NOT LISTED FOR SALE

3041 S Michigan Ave Unit 312 Chicago, IL 60616

South Commons Neighborhood

Estimated Value: $78,000 - $114,000

Studio
1 Bath
-- Sq Ft
8.39 Acres Lot

Sale Details

Date Sold: June 16, 2023

Last sale price $76,000

Est. 21% increase in value since last sale

Current estimated payment $894 / mo

22 Days on Market

Highlights

  • Lock-and-Leave Community
  • Elevator
  • Resident Manager or Management On Site
  • Property is near park
  • Living Room
  • 2-minute walk to Paul Laurence Dunbar Park

About This Home

As of June 2023

Welcome to South Commons!! Lovely 3rd floor studio, move in ready!! Freshly Painted throughout with the desirable gray color that's all the rage right now. New flooring, Bathroom has a new custom built cabinet using heavy pine and is freshly painted. Large inviting balcony space with a southern view and a great breeze. When the tree is in full bloom it adds beautiful shade. Perfect for summer nights. Elevator building is Secure and has a well Maintained common area. Laundry facility and storage available. Parking is available for $90 a month. cedar closet fill this studio with warmth. Updated circuit breakers. No rentals or Airbnb. Spacious studio Close to everything from 90/94 to 55 and Lake Shore Drive! Minutes to Downtown steps to universities, Live directly across the street from Dunbar Park and enjoy all it has to offer!!

Last Agent to Sell the Property

Bridget Campbell

PMA Real Estate, Inc. License #475154118 Listed on: 04/17/2023

Co-Listed By

Stephanie Buchanan

PMA Real Estate, Inc. License #475184588

Last Buyer's Agent

Nicole Hajdu

Baird & Warner License #475130785

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,092

Year Built

  • Built in 1969

Lot Details

  • 8.39

HOA Fees

  • $300 Monthly HOA Fees

Home Design

  • Studio
  • Brick Exterior Construction

Interior Spaces

  • 1 Full Bathroom
  • Family Room
  • Living Room
  • Dining Room
  • Carpet
  • Laundry Room

Parking

  • 1 Parking Space
  • Leased Parking
  • Uncovered Parking
  • Assigned Parking

Location

  • Property is near park

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, air conditioning, water, gas, insurance, security, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 64 Units
  • Manager Association, Phone Number (312) 842-9720
  • Property managed by South Commons
  • Lock-and-Leave Community
  • 5-Story Property

Amenities

  • Coin Laundry
  • Elevator
  • Service Elevator

Pet Policy

  • Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,092

Year Built

Built in 1969

Lot Details

8.39 Acres

HOA Fees

$300 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Studio
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: 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
  • Unit Floor Level: 312
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Type: No additional rooms
  • Stories Total: 5
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0

Exterior Features

  • Lot Features: Park Adjacent
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 1
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Fee/Leased

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Unit - 1
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 300
  • Association Amenities: Coin Laundry, Elevator(s), Security Door Lock(s), Service Elevator(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: South Commons
  • Management Contact Name: Manager
  • Management Phone: 312-842-9720
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No

Tax Info

  • Tax Annual Amount: 1092.18
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 64

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2023
Closed on
Jun 10, 2023
Sold by
Bought by
Seller's Agent
Bridget Campbell
PMA Real Estate, Inc.
Buyer's Agent
Nicole Hajdu
Baird & Warner
List Price
$85,000
Sold Price
$76,000
Premium/Discount to List
-$9,000
-10.59%
Views
69
Current Estimated Value
$91,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,903
Avg. Annual Appreciation
6.63%
Original Mortgage
$72,200
Outstanding Balance
$70,223
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$21,680

Purchase Details

Closed on
Dec 18, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,200
Interest Rate
6.19%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 19, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,750
Interest Rate
6.62%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 7, 2000
Sold by
Bought by
Source: Public Records
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$76,000 Saturn Title
$76,000 Ticor Title Insurance
$75,000 Chicago Title Insurance Co
$35,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $72,200
Previous Owner $72,200
Previous Owner $72,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/16/2023 06/16/23 Sold $76,000 0.0% --
06/07/2023 06/07/23 Off Market $76,000 -- --
05/10/2023 05/10/23 Pending -- -- --
05/01/2023 05/01/23 Price Changed $79,900 -6.0% --
04/17/2023 04/17/23 For Sale $85,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,146 $6,625 $1,723 $4,902
2024 $1,146 $6,625 $1,723 $4,902
2023 $1,117 $5,417 $1,392 $4,025
2022 $1,117 $5,417 $1,392 $4,025
2021 $1,092 $5,415 $1,391 $4,024
2020 $773 $3,469 $1,138 $2,331
2019 $767 $3,817 $1,138 $2,679
2018 $754 $3,817 $1,138 $2,679
2017 $581 $2,701 $948 $1,753
2016 $541 $2,701 $948 $1,753
2015 $495 $2,701 $948 $1,753
2014 $392 $2,112 $806 $1,306
2013 $384 $2,112 $806 $1,306
Source: Public Records

Agents Affiliated with this Home

  • Bridget Campbell

    Seller's Agent in 2023

    Bridget Campbell

    PMA Real Estate, Inc.

    (773) 732-1149

    1 in this area

    14 Total Sales

    Bridget Campbell
    Section Image
  • Stephanie Buchanan

    Seller Co-Listing Agent in 2023

    Stephanie Buchanan

    PMA Real Estate, Inc.

    (773) 499-9056

    1 in this area

    18 Total Sales

    Stephanie Buchanan
    Section Image
  • Nicole Hajdu

    Buyer's Agent in 2023

    Nicole Hajdu

    Baird & Warner

    (773) 727-2199

    1 in this area

    379 Total Sales

    Nicole Hajdu
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11760933

Midwest Real Estate Data (MRED)

APN: 17-27-310-093-1371

Illinois Cook County Chicago 60616 South Commons

3041 S Michigan Ave Unit 312, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.