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
Additional Features
- Balcony
- 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%
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
$11,997
Avg. Annual Appreciation
12.68%
Original Mortgage
$117,000
Outstanding Balance
$40,810
Interest Rate
13.9%
Mortgage Type
Construction
Estimated Equity
$102,384
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 Chicago, IL
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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 | $1,983 | $11,460 | $2,981 | $8,479 |
| 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
Seller's Agent in 2024
Brian Sheu
Coldwell Banker Realty
(847) 544-8207
1 in this area
57 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
47 Total Sales
-
Robert Padron
Seller's Agent in 2020
Robert Padron
RE/MAX
(847) 774-1866
96 Total Sales
-
Qizhong Guan
Buyer's Agent in 2020
Qizhong Guan
Century 21 S.G.R., Inc.
(312) 730-8319
8 in this area
177 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12174253
APN: 17-27-310-093-1044
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