$178,000
SOLD JUN 25, 2025

2901 S Michigan Ave Unit 1702 Chicago, IL 60616

South Commons Neighborhood
2 Beds
2 Baths
1,300 Sq Ft
$735/mo HOA Fee

Recently Sold

$137 Per Sq Ft

1% Below List Price

9 Days on Market

Highlights

  • Living Room
  • Laundry Room
  • Accessibility Features
  • Resident Manager or Management On Site
  • Ramp on the main level
  • Dining Room

About This Home

As of June 2025

Welcome to 2901 S. Michigan Ave, Unit 1702 - a beautifully decorated 2 bedroom, 2 bathroom condo offering approximately 1,300 sq ft of stylish living space in one of Chicago's most convenient locations with beautiful lake and city views! Freshly painted and decorated, this condo boasts an open, airy layout flooded with natural light and beautiful views. Enjoy spectacular park and city views from the 17th floor, on your private balcony, perfect for relaxing mornings and lively evenings. The beautiful kitchen is ideal for hosting friends and family, while the generously sized bedrooms offer plenty of comfort and storage. Residents enjoy a host of amenities including a sparkling outdoor pool, a welcoming party room, convenient laundry facilities, storage facilities and reserved parking. Feel safe and secure with 24-hour security and a full building security system in this well-maintained elevator building. Perfectly located near parks, restaurants, shopping, and public transportation, this condo truly offers the best of city living. Whether you're a first-time homebuyer or looking for a chic city retreat, Unit 1702 is ready for you to move right in. This property combines modern conveniences, amazing views, and unbeatable value. Don't miss your opportunity to make this vibrant, move-in-ready condo your new home!

Last Agent to Sell the Property

Shaunta Gray

Kairos Real Estate Co License #471001819 Listed on: 04/28/2025

Last Buyer's Agent

Yunmei Luo

Newlife Realty LLC License #471021733

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $499

Year Built

  • Built in 1971

HOA Fees

  • $735 Monthly HOA Fees

Home Design

  • Entry on the 17th floor
  • Brick Exterior Construction

Interior Spaces

  • 1,300 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Assigned Parking

Accessible Home Design

  • Accessibility Features
  • Ramp on the main level

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • 100 Amp Service

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, insurance, security, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 200 Units
  • The Building Group Association, Phone Number (312) 842-9720
  • Property managed by South Commons Phase I Condo Association
  • 20-Story Property

Pet Policy

  • Pets up to 50 lbs
  • Dogs and Cats Allowed

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$499

Year Built

Built in 1971

Lot Details

0

HOA Fees

$735 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 17
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1971
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 20

Interior Features

  • Basement: None
  • Accessibility Features: Ramp - Main Level
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1300
  • Room Type: No additional rooms
  • Stories Total: 20
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Parking Features: Assigned, On Site, Leased
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Electric: 100 Amp Service
  • Heating: Natural Gas, Radiant
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 735
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: South Commons Phase I Condo Association
  • Management Contact Name: The Building Group
  • Management Phone: 312-842-9720

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Insurance, Security, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Lot Info

  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 50

Tax Info

  • Tax Annual Amount: 499
  • Tax Year: 2023
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2025
Closed on
Jun 11, 2025
Sold by
Logan Joyce C
Bought by
Taj Majid M and Taj Hamza A
Seller's Agent
Shaunta Gray
Kairos Real Estate Co
Buyer's Agent
Yunmei Luo
Newlife Realty LLC
List Price
$180,000
Sold Price
$178,000
Premium/Discount to List
-$2,000
-1.11%
Views
33
Current Estimated Value
$182,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,700
Avg. Annual Appreciation
5.70%
Original Mortgage
$142,400
Outstanding Balance
$142,030
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$40,670

Purchase Details

Closed on
Aug 9, 2000
Sold by
South Commons Llc
Bought by
Logan Joyce C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $178,000 Carrington Title Partners
Warranty Deed $120,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $142,400 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2025 06/25/25 Sold $178,000 -1.1% $137 / Sq Ft
05/07/2025 05/07/25 Pending -- -- --
04/28/2025 04/28/25 For Sale $180,000 -- $138 / 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 $499 $14,878 $3,870 $11,008
2023 $502 $12,162 $3,125 $9,037
2022 $502 $12,162 $3,125 $9,037
2021 $478 $12,160 $3,124 $9,036
2020 $1,045 $7,791 $2,556 $5,235
2019 $1,033 $8,572 $2,556 $6,016
2018 $1,015 $8,572 $2,556 $6,016
2017 $579 $6,066 $2,130 $3,936
2016 $715 $6,066 $2,130 $3,936
2015 $631 $6,066 $2,130 $3,936
2014 $403 $4,743 $1,810 $2,933
2013 $384 $4,743 $1,810 $2,933
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12350520

Midwest Real Estate Data (MRED)

APN: 17-27-310-093-1288