NOT LISTED FOR SALE

2941 S Michigan Ave Unit 29415 Chicago, IL 60616

South Commons Neighborhood

Estimated Value: $241,000 - $268,000

3 Beds
3 Baths
1,800 Sq Ft
$140/Sq Ft Est. Value

Last Sold February 12, 2013

Last sale price $45,000 $25 Per Sq Ft

Est. 460% increase in value since last sale

Current estimated payment $2,762/month

12 Days on Market

About This Home

As of February 2013

Large and bright 2-story penthouse condo in Bronzeville must sell IMMEDIATELY! Unit does require some repairs and updating throughout.

Last Agent to Sell the Property

Danielle Pierce

Ani Real Estate License #471001398 Listed on: 01/03/2013

Last Buyer's Agent

Charmin Jones

Black Acre Realty Group Inc

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $4,184

Year Built

  • 1964

Lot Details

  • 8.39

HOA Fees

  • $1,041 per month

Home Design

  • Brick Exterior Construction

Parking

  • Parking Available
  • Assigned Parking

Location

  • Property is near a bus stop

Utilities

  • Baseboard Heating
  • Lake Michigan Water

Community Details

  • Pets Allowed

Property Details

Home Type

Other

Est. Annual Taxes

$4,184

Year Built

1964

Lot Details

0

HOA Fees

$1,041 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train, Interstate Access
  • Type Attached: Condo-Duplex
  • Unit Floor Level: 5
  • Special Features: None
  • Stories: 2
  • Year Built: 1964

Interior Features

  • Number Of Rooms: 6
  • Bedrooms All Levels: 3
  • Master Bedroom Level: 2nd Level
  • Master Bedroom Size: 17X12
  • Second Bedroom Level: 2nd Level
  • Second Bedroom Size: 15X11
  • Third Bedroom Level: 2nd Level
  • Third Bedroom Size: 15X11
  • Living Room Level: Main Level
  • Living Room Size: 19X15
  • Dining Room Level: Main Level
  • Dining Room Size: 10X10
  • Kitchen Level: Main Level
  • Kitchen Size: 12X8
  • Additional Rooms: No additional rooms

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Parking Details: Assigned Spaces
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Parking Fee Lease: 60
  • Parking Ownership: Fee/Leased

Utilities

  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Baseboard

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager On-site, Monday through Friday
  • Pet Information: Cats OK
  • Common Area Amenities: Coin Laundry, Elevator, Storage, On Site Manager/Engineer
  • Assessment/Association Fees: 1041
  • Assessment Includes: Water, Electric, Gas, Common Insurance, Security, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Special Assessments: Yes

Fee Information

  • Management Company: South Commons Phase I Condo Assoc
  • Lowest Parking Fee: 60
  • Highest Parking Fee: 80

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Total Number Unitsin Building: 679

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2013
Closed on
Jan 31, 2013
Sold by
Ford Arthur D
Bought by
Hollis Sylvia
Seller's Agent
Danielle Pierce
Ani Real Estate
Buyer's Agent
Charmin Jones
Black Acre Realty Group Inc
List Price
$55,000
Sold Price
$45,000
Premium/Discount to List
-$10,000
-18.18%
Current Estimated Value
$251,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,900
Avg. Annual Appreciation
14.94%

Purchase Details

Closed on
May 11, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Ford Arthur D

Purchase Details

Closed on
Sep 12, 2000
Sold by
South Commons Llc
Bought by
Lewis Marjorie F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,850
Interest Rate
7.96%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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 Buyer Sale Price Title Company
Hollis Sylvia $45,000 None Available
Ford Arthur D $50,000 Attorneys Title Guaranty Fun
Lewis Marjorie F $163,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lewis Marjorie F $155,000
Previous Owner Lewis Marjorie F $153,840
Previous Owner Lewis Mijorie F $154,850
Previous Owner Lewis Marjorie F $154,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2013 02/12/13 Sold $45,000 -18.2% $25 / Sq Ft
01/15/2013 01/15/13 Pending -- -- --
01/03/2013 01/03/13 For Sale $55,000 -- $31 / 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 $4,184 $28,235 $7,344 $20,891
2023 $4,056 $23,080 $5,930 $17,150
2022 $4,056 $23,080 $5,930 $17,150
2021 $3,983 $23,080 $5,930 $17,150
2020 $2,603 $14,787 $4,851 $9,936
2019 $2,579 $16,268 $4,851 $11,417
2018 $2,535 $16,268 $4,851 $11,417
2017 $1,752 $11,512 $4,042 $7,470
2016 $2,306 $11,512 $4,042 $7,470
2015 $2,110 $11,512 $4,042 $7,470
2014 $1,670 $9,003 $3,436 $5,567
2013 $1,637 $9,003 $3,436 $5,567
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Danielle Pierce

    Ani Real Estate

  • C

    Buyer's Agent in 2013

    Charmin Jones

    Black Acre Realty Group Inc

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08242631

Midwest Real Estate Data (MRED)

APN: 17-27-310-093-1059

Illinois Cook County Chicago 60616 South Commons

2941 S Michigan Ave Unit 29415, Chicago, IL

This home is located at 2941 S Michigan Ave Unit 29415, Chicago, IL 60616 since 03 January 2013 and is currently estimated at $251,900, approximately $139 per square foot. This property was built in 1964. 2941 S Michigan Ave Unit 29415 is a home located in Cook County with nearby schools including Drake Elementary School, Wendell Phillips Academy High School, and De La Salle Institute - Institute Campus.

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