South Commons 3001 S Michigan Ave Unit 507 Chicago, IL 60616
South Commons Neighborhood
2
Beds
1
Bath
1,100
Sq Ft
$612/mo
HOA Fee
Highlights
- In Ground Pool
- Balcony
- Storage
- Landscaped Professionally
- Breakfast Bar
- 4-minute walk to Paul Laurence Dunbar Park
About This Home
As of March 2025BANK OWNED PROPERTY! LUXURIOUS 2 BEDROOM CONDO WITH GREAT VIEWS (NORTH, EAST AND WEST) IN SOUTH COMMONS! UNIT NEWLY PAINTED AND IN MOVE-IN CONDITION. SECURE, PROFESSIONALLY MANAGED ELEVATOR BUILDING NEAR ITT, CHINATOWN, LOOP, METRA/CTA BUSES AND TRAINS. BUILDING AMENITIES INCLUDE 2 OUTDOOR SWIMMING POOL AND ON-SITE STORAGE. PARKING AVAILABLE FOR $65/M. UNIT BEING SOLD AS IS.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,652
Year Built
- 1964
Lot Details
- East or West Exposure
- Landscaped Professionally
HOA Fees
- $612 per month
Home Design
- Brick Exterior Construction
- Slab Foundation
- Concrete Siding
Kitchen
- Breakfast Bar
- Oven or Range
- Dishwasher
Parking
- Parking Available
- Off-Street Parking
- Assigned Parking
Outdoor Features
- In Ground Pool
Utilities
- 3+ Cooling Systems Mounted To A Wall/Window
- Heating System Uses Gas
- Radiant Heating System
- Lake Michigan Water
Additional Features
- Storage
- North or South Exposure
- Property is near a bus stop
Community Details
Amenities
- Common Area
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 19, 2024
Closed on
Mar 3, 2025
Sold by
Chang Chunling and Chong George Zhangxin
Bought by
Loggins Luther
Seller's Agent
Mary Kong
Hometown Real Estate Group LLC
Buyer's Agent
Robert Teverbaugh
Century 21 Circle
List Price
$145,000
Sold Price
$139,000
Premium/Discount to List
-$6,000
-4.14%
Views
175
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
$4,163
Avg. Annual Appreciation
8.54%
Original Mortgage
$134,830
Outstanding Balance
$134,719
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$8,444
Purchase Details
Listed on
Mar 10, 2015
Closed on
Apr 6, 2015
Sold by
Westvue Property I Llc
Bought by
Chang Chunling
Seller's Agent
Frank Nash
Baird & Warner
Buyer's Agent
Mary Kong
Hometown Real Estate Group LLC
List Price
$80,000
Sold Price
$91,888
Premium/Discount to List
$11,888
14.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.26%
Purchase Details
Listed on
Mar 10, 2015
Closed on
Feb 25, 2015
Sold by
Westvue Npl Trust
Bought by
Westvue Property I Llc
Seller's Agent
Frank Nash
Baird & Warner
Buyer's Agent
Mary Kong
Hometown Real Estate Group LLC
List Price
$80,000
Sold Price
$91,888
Premium/Discount to List
$11,888
14.86%
Purchase Details
Closed on
Jan 15, 2015
Sold by
Nad Aquisition Reo Inc
Bought by
Westvue Npl Trust
Purchase Details
Closed on
Apr 14, 2014
Sold by
Wynne Leslie
Bought by
Nad Acquisition Reo Inc
Purchase Details
Closed on
Jan 9, 2006
Sold by
Fung Chak Man
Bought by
Wynne Leslie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
7.85%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 28, 2001
Sold by
South Commons Llc
Bought by
Fung Chak Man
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,450
Interest Rate
6.97%
Mortgage Type
Unknown
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 | $139,000 | None Listed On Document | |
| Warranty Deed | $92,000 | Baird & Warner Title Svcs In | |
| Quit Claim Deed | -- | Baird & Warner Title Svcs In | |
| Special Warranty Deed | $46,942 | None Available | |
| Sheriffs Deed | -- | Premier Title | |
| Warranty Deed | $162,000 | Cti | |
| Special Warranty Deed | $117,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $134,830 | New Conventional | |
| Previous Owner | $129,600 | Unknown | |
| Previous Owner | $32,400 | Stand Alone Second | |
| Previous Owner | $99,450 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/07/2025 03/07/25 | Sold | $139,000 | 0.0% | $126 / Sq Ft |
| 02/28/2025 02/28/25 | Off Market | $139,000 | -- | -- |
| 01/30/2025 01/30/25 | Pending | -- | -- | -- |
| 01/28/2025 01/28/25 | Price Changed | $140,000 | -3.4% | $127 / Sq Ft |
| 12/19/2024 12/19/24 | For Sale | $145,000 | +57.8% | $132 / Sq Ft |
| 04/09/2015 04/09/15 | Sold | $91,888 | +14.9% | $84 / Sq Ft |
| 03/13/2015 03/13/15 | Pending | -- | -- | -- |
| 03/10/2015 03/10/15 | For Sale | $80,000 | -- | $73 / 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 | $2,652 | $15,329 | $3,987 | $11,342 |
| 2023 | $2,585 | $12,531 | $3,220 | $9,311 |
| 2022 | $2,585 | $12,531 | $3,220 | $9,311 |
| 2021 | $2,527 | $12,530 | $3,219 | $9,311 |
| 2020 | $1,788 | $8,027 | $2,633 | $5,394 |
| 2019 | $1,774 | $8,832 | $2,633 | $6,199 |
| 2018 | $1,745 | $8,832 | $2,633 | $6,199 |
| 2017 | $1,345 | $6,250 | $2,194 | $4,056 |
| 2016 | $1,252 | $6,250 | $2,194 | $4,056 |
| 2015 | $1,145 | $6,250 | $2,194 | $4,056 |
| 2014 | $907 | $4,887 | $1,865 | $3,022 |
| 2013 | $889 | $4,887 | $1,865 | $3,022 |
Source: Public Records
Agents Affiliated with this Home
-
Mary Kong
M
Seller's Agent in 2025
Mary Kong
Hometown Real Estate Group LLC
(847) 630-9290
3 in this area
31 Total Sales
-
Robert Teverbaugh
Buyer's Agent in 2025
Robert Teverbaugh
Century 21 Circle
(773) 203-8709
1 in this area
130 Total Sales
-
Frank Nash
F
Seller's Agent in 2015
Frank Nash
Baird Warner
(847) 275-7457
10 Total Sales
About South Commons
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD08858505
APN: 17-27-310-093-1506
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