NOT LISTED FOR SALE

3041 S Michigan Ave Unit 30411 Chicago, IL 60616

South Commons Neighborhood

Estimated Value: $95,000 - $109,232

-- Bed
1 Bath
600 Sq Ft
$275/mo HOA Fee

Last Sold December 13, 2019

Last sale price $60,000 $100 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $877/month

19 Days on Market

About This Home

As of December 2019

This home is located at 3041 S Michigan Ave Unit 30411, Chicago, IL 60616 since 12 October 2019 and is currently estimated at $104,058, approximately $173 per square foot. This property was built in 1964. 3041 S Michigan Ave Unit 30411 is a home located in Cook County with nearby schools including Drake Elementary School, Wendell Phillips Academy High School, and De La Salle Institute - Institute Campus.

Last Agent to Sell the Property

Xiaohuang Wu

AiHome Realty Group LLC License #471019897 Listed on: 10/12/2019

Last Buyer's Agent

Wing Ho

Chi Real Estate Group LLC License #471017833

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $421

Year Built

  • 1964

Lot Details

  • 8.39

HOA Fees

  • $275 per month

Home Design

  • Brick Exterior Construction
  • Concrete Siding

Location

  • Property is near a bus stop

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Radiator

Property Details

Home Type

Condominium

Est. Annual Taxes

$421

Year Built

1964

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus
  • Unit Floor Level: 1
  • Age: 51-60 Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: 1964
  • Type Attached: Studio
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built: 1964

Interior Features

  • Number Of Rooms: 1
  • Kitchen Type: Dimensions: 4X6, On Level: Main Level
  • Additional Rooms: No additional rooms
  • Estimated Sq Ft: 600

Exterior Features

  • Exterior Building Type: Brick, Concrete

Utilities

  • Air Conditioner: 1 (Window/Wall Unit)
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Radiators

Condo/Co-op/Association

  • Fee Frequency: Monthly
  • Management: Manager On-site
  • Pet Information: No Pets
  • Assessment Includes: Heat, Water, Gas, Common Insurance, Security, Pool, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 275
  • Management Contact Name: Cortney Cox
  • Management Phone: 312-842-9720

Fee Information

  • Management Company: South Common Condo Association

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 17273100931343

Multi Family

  • Total Number Unitsin Building: 68
  • Number Stories: 1

Tax Info

  • Taxes: 569.58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2019
Closed on
Dec 10, 2019
Sold by
Wang Yi
Bought by
Wells Bryant A
Seller's Agent
Xiaohuang Wu
AiHome Realty Group LLC
Buyer's Agent
Wing Ho
Chi Real Estate Group LLC
List Price
$65,000
Sold Price
$60,000
Premium/Discount to List
-$5,000
-7.69%
Current Estimated Value
$104,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,058
Avg. Annual Appreciation
9.71%
Original Mortgage
$48,000
Outstanding Balance
$42,581
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$58,916

Purchase Details

Listed on
Jul 22, 2014
Closed on
Nov 10, 2014
Sold by
Ragel Jorme
Bought by
Wang Yi
Seller's Agent
Jay Caracci
HomeSmart Connect LLC
Buyer's Agent
Daniel Xia
Compass
List Price
$56,900
Sold Price
$45,500
Premium/Discount to List
-$11,400
-20.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.59%

Purchase Details

Closed on
May 24, 2011
Sold by
Usa Rental Fund Llc
Bought by
Rangel Jorme

Purchase Details

Closed on
Sep 30, 2010
Sold by
Fannie Mae
Bought by
Usa Rental Fund Llc

Purchase Details

Closed on
Oct 22, 2009
Sold by
Winfield Anthony
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 30, 2007
Sold by
Stone Richard L
Bought by
Winfield Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2005
Sold by
Stone Richard L
Bought by
Hill Al and Hill Dorothy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,800
Interest Rate
5.91%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 21, 2000
Sold by
South Commons Llc
Bought by
Stone Richard L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,953
Interest Rate
8.31%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 15, 1999
Sold by
South Commons Llc
Bought by
Stone Richard L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,825
Interest Rate
7.88%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wells Bryant A $60,000 Chicago Title
Wang Yi $45,500 None Available
Rangel Jorme $25,000 Cti
Usa Rental Fund Llc $5,000 None Available
Federal National Mortgage Association -- None Available
Winfield Anthony $82,500 Republic Title Co
Hill Al $72,500 Multiple
Stone Richard L $35,500 --
Stone Richard L $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wells Bryant A $48,000
Previous Owner Winfield Anthony $82,000
Previous Owner Hill Al $57,800
Previous Owner Stone Richard L $62,400
Previous Owner Stone Richard L $17,000
Previous Owner Stone Richard $36,953
Previous Owner Stone Richard L $31,825
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2019 12/13/19 Sold $60,000 -7.7% $100 / Sq Ft
11/04/2019 11/04/19 For Sale $65,000 +8.3% $108 / Sq Ft
10/31/2019 10/31/19 Pending -- -- --
10/30/2019 10/30/19 Off Market $60,000 -- --
10/12/2019 10/12/19 For Sale $65,000 +42.9% $108 / Sq Ft
11/10/2014 11/10/14 Sold $45,500 -9.0% $89 / Sq Ft
10/20/2014 10/20/14 Pending -- -- --
09/30/2014 09/30/14 Price Changed $50,000 -5.5% $97 / Sq Ft
09/23/2014 09/23/14 Price Changed $52,900 -3.6% $103 / Sq Ft
08/20/2014 08/20/14 Price Changed $54,900 -3.5% $107 / Sq Ft
07/22/2014 07/22/14 For Sale $56,900 -- $111 / 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 $421 $6,490 $1,688 $4,802
2023 $1,095 $5,305 $1,363 $3,942
2022 $1,095 $5,305 $1,363 $3,942
2021 $1,070 $5,305 $1,363 $3,942
2020 $757 $3,399 $1,115 $2,284
2019 $751 $3,739 $1,115 $2,624
2018 $739 $3,739 $1,115 $2,624
2017 $570 $2,646 $929 $1,717
2016 $530 $2,646 $929 $1,717
2015 $485 $2,646 $929 $1,717
2014 $384 $2,068 $789 $1,279
2013 $376 $2,068 $789 $1,279
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10546316

Midwest Real Estate Data (MRED)

APN: 17-27-310-093-1343