3021 S Michigan Ave Unit 515 Chicago, IL 60616
South Commons Neighborhood
--
Bed
1
Bath
440
Sq Ft
$316/mo
HOA Fee
Highlights
- Open Floorplan
- Wood Flooring
- Elevator
- Lock-and-Leave Community
- Community Pool
- 4-minute walk to Paul Laurence Dunbar Park
About This Home
As of April 2025Fantastic value! Top-floor studio condo in South Commons with stunning Chicago skyline and park views from a spacious balcony. Minutes from highways, hospitals, universities, shopping, and 31st Street Beach. Open layout combines bedroom, living, and dining areas with hardwood floors. Separate kitchen, full bath with soaking tub, walk-through closet, and floor-to-ceiling windows. In-unit AC, storage cage, and coin laundry on-site. Enjoy amenities including an outdoor pool, landscaped courtyard, elevator, and security with cameras and roaming personnel. Assessments cover gas, water, common insurance, security, pool, lawn care, exterior maintenance, trash removal, and snow clearing. No pets or rentals. Parking available for rent. Welcome home to comfort and convenience!
Last Agent to Sell the Property
Baird & Warner License #475163829 Listed on: 02/19/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,143
Year Built
- Built in 1974
HOA Fees
- $316 Monthly HOA Fees
Home Design
- Studio
- Brick Exterior Construction
Interior Spaces
- 440 Sq Ft Home
- Open Floorplan
- Entrance Foyer
- Family Room
- Living Room
- Dining Room
- Wood Flooring
- Laundry Room
Bedrooms and Bathrooms
- Walk-In Closet
- 1 Full Bathroom
- Soaking Tub
Outdoor Features
- Balcony
Schools
- Drake Elementary School
- Phillips Academy High School
Utilities
- Heating System Uses Natural Gas
- Radiant Heating System
- Lake Michigan Water
Community Details
Overview
- Association fees include heat, water, insurance, security, pool, exterior maintenance, lawn care, scavenger, snow removal
- 679 Units
- Tracy, Mgr Or Asst To Mgr Association, Phone Number (312) 842-9720
- South Commons Subdivision, Midrise Floorplan
- Property managed by South Commons Condominiums
- Lock-and-Leave Community
- 5-Story Property
Amenities
- Coin Laundry
- Elevator
- Community Storage Space
Recreation
- Community Pool
Pet Policy
- No Pets Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 19, 2025
Closed on
Apr 15, 2025
Sold by
Kemp Gabriel
Bought by
Persaud Mark Andrew
Seller's Agent
Gin Albanese
Baird & Warner
Buyer's Agent
Verenice Escareno
Realty of America, LLC
List Price
$110,000
Sold Price
$96,100
Premium/Discount to List
-$13,900
-12.64%
Views
49
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
$4,333
Avg. Annual Appreciation
13.03%
Original Mortgage
$76,880
Outstanding Balance
$76,607
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$23,826
Purchase Details
Listed on
Apr 14, 2021
Closed on
Jun 10, 2021
Sold by
Taylor Lakeshia Lanette
Bought by
Kemp Gabriel
Seller's Agent
Gin Albanese
Baird & Warner
Buyer's Agent
Gin Albanese
Baird & Warner
Sold Price
$69,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.96%
Original Mortgage
$65,550
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 27, 2006
Sold by
Dms Properties Inc
Bought by
Taylor Lakeshia Lanette
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 1, 2000
Sold by
South Commons Llc
Bought by
D M S Properties Inc
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 | $96,500 | Chicago Title Company | |
| Warranty Deed | $69,000 | Proper Title | |
| Warranty Deed | $75,000 | Multiple | |
| Warranty Deed | $41,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $76,880 | New Conventional | |
| Previous Owner | $65,550 | New Conventional | |
| Previous Owner | $75,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/21/2025 04/21/25 | Sold | $96,100 | -12.6% | $218 / Sq Ft |
| 03/18/2025 03/18/25 | Pending | -- | -- | -- |
| 02/19/2025 02/19/25 | For Sale | $110,000 | +59.4% | $250 / Sq Ft |
| 06/11/2021 06/11/21 | Sold | $69,000 | 0.0% | $157 / Sq Ft |
| 04/26/2021 04/26/21 | For Sale | -- | -- | -- |
| 04/25/2021 04/25/21 | Pending | -- | -- | -- |
| 04/14/2021 04/14/21 | For Sale | $69,000 | -- | $157 / 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 | $418 | $5,403 | $1,388 | $4,015 |
| 2020 | $80 | $3,461 | $1,135 | $2,326 |
| 2019 | $76 | $3,808 | $1,135 | $2,673 |
| 2018 | $74 | $3,808 | $1,135 | $2,673 |
| 2017 | $580 | $2,695 | $946 | $1,749 |
| 2016 | $40 | $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
-
Gin Albanese
Seller's Agent in 2025
Gin Albanese
Baird & Warner
(847) 444-9729
4 in this area
32 Total Sales
-
Verenice Escareno
Buyer's Agent in 2025
Verenice Escareno
Realty of America, LLC
(708) 323-8499
1 in this area
67 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12291661
APN: 17-27-310-093-1470
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