South Commons 3001 S Michigan Ave Unit 1601 Chicago, IL 60616
South Commons Neighborhood
2
Beds
2
Baths
1,100
Sq Ft
$698/mo
HOA Fee
Highlights
- Lake Front
- Landscaped Professionally
- End Unit
- In Ground Pool
- Property is near a park
- 4-minute walk to Paul Laurence Dunbar Park
About This Home
As of February 2024Bronzeville love nest is awaiting a new owner at the south commons condo. This 2 bedroom 2 bath features custom stone floors and carpet throughout , remodeled granite kitchen with extended cabinetry and breakfast bar. Freshly painted with custom California closet throughout this unit . This corner unit has 2 balconies with unobstructed view of lake Michigan on the east and an unobstructed view to the north of the loop skyline and Mc Cormick place . There are 2 swimming pools and private parking .This unit is within 15 minutes of IIT college , Whit Sox Park , Soldier Field , Wintrust Stadium, The Museum Campus , Mercy Hospital , and Lake Michigan. This 16th floor is in a quiet building with 24 hour maintenance , security and more ...... seller looking for a desktop underwriting approval or a cash buyer
Last Agent to Sell the Property
Mills Realty Inc License #471006566 Listed on: 08/08/2018
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,772
Year Built
- 1971
Lot Details
- Lake Front
- End Unit
- East or West Exposure
- Landscaped Professionally
HOA Fees
- $698 per month
Home Design
- Concrete Siding
Kitchen
- Breakfast Bar
- Oven or Range
- Microwave
Home Security
Outdoor Features
- In Ground Pool
Location
- Property is near a park
- City Lot
Utilities
- Two Cooling Systems Mounted To A Wall/Window
- Radiant Heating System
- Lake Michigan Water
Additional Features
- Water Views
- Laminate Flooring
- Primary Bathroom is a Full Bathroom
- North or South Exposure
Community Details
- Common Area
- Storm Screens
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 8, 2024
Closed on
Feb 14, 2024
Sold by
Velaga Raghu K and Velaga Padmavathi Devi
Bought by
Vilminot Maddison
Seller's Agent
Jessica Tsang
eXp Realty
Buyer's Agent
Angelica Hallam
THE NAV AGENCY
List Price
$173,000
Sold Price
$185,000
Premium/Discount to List
$12,000
6.94%
Views
62
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
$2,558
Avg. Annual Appreciation
1.27%
Original Mortgage
$175,750
Outstanding Balance
$173,502
Interest Rate
6.63%
Mortgage Type
Construction
Estimated Equity
$14,894
Purchase Details
Listed on
Aug 8, 2018
Closed on
Jan 28, 2019
Sold by
West James A
Bought by
Velaga Raghu K and Medisetty Padmavathi Devi
Seller's Agent
Leroy Viamille
Mills Realty Inc
Buyer's Agent
Leroy Viamille
Mills Realty Inc
List Price
$162,000
Sold Price
$138,000
Premium/Discount to List
-$24,000
-14.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%
Original Mortgage
$131,100
Interest Rate
4.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 25, 2001
Sold by
South Commons Llc
Bought by
West James A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,500
Interest Rate
7.43%
Mortgage Type
FHA
Similar Homes in Chicago, IL
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 | $185,000 | None Listed On Document | |
| Warranty Deed | $138,000 | First American Title | |
| Warranty Deed | $135,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $175,750 | Construction | |
| Previous Owner | $101,000 | New Conventional | |
| Previous Owner | $131,100 | New Conventional | |
| Previous Owner | $152,250 | New Conventional | |
| Previous Owner | $156,000 | Unknown | |
| Previous Owner | $19,000 | Credit Line Revolving | |
| Previous Owner | $148,000 | Unknown | |
| Previous Owner | $35,743 | Unknown | |
| Previous Owner | $128,500 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/22/2024 02/22/24 | Sold | $185,000 | +6.9% | $168 / Sq Ft |
| 01/19/2024 01/19/24 | Pending | -- | -- | -- |
| 01/08/2024 01/08/24 | For Sale | $173,000 | +25.4% | $157 / Sq Ft |
| 01/28/2019 01/28/19 | Sold | $138,000 | -7.4% | $125 / Sq Ft |
| 11/14/2018 11/14/18 | Pending | -- | -- | -- |
| 11/13/2018 11/13/18 | Price Changed | $149,000 | -3.9% | $135 / Sq Ft |
| 10/22/2018 10/22/18 | Price Changed | $155,000 | -4.3% | $141 / Sq Ft |
| 10/03/2018 10/03/18 | For Sale | $162,000 | 0.0% | $147 / Sq Ft |
| 09/27/2018 09/27/18 | Pending | -- | -- | -- |
| 08/08/2018 08/08/18 | For Sale | $162,000 | -- | $147 / 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 | $2,772 | $16,022 | $4,167 | $11,855 |
| 2023 | $2,702 | $13,097 | $3,365 | $9,732 |
| 2022 | $2,702 | $13,097 | $3,365 | $9,732 |
| 2021 | $1,432 | $13,097 | $3,365 | $9,732 |
| 2020 | $625 | $8,390 | $2,752 | $5,638 |
| 2019 | $614 | $9,231 | $2,752 | $6,479 |
| 2018 | $602 | $9,231 | $2,752 | $6,479 |
| 2017 | $98 | $6,533 | $2,294 | $4,239 |
| 2016 | $451 | $6,533 | $2,294 | $4,239 |
| 2015 | $373 | $6,533 | $2,294 | $4,239 |
| 2014 | $131 | $5,108 | $1,949 | $3,159 |
| 2013 | $451 | $5,108 | $1,949 | $3,159 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Jessica Tsang
eXp Realty
(312) 804-4292
2 in this area
25 Total Sales
-
A
Buyer's Agent in 2024
Angelica Hallam
THE NAV AGENCY
(708) 963-2848
1 in this area
3 Total Sales
-
Seller's Agent in 2019
Leroy Viamille
Mills Realty Inc
(773) 895-6284
80 Total Sales
About South Commons
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10046062
APN: 17-27-310-093-1599
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