2921 S Michigan Ave Unit 516 Chicago, IL 60616
South Commons NeighborhoodEstimated payment $1,030/month
Highlights
- Popular Property
- Laundry Room
- Accessibility Features
- Living Room
- Halls are 36 inches wide or more
- Dining Room
About This Home
Charming studio condo in the beautiful and historic **Douglas** neighborhood-just steps from the **lakefront, downtown access, parks, public transit, and some of Chicago's best restaurants**. This bright and efficient space offers great natural light and a flexible layout, with **minor cosmetic updates needed** to make it truly shine. Perfect for first-time buyers, investors, or anyone looking for an affordable home in a highly desirable location. Enjoy convenience, walkability, and unbeatable proximity to the city-all at an incredible value!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,303
Year Built
- Built in 1978
HOA Fees
- $400 Monthly HOA Fees
Home Design
- Entry on the 5th floor
- Studio
- Brick Exterior Construction
Interior Spaces
- 1 Full Bathroom
- 700 Sq Ft Home
- 4-Story Property
- Family Room
- Living Room
- Dining Room
- Laundry Room
Parking
- 1 Parking Space
- Parking Included in Price
Accessible Home Design
- Accessible Elevator Installed
- Halls are 36 inches wide or more
- Accessibility Features
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
Community Details
Overview
- Association fees include water, security, pool, exterior maintenance, lawn care, scavenger, snow removal
- 82 Units
- South Commons Association, Phone Number (312) 842-9720
- Property managed by south commons
Amenities
- Laundry Facilities
Pet Policy
- No Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,303 | $7,529 | $1,958 | $5,571 |
| 2023 | $1,270 | $6,154 | $1,581 | $4,573 |
| 2022 | $1,270 | $6,154 | $1,581 | $4,573 |
| 2021 | $1,241 | $6,154 | $1,581 | $4,573 |
| 2020 | $878 | $3,942 | $1,293 | $2,649 |
| 2019 | $871 | $4,337 | $1,293 | $3,044 |
| 2018 | $857 | $4,337 | $1,293 | $3,044 |
| 2017 | $661 | $3,069 | $1,077 | $1,992 |
| 2016 | $615 | $3,069 | $1,077 | $1,992 |
| 2015 | $562 | $3,069 | $1,077 | $1,992 |
| 2014 | $445 | $2,400 | $916 | $1,484 |
| 2013 | $437 | $2,400 | $916 | $1,484 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/11/2025 12/11/25 | For Sale | $99,000 | -- | $141 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | $51,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $45,900 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12530828
APN: 17-27-310-093-1135
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