2941 S Michigan Ave Apt 407, Chicago, IL
1 bd · 1 ba · 769 sqft Condo listed at $149,500, built in 1968 in the South Commons neighborhood.
About this home
Welcome to this beautifully renovated 1-bedroom, 1-bathroom corner unit located in the highly sought-after South Commons community. This stunning home has been thoughtfully updated from top to bottom, blending modern finishes with timeless style, open space featuring stainless steel appliances, sleek quartz countertops, and soft-close cabinetry in the kitchen-perfect for both everyday living and entertaining. The custom-designed bathroom includes a one-of-a-kind vanity, crafted specifically for the space. Luxury vinyl plank flooring flows seamlessly throughout the unit, adding warmth and a contemporary touch. Beyond the unit, enjoy access to a suite of exclusive building amenities, including heated outdoor swimming pool - ideal for relaxing or entertaining, modern elevator access for convenience and ease, secure storage for added space and organization, on-site manager and engineer, ensuring peace of mind and top-tier maintenance, and coin laundry facilities for everyday convenience! Schedule your private showing today and experience elevated living at South Commons.
Property details
- Price
- $149,500
- Bedrooms
- 1
- Bathrooms
- 1
- Interior
- 769 sqft
- Price / sqft
- $194
- Year built
- 1968
- Type
- Condo
- Days on market
- 194
- Est. property tax
- $3,110/yr · $259/mo · 2.08% IL avg
- HOA
- $548/mo
- Last sold
- $130,000 · Nov 2024
Estimated monthly payment
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Price history
▼ 3.5%Most recent change on 2025-11-10: $155,000 → $149,500.
- Nov 10, 2025$149,500Price change
- Oct 13, 2025$155,000Initial list price
- Feb 3, 2025$155,000Initial list price
- Nov 15, 2024$130,000Sold
- Dec 21, 2020$78,000Sold
- Aug 25, 2020$78,000Sold
- May 29, 2020$99,900Price change
- Jan 16, 2020$124,900Initial list price
- Aug 25, 2006$134,000Sold
- Jun 30, 2004$96,500Sold
Location
This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.
About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)
Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.
Home Intelligence
Neighborhood (zip 60616)
This neighborhood is primarily renter-occupied (38% owner-occupied). Median age is 37.6; 26% hold a bachelor's degree; median household income is $72,326.
- Median income
- $72,326
- Median age
- 37.6
- Owner-occupied
- 37.9%
- Bachelor's degree
- 25.7%
- Census median home value
- $391,100
Source: US Census Bureau American Community Survey 5-year estimates.
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