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3041 S Michigan Avenue Unit 501

Chicago, IL 60616

1 bed
1 bath
1,200 sqft
$125 per sqft
1968 build
– on site

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!

Listing courtesy of MRED / eXp Realty as distributed by MLS GRID

Last checked: Checking… • Last updated Jul 12, 2025 •

MLS# 12415649 —

The Building

Year Built:

1968
Rebuilt:

No
New Construction:

false
Construction Materials:

Brick
Basement:

None
Disability Access:

No
Stories Total:

5
Living Area Source:

Other
Entry Level:

5

Interior

Room Type:

Other Room
Rooms Total:

2

Room Dimensions

Living Area:

1200

Location

Directions:

31ST STREET TO INDIANA NORTH TO 3041
Location:

93989

The Property

Parcel Number:

17273100931388
Property Type:

Residential
Location:

O
Lot Size Dimensions:

COMMON
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

1920

Beds

Bedrooms Total:

1
Bedrooms Possible:

1

Baths

Baths:

1
Full Baths:

1

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Natural Gas, Radiant
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School District:

299
Middle Or Junior School District:

299
High School District:

299

The Community

Pets Allowed:

Cats OK
Association Fee:

548
Association Fee Includes:

Heat, Water, Gas, Security, Pool, Snow Removal
Association Fee Frequency:

Monthly
Master Assoc Fee Frequency:

Not Required

Parking

Parking Total:

1
Parking Features:

On Site

Monthly cost estimate

Asking price

$150,000

Expense	Monthly cost
Mortgage	$803
Taxes	$160
Insurance	$41
HOA fees	$548
Utilities	$138 See report
Total	$1,690/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
7/10/25 Jul 10, 2025	Listed / Active	MRED	$150,000

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This condo located in South Side, Chicago, IL 60616 is currently for sale for $150,000. 3041 S Michigan Avenue Unit 501 is a 1,200 square foot condo with 1 bed and 1 bath that has been on Estately for 3 days. 3041 S Michigan Avenue Unit 501 is in the South Side neighborhood of Chicago and has a WalkScore® of 60, making it somewhat walkable. This condo is in the attendance area of Phillips Academy High School and John B Drake Elementary School.

Listing courtesy of MRED, eXp Realty, and Michelle Pemberton as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Jul 12, 2025, 01:50 am. 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.