NOT LISTED FOR SALE

South Commons 3001 S Michigan Ave Unit 1206 Chicago, IL 60616

South Commons Neighborhood

Estimated Value: $106,000 - $108,054

-- Bed
1 Bath
460 Sq Ft
$340/mo HOA Fee

Last Sold March 12, 2025

Last sale price $104,000 $226 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,019/month

6 Days on Market

Highlights

  • Lock-and-Leave Community
  • Tennis Courts
  • Walk-In Closet
  • Community Pool
  • Elevator
  • 4-minute walk to Paul Laurence Dunbar Park

About This Home

As of March 2025

Why rent when you can own this stunning studio with breathtaking views? Enjoy a bright, sunlit living space that opens to a generous 16-foot balcony-perfect for relaxing or entertaining. The building features a refreshing swimming pool, convenient coin laundry, and free street parking. Ideally located just minutes from Downtown, this home is within walking distance of Lake Shore Drive, IIT, the Illinois College of Optometry, De La Salle Institute, VanderCook College of Music, Jewel-Osco, and Lake Meadows Shopping Center. Outdoor enthusiasts will love nearby Dunbar Park, offering playgrounds, a running track, and tennis courts. Don't miss this opportunity to own in a prime location!

Last Agent to Sell the Property

Rosemary Maya

Realty of America, LLC License #475204679 Listed on: 02/06/2025

Realty of America, LLC

Last Buyer's Agent

Cory Tanzer

Option Premier LLC License #475167115

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,313

Year Built

  • Built in 1969

Lot Details

  • 8.39

HOA Fees

  • $340 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Studio
  • Brick Exterior Construction

Interior Spaces

  • 460 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • Walk-In Closet
  • 1 Full Bathroom

Utilities

  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, air conditioning, water, security, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 206 Units
  • South Commons Phase Association, Phone Number (312) 842-9720
  • High-Rise Condominium
  • Property managed by South Commons Phase 1 Condominium Association
  • Lock-and-Leave Community
  • 24-Story Property

Amenities

  • Coin Laundry
  • Elevator

Recreation

  • Tennis Courts
  • Park

Pet Policy

  • Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,313

Year Built

Built in 1969

Lot Details

0

HOA Fees

$340 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories),Studio
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories),Studio
  • Year Built: 1969
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 24

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 460
  • Room Type: Walk In Closet
  • Stories Total: 24
  • Estimated Total Finished Sq Ft: 0
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • List Price: 109900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street, Other

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Radiant
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 340
  • Association Amenities: Coin Laundry, Elevator(s), Storage, On Site Manager/Engineer, Park, Pool, Security Door Lock(s), Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • Management Company: South Commons Phase 1 Condominium Association
  • Management Contact Name: South commons phase
  • Management Phone: 312-842-9720
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Air Conditioning, Water, Security, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No

Tax Info

  • Tax Annual Amount: 1312.6
  • Tax Year: 2023

Multi Family

  • Units in Building: 206

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2025
Closed on
Mar 25, 2025
Sold by
Tang Beibei and Gonzalez Carlos Johan
Bought by
Contreras Julia
Seller's Agent
Rosemary Maya
Realty of America, LLC
Buyer's Agent
Cory Tanzer
Option Premier LLC
List Price
$109,900
Sold Price
$104,000
Premium/Discount to List
-$5,900
-5.37%
Total Days on Market
6
Views
40
Current Estimated Value
$107,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,264
Avg. Annual Appreciation
6.65%
Original Mortgage
$83,200
Outstanding Balance
$82,919
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$24,345

Purchase Details

Listed on
May 27, 2021
Closed on
Jul 19, 2021
Sold by
Chicago Title Land Trust Company
Bought by
Tang Beibei
Seller's Agent
Dennis Guno
American International Realty Corp.
Buyer's Agent
Stephanie Seplowin
Coldwell Banker Realty
List Price
$74,900
Sold Price
$74,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.49%

Purchase Details

Closed on
Sep 7, 2016
Sold by
Santos Virginia O
Bought by
Chicago Title Land Trust Co and Trust Number 8002372348

Purchase Details

Closed on
May 15, 2015
Sold by
Santos Eduardo B and Santos Virginia O
Bought by
Santos Eduardo B and Santos Virginia O

Purchase Details

Closed on
Dec 29, 2000
Sold by
South Commons Llc
Bought by
Santos Eduardo B and Santos Virginia O
Source: Public Records

Range of Values:

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Average Value
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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
Contreras Julia $104,000 Fidelity National Title
Tang Beibei $75,000 First American Title
Chicago Title Land Trust Co -- Chicago Title Insurance Comp
Santos Eduardo B -- Attorney
Santos Eduardo B $46,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Contreras Julia $83,200
Previous Owner Tang Beibei $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2025 03/12/25 Sold $104,000 -5.4% $226 / Sq Ft
02/12/2025 02/12/25 Pending -- -- --
02/06/2025 02/06/25 For Sale $109,900 +46.7% $239 / Sq Ft
07/29/2021 07/29/21 Sold $74,900 0.0% $125 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
05/26/2021 05/26/21 For Sale $74,900 -- $125 / 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 $1,193 $6,897 $1,794 $5,103
2023 $1,163 $5,638 $1,449 $4,189
2022 $1,163 $5,638 $1,449 $4,189
2021 $1,137 $5,637 $1,448 $4,189
2020 $804 $3,611 $1,184 $2,427
2019 $798 $3,972 $1,184 $2,788
2018 $785 $3,972 $1,184 $2,788
2017 $605 $2,811 $987 $1,824
2016 $563 $2,811 $987 $1,824
2015 $515 $2,811 $987 $1,824
2014 $408 $2,198 $839 $1,359
2013 $400 $2,198 $839 $1,359
Source: Public Records

Agents Affiliated with this Home

  • Rosemary Maya

    Seller's Agent in 2025

    Rosemary Maya

    Realty of America, LLC

    (312) 632-3527

    1 in this area

    44 Total Sales

    Rosemary Maya
    Section Image
  • Cory Tanzer

    Buyer's Agent in 2025

    Cory Tanzer

    Option Premier LLC

    (312) 218-4483

    4 in this area

    462 Total Sales

    Cory Tanzer
    Section Image

  • D

    Seller's Agent in 2021

    Dennis Guno

    American International Realty Corp.

    (847) 720-5185

    1 in this area

    44 Total Sales

    Dennis Guno
    Section Image
  • Stephanie Seplowin

    Buyer's Agent in 2021

    Stephanie Seplowin

    Coldwell Banker Realty

    (847) 561-1008

    1 in this area

    238 Total Sales

    Stephanie Seplowin
    Section Image
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About South Commons

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12285332

Midwest Real Estate Data (MRED)

APN: 17-27-310-093-1568

Illinois Cook County Chicago 60616 South Commons

3001 S Michigan Ave Unit 1206, Chicago, IL

This home is located at 3001 S Michigan Ave Unit 1206, Chicago, IL 60616 since 06 February 2025 and is currently estimated at $107,264, approximately $233 per square foot. This property was built in 1969. 3001 S Michigan Ave Unit 1206 is a home located in Cook County with nearby schools including Drake Elementary School, Wendell Phillips Academy High School, and St. Jerome Catholic School.

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