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2941 S Michigan Ave Apt 504
Condo
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$200,000

$109/sqft

2941 S Michigan Ave Apt 504, Chicago

83% below median
3 bd·3 ba·1,832 sqft
Built 1969South Commons

2941 S Michigan Ave Apt 504, Chicago, IL

3 bd · 3 ba · 1,832 sqft Condo listed at $200,000, built in 1969 in the South Commons neighborhood.

About this home

Beautifully maintained 3-bedroom, 2.5-bath duplex condo located in the historic Bronzeville neighborhood. This spacious unit features soaring ceilings, oversized windows, and abundant natural light throughout. The open living area is ideal for entertaining, and the private balcony overlooks the courtyard and pool. Generously sized bedrooms plus a versatile loft space perfect for a home office, study area, or additional living space. Great opportunity to own a stylish and spacious condo in a convenient location close to transportation, dining, shopping, and downtown Chicago.

Property details

Price
$200,000
Bedrooms
3
Bathrooms
3
Interior
1,832 sqft
Price / sqft
$109
Year built
1969
Type
Condo
Days on market
48
Est. property tax
$4,160/yr · $347/mo · 2.08% IL avg
HOA
$1,533/mo
Last sold
$149,000 · Jan 2023

Estimated monthly payment

Down payment20% ($40,000)
Interest rate6.75%
Principal & Interest$1,038
Property Tax$183
Insurance$150
Total$1,371/mo

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Price history

▼ 9.1%Most recent change on 2026-04-02: $220,000 → $200,000.

$227K$184K$142K$177K on Nov 02 (Sold)$210K on Mar 06 (Sold)$181K on Oct 21 (Initial list)$177K on Dec 21 (Price change)$177K on Feb 22 (Initial list)$177K on Feb 22 (Price change)$171K on Feb 22 (Price change)$181K on Mar 22 (Price change)$177K on Mar 22 (Price change)$171K on May 22 (Initial list)$171K on May 22 (Price change)$171K on Jul 22 (Price change)$171K on Jul 22 (Initial list)$171K on Sep 22 (Price change)$165K on Sep 22 (Initial list)$149K on Jan 23 (Sold)$220K on Mar 26 (Initial list)$200K on Apr 26 (Price change)
$177K · Nov 02$200K · Apr 26
  1. Apr 2, 2026$200,000Price change
  2. Mar 9, 2026$220,000Initial list price
  3. Jan 19, 2023$148,900Sold
  4. Sep 9, 2022$164,999Initial list price
  5. Sep 8, 2022$171,000Price change
  6. Jul 25, 2022$171,000Initial list price
  7. Jul 12, 2022$171,000Price change
  8. May 16, 2022$171,000Price change
  9. May 16, 2022$171,000Initial list price
  10. Mar 29, 2022$177,000Price change
  11. Mar 29, 2022$181,000Price change
  12. Feb 23, 2022$171,000Price change
  13. Feb 7, 2022$177,000Price change
  14. Feb 7, 2022$177,000Initial list price
  15. Dec 2, 2021$177,000Price change
  16. Oct 28, 2021$181,000Initial list price
  17. Mar 28, 2006$210,000Sold
  18. Nov 7, 2002$177,000Sold

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.

Location

Map of 2941 S Michigan Ave Apt 504, Chicago
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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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