    Xiaohuang Wu

    AiHome Realty Group LLC

    (312) 508-8581

    11 in this area

    100 Total Sales

    Xiaohuang Wu
    Section Image
  • Nikki Kimsey

    Seller's Agent in 2016

    Nikki Kimsey

    Keller Williams Preferred Rlty

    (708) 953-8640

    138 Total Sales

    Nikki Kimsey
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11840348

Midwest Real Estate Data (MRED)

APN: 17-27-304-100-0000

Illinois Cook County Chicago 60616 South Commons

2731 S Michigan Ave, Chicago, IL

This home is located at 2731 S Michigan Ave, Chicago, IL 60616 since 24 July 2023 and is currently estimated at $368,376, approximately $215 per square foot. This property was built in 1971. 2731 S Michigan Ave is a home located in Cook County with nearby schools including Drake Elementary School, Wendell Phillips Academy High School, and St. Jerome Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes