2941 S Michigan Ave Unit 407 Chicago, IL 60616
South Commons Neighborhood
1
Bed
1
Bath
761
Sq Ft
$500/mo
HOA Fee
About This Home
As of November 20241 bedroom/1 bath condo in well-managed South Shore Condominiums. Freshly painted and ready to move-in! "AS-IS" SELLER DOES NOT PROVIDE SURVEY, TAXES PRORATED AT 100%. Buyer's Closing Cost Credit negotiable for up to 3% (On Owner-Occupied/Financed Deals Only). Eligible under the Freddie Mac First Look Initiative thru 2/14/20. Seller's payment of IL Condo Act 94-1049 dues is negotiable.
Last Agent to Sell the Property
Re/Max Cityview License #471012333 Listed on: 01/16/2020
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,933
Year Built
- 1968
HOA Fees
- $500 per month
Home Design
- Brick Exterior Construction
Utilities
- One Cooling System Mounted To A Wall/Window
- Forced Air Heating System
Community Details
- Pets Allowed
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
173
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 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 | $1,933 | $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: MRD10612285
APN: 17-27-310-093-1044
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