2941 S Michigan Ave Unit 407 Chicago, IL 60616
South Commons Neighborhood
1
Bed
1
Bath
761
Sq Ft
$548/mo
HOA Fee
Highlights
- Community Pool
- Balcony
- Resident Manager or Management On Site
- Elevator
- Living Room
- Laundry Room
About This Home
As of November 2024A beautifully renovated 1-bedroom, 1-bathroom corner unit is now available in the highly sought-after South Commons community. This stunning space has been meticulously updated from top to bottom. The modern kitchen features brand-new stainless steel appliances, sleek quartz countertops, and soft-close cabinetry. The bathroom showcases all-new fixtures and a custom-built vanity, designed specifically for the space. Luxury vinyl plank flooring flows seamlessly throughout, adding both style and durability. With southern exposure, the unit is bathed in natural light, creating a warm and inviting atmosphere. Don't miss your chance to make this exceptional home yours!
Last Agent to Sell the Property
Coldwell Banker Realty License #475188196 Listed on: 10/02/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,983
Year Built
- Built in 1968 | Remodeled in 2024
HOA Fees
- $548 Monthly HOA Fees
Home Design
- Brick Exterior Construction
Interior Spaces
- 761 Sq Ft Home
- Family Room
- Living Room
- Dining Room
- Storage
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 1 Full Bathroom
Outdoor Features
- Balcony
Utilities
- One Cooling System Mounted To A Wall/Window
- Forced Air Heating System
Community Details
Overview
- Association fees include heat, water, gas, insurance, security, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
- 68 Units
- Jeffrey Mcgill Association, Phone Number (312) 842-9720
- South Commons Subdivision
- Property managed by South Commons Phase I
- 6-Story Property
Amenities
- Common Area
- Coin Laundry
- Elevator
- Community Storage Space
Recreation
- Community Pool
Pet Policy
- Limit on the number of pets
- Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 2, 2024
Closed on
Nov 11, 2024
Sold by
Fang Yuxia and Fang Dale Bragg
Bought by
G & Vb Property Management Inc
Seller's Agent
Brian Sheu
Coldwell Banker Realty
Buyer's Agent
Gregory Stokes
Paul Luxury Homes, LLC
List Price
$135,000
Sold Price
$130,000
Premium/Discount to List
-$5,000
-3.7%
Total Days on Market
4
Views
46
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,586
Avg. Annual Appreciation
21.33%
Original Mortgage
$117,000
Outstanding Balance
$70,207
Interest Rate
13.9%
Mortgage Type
Construction
Estimated Equity
$74,379
Purchase Details
Listed on
Jan 16, 2020
Closed on
Jul 17, 2020
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Fang Yuxia
Seller's Agent
Robert Padron
Re/Max Cityview
Buyer's Agent
Qizhong Guan
Century 21 S.G.R., Inc.
List Price
$124,900
Sold Price
$78,000
Premium/Discount to List
-$46,900
-37.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.84%
Purchase Details
Closed on
Sep 20, 2019
Sold by
Pitts Sharon
Bought by
Federal Home Loan Mortgage Corporation
Purchase Details
Closed on
Aug 1, 2006
Sold by
Cornell Hodges Alana Y and Cornell Wallace
Bought by
Schubb Ora
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,900
Interest Rate
6.78%
Mortgage Type
Unknown
Purchase Details
Closed on
Nov 4, 2005
Sold by
Pitts John A
Bought by
Hodges Alana Y
Purchase Details
Closed on
Aug 31, 2004
Sold by
Hodges Alana Y
Bought by
Pitts John A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
5.81%
Mortgage Type
Unknown
Purchase Details
Closed on
May 14, 2004
Sold by
Torrey Shawn K
Bought by
Hodges Alana
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,800
Interest Rate
8.12%
Mortgage Type
Unknown
Purchase Details
Closed on
Jan 19, 1999
Sold by
South Commons Llc
Bought by
Torrey Shawn K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,300
Interest Rate
6.76%
Mortgage Type
FHA
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $130,000 | Old Republic Title | |
| Warranty Deed | $130,000 | Old Republic Title | |
| Special Warranty Deed | $78,000 | Advantage Title | |
| Deed In Lieu Of Foreclosure | $90,871 | Attorney | |
| Warranty Deed | $134,000 | Cti | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | Multiple | |
| Warranty Deed | $96,500 | Ticor Title Insurance Compan | |
| Warranty Deed | $74,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $117,000 | Construction | |
| Closed | $117,000 | Construction | |
| Previous Owner | $93,083 | New Conventional | |
| Previous Owner | $106,900 | Unknown | |
| Previous Owner | $87,500 | Unknown | |
| Previous Owner | $86,800 | Unknown | |
| Previous Owner | $63,000 | Unknown | |
| Previous Owner | $72,300 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/15/2024 11/15/24 | Sold | $130,000 | -3.7% | $171 / Sq Ft |
| 10/07/2024 10/07/24 | Pending | -- | -- | -- |
| 10/02/2024 10/02/24 | For Sale | $135,000 | +73.1% | $177 / Sq Ft |
| 08/25/2020 08/25/20 | Sold | $78,000 | -21.9% | $102 / Sq Ft |
| 07/07/2020 07/07/20 | Pending | -- | -- | -- |
| 05/29/2020 05/29/20 | Price Changed | $99,900 | -20.0% | $131 / Sq Ft |
| 05/13/2020 05/13/20 | For Sale | $124,900 | 0.0% | $164 / Sq Ft |
| 02/21/2020 02/21/20 | Pending | -- | -- | -- |
| 01/16/2020 01/16/20 | For Sale | $124,900 | -- | $164 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $1,933 | $12,294 | $2,981 | $9,313 |
| 2023 | $1,933 | $9,368 | $2,407 | $6,961 |
| 2022 | $1,933 | $9,368 | $2,407 | $6,961 |
| 2021 | $1,889 | $9,367 | $2,407 | $6,960 |
| 2020 | $1,337 | $6,001 | $1,968 | $4,033 |
| 2019 | $1,326 | $6,602 | $1,968 | $4,634 |
| 2018 | $1,304 | $6,602 | $1,968 | $4,634 |
| 2017 | $1,006 | $4,672 | $1,640 | $3,032 |
| 2016 | $936 | $4,672 | $1,640 | $3,032 |
| 2015 | $856 | $4,672 | $1,640 | $3,032 |
| 2014 | $678 | $3,653 | $1,394 | $2,259 |
| 2013 | $664 | $3,653 | $1,394 | $2,259 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Sheu
B
Seller's Agent in 2024
Brian Sheu
Coldwell Banker Realty
(847) 544-8207
1 in this area
56 Total Sales
-
Yiding Yang
Y
Seller Co-Listing Agent in 2024
Yiding Yang
Coldwell Banker Realty
(847) 866-8200
1 in this area
1 Total Sale
-
Gregory Stokes
Buyer's Agent in 2024
Gregory Stokes
Paul Luxury Homes, LLC
(815) 714-3201
1 in this area
48 Total Sales
-
Robert Padron
Seller's Agent in 2020
Robert Padron
RE/MAX
(847) 774-1866
1 in this area
101 Total Sales
-
Qizhong Guan
Buyer's Agent in 2020
Qizhong Guan
Century 21 S.G.R., Inc.
(312) 730-8319
9 in this area
178 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12174253
APN: 17-27-310-093-1044
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.
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
- 2901 S Michigan Ave Unit 1706
- 2901 S Michigan Ave Unit 1702
- 3001 S Michigan Ave Unit 2202
- 3021 S Michigan Ave Unit 302
- 3021 S Michigan Ave Unit 102
- 3021 S Michigan Ave Unit 208
- 3021 S Michigan Ave Unit 311
- 3333 S Indiana Ave
- 3041 S Michigan Ave Unit 506
- 3041 S Michigan Ave Unit 106
- 2922-2926 S Wentworth Ave
- 207 E 31st St Unit 2B
- 3120 S Indiana Ave Unit 207
- 5165 S Michigan Ave
- 2605 S Indiana Ave Unit 402
- 2605 S Indiana Ave Unit 501
- 2605 S Indiana Ave Unit 305
- 2605 S Indiana Ave Unit 1906
- 2605 S Indiana Ave Unit 1508
- 2605 S Indiana Ave Unit 2003