Chic City Living in the Heart of South Commons! Welcome to this beautifully updated 1-bedroom, 1-bath condo offering modern comfort and unbeatable convenience. Located in a well-maintained elevator building, this bright and spacious unit features an open floor plan, floor-to-ceiling windows, and stunning views of the city skyline and landscaped courtyard. The updated kitchen boasts stainless steel appliances, granite countertops, and ample cabinet space. Generously sized bedroom with great closet storage. Enjoy summer evenings on your private balcony or take a stroll through the lush grounds of the South Commons community. Building amenities include secure entry, on-site management, laundry facilities, and access to a seasonal outdoor pool. Steps from public transit, IIT, Mercy Hospital, Wintrust Arena, and the lakefront. Owner friendly and move-in ready - this is urban living at its finest!
Closed
$155,000
3041 S Michigan Ave Unit 501, Chicago, IL 60616
1beds
1,200sqft
Condominium, Single Family Residence
Built in 1968
-- sqft lot
$163,500 Zestimate®
$129/sqft
$1,506 Estimated rent
Home value
$163,500
$147,000 - $181,000
$1,506/mo
Zestimate® history
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Private balconyModern comfortFloor-to-ceiling windowsGenerously sized bedroomGreat closet storageOpen floor planBright and spacious unit
Zillow last checked:
Listing updated:
Listed by:
Michelle Pemberton 708-369-9986,
eXp Realty
Bought with:
Rima Odeh
Better Homes & Gardens Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12415649
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Other Room
Primary bedroom
- Features: Bathroom (Full)
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Kitchen
- Level: Main
- Area: 225 Square Feet
- Dimensions: 15X15
Other
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Heating
- Natural Gas, Radiant
Cooling
- Central Air
Features
- Basement: None
Interior area
- Total structure area: 0
- Total interior livable area: 1,200 sqft
Property
Parking
- Total spaces: 1
- Parking features: On Site
Accessibility
- Accessibility features: No Disability Access
Details
- Parcel number: 17273100931388
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Single Family Residence
Materials
- Brick
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: Yes
- Services included: Heat, Water, Gas, Security, Pool, Snow Removal
- HOA fee: $548 monthly
Location
- Region: Chicago
Financial & listing details
- Price per square foot: $129/sqft
- Tax assessed value: $119,060
- Annual tax amount: $1,920
- Date on market: 7/10/2025
- Listing terms: Conventional
- Ownership: Condo
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2025 | Sold | $155,000+3.3%$129/sqft |
Source:  MRED as distributed by MLS GRID #12415649 Report a problem | ||
| 7/24/2025 | Pending sale | $150,000$125/sqft |
Source: MRED as distributed by MLS GRID #12415649 Report a problem | ||
| 7/10/2025 | Listed for sale | $150,000+32.7%$125/sqft |
Source: MRED as distributed by MLS GRID #12415649 Report a problem | ||
| 2/26/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/27/2020 | Listing removed | $1,250$1/sqft |
Source: Owner Report a problem | ||
| 9/5/2020 | Listed for rent | $1,250$1/sqft |
Source: Owner Report a problem | ||
| 10/21/2019 | Listing removed | $1,250$1/sqft |
Source: Owner Report a problem | ||
| 7/25/2019 | Price change | $1,250-3.8%$1/sqft |
Source: Owner Report a problem | ||
| 5/15/2019 | Listed for rent | $1,300$1/sqft |
Source: Owner Report a problem | ||
| 1/14/2005 | Sold | $113,000+46.8%$94/sqft |
Source: Public Record Report a problem | ||
| 11/2/1999 | Sold | $77,000$64/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,238 +16.5% | $11,906 +31.2% |
| 2023 | $1,920 +2.6% | $9,072 |
| 2022 | $1,872 +2.3% | $9,072 |
| 2021 | $1,830 +41.3% | $9,072 +56.1% |
| 2020 | $1,295 +0.8% | $5,811 -9.1% |
| 2019 | $1,285 +1.7% | $6,394 |
| 2018 | $1,263 +410.3% | $6,394 +41.3% |
| 2017 | $247 -39.1% | $4,525 |
| 2016 | $406 +16.5% | $4,525 |
| 2015 | $349 +93.8% | $4,525 +27.9% |
| 2014 | $180 +8.8% | $3,538 |
| 2013 | $165 -41% | $3,538 -12.7% |
| 2012 | $280 -65.7% | $4,055 -42.5% |
| 2011 | $815 -4.3% | $7,052 |
| 2010 | $852 -22.4% | $7,052 -20% |
| 2009 | $1,097 +1% | $8,815 -9.1% |
| 2008 | $1,086 +3.2% | $9,697 -10.4% |
| 2007 | $1,053 +0.8% | $10,817 |
| 2006 | $1,044 -2.5% | $10,817 +29% |
| 2005 | $1,071 +2.8% | $8,385 |
| 2004 | $1,042 +19.3% | $8,385 |
| 2003 | $874 -20.1% | $8,385 +6% |
| 2002 | $1,094 | $7,910 |
| 2001 | -- | $7,910 |
Find assessor info on the county website
Neighborhood: South Commons
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Nearby schools
GreatSchools rating
- 4/10Drake Elementary SchoolGrades: PK-8Distance: 0.4 mi
- 1/10Phillips Academy High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$163,500
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Estimated market value
$163,500
- Illinois
- Cook County
- Chicago
- 60616
- South Commons
- 3041 S Michigan Ave Unit 501
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