2941 S Michigan Ave Unit 515 Chicago, IL 60616
South Commons Neighborhood
--
Bed
1
Bath
500
Sq Ft
$326/mo
HOA Fee
Highlights
- Community Pool
- Elevator
- Park
- Party Room
- Living Room
- Laundry Room
About This Home
As of May 2025Spacious Penthouse Level Studio with High Ceilings and Massive Balcony. Newly Remodeled. Samsung Bespoke Kitchen. Spectacular Bathroom with Hot tub and Bidet. Radiant Heated Floors. Secure Covered Garage Space is available for $125 per month. All utilities are included in the assessment. Buyer pays for electric only. Community gym and pool. Dunbar Park is across the street with tennis courts, soccer field, and a track and field path. Walking distance from Illinois Institute of Technology, Metro, and Bus Lines.
Last Agent to Sell the Property
Mentor Listing Realty Inc. License #471009298 Listed on: 04/14/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,144
Year Built
- Built in 1972
HOA Fees
- $326 Monthly HOA Fees
Parking
- 1 Parking Space
Home Design
- Studio
- Brick Exterior Construction
Interior Spaces
- 1 Full Bathroom
- 500 Sq Ft Home
- Family Room
- Living Room
- Dining Room
- Stone Flooring
- Range
- Laundry Room
Utilities
- Heating System Uses Natural Gas
- Radiant Heating System
- Lake Michigan Water
Community Details
Overview
- Association fees include heat, water, gas, insurance, security, pool, exterior maintenance, lawn care, scavenger, snow removal
- 68 Units
- South Commons Phase I Condomini Association, Phone Number (312) 842-9720
- South Commons Subdivision
- Property managed by SOUTH COMMONS PHASE I CONDOMINIUM
- 5-Story Property
Amenities
- Party Room
- Coin Laundry
- Elevator
Recreation
- Community Pool
- Park
Pet Policy
- Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 14, 2025
Closed on
May 19, 2025
Sold by
Non Rental Indiana Llc
Bought by
Jenkins Diamond
Seller's Agent
Brian Waters
Mentor Listing Realty Inc.
Buyer's Agent
Grigory Pekarsky
Vesta Preferred LLC
List Price
$129,995
Sold Price
$129,995
Views
22
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
$69
Avg. Annual Appreciation
0.21%
Original Mortgage
$116,996
Outstanding Balance
$116,706
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$13,358
Purchase Details
Closed on
Apr 17, 2023
Sold by
Pavlyuchenko Alexey
Bought by
Non Rental Indiana Llc
Purchase Details
Listed on
Apr 19, 2016
Closed on
Aug 26, 2016
Sold by
Deutsche Bank National Trust Co
Bought by
Pavlyuchenko Alxey
Seller's Agent
Paul Rakowski
Owners.com
Buyer's Agent
Rebecca Singh
HomeSmart Realty Group
List Price
$64,700
Sold Price
$31,649
Premium/Discount to List
-$33,051
-51.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.96%
Purchase Details
Closed on
Nov 17, 2015
Sold by
Erel Turhan
Bought by
Deutsche Bank National Trust Company
Purchase Details
Closed on
Apr 3, 2003
Sold by
Hearon Valveata M
Bought by
Erel Turhan
Purchase Details
Closed on
Jun 22, 1999
Sold by
South Commons Llc
Bought by
Heamon Velveata M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,050
Interest Rate
7.15%
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 | Fidelity National Title | |
| Warranty Deed | -- | None Listed On Document | |
| Special Warranty Deed | $31,649 | Attorney | |
| Sheriffs Deed | -- | Attorney | |
| Legal Action Court Order | $71,000 | -- | |
| Legal Action Court Order | $71,000 | -- | |
| Warranty Deed | $40,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $116,996 | New Conventional | |
| Previous Owner | $60,000 | Unknown | |
| Previous Owner | $39,050 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | Sold | $129,995 | 0.0% | $260 / Sq Ft |
| 04/22/2025 04/22/25 | Pending | -- | -- | -- |
| 04/14/2025 04/14/25 | For Sale | $129,995 | +310.7% | $260 / Sq Ft |
| 08/23/2016 08/23/16 | Sold | $31,649 | -36.4% | $63 / Sq Ft |
| 08/04/2016 08/04/16 | Price Changed | $49,800 | +57.4% | $100 / Sq Ft |
| 08/03/2016 08/03/16 | Pending | -- | -- | -- |
| 07/08/2016 07/08/16 | Off Market | $31,649 | -- | -- |
| 06/30/2016 06/30/16 | Price Changed | $52,500 | +65.9% | $105 / Sq Ft |
| 06/29/2016 06/29/16 | Pending | -- | -- | -- |
| 05/20/2016 05/20/16 | Off Market | $31,649 | -- | -- |
| 05/18/2016 05/18/16 | Price Changed | $64,700 | +104.4% | $129 / Sq Ft |
| 05/17/2016 05/17/16 | Pending | -- | -- | -- |
| 05/10/2016 05/10/16 | Off Market | $31,649 | -- | -- |
| 04/28/2016 04/28/16 | Price Changed | $64,700 | +104.4% | $129 / Sq Ft |
| 04/27/2016 04/27/16 | Pending | -- | -- | -- |
| 04/19/2016 04/19/16 | Off Market | $31,649 | -- | -- |
| 04/19/2016 04/19/16 | For Sale | $64,700 | -- | $129 / 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 | $1,144 | $6,610 | $1,719 | $4,891 |
| 2023 | $1,115 | $5,403 | $1,388 | $4,015 |
| 2022 | $1,115 | $5,403 | $1,388 | $4,015 |
| 2021 | $1,090 | $5,403 | $1,388 | $4,015 |
| 2020 | $771 | $3,461 | $1,135 | $2,326 |
| 2019 | $765 | $3,808 | $1,135 | $2,673 |
| 2018 | $752 | $3,808 | $1,135 | $2,673 |
| 2017 | $580 | $2,695 | $946 | $1,749 |
| 2016 | $540 | $2,695 | $946 | $1,749 |
| 2015 | $494 | $2,695 | $946 | $1,749 |
| 2014 | $391 | $2,107 | $804 | $1,303 |
| 2013 | $383 | $2,107 | $804 | $1,303 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Waters
B
Seller's Agent in 2025
Brian Waters
Mentor Listing Realty Inc.
(866) 269-1006
1 in this area
495 Total Sales
-
Grigory Pekarsky
Buyer's Agent in 2025
Grigory Pekarsky
Vesta Preferred LLC
(773) 974-8014
5 in this area
1,785 Total Sales
-
P
Seller's Agent in 2016
Paul Rakowski
Owners.com
-
Rebecca Singh
Buyer's Agent in 2016
Rebecca Singh
HomeSmart Realty Group
(630) 205-0935
33 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12337601
APN: 17-27-310-093-1066
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