3041 S Michigan Avenue # 509
Chicago, IL, 60616 $ 138,000
Bedrooms1 Baths1.0 Sq 800 Monthly Estimate*
$ 861
for $138,000 with 1 bedroom and 1 full bath. This 800 square foot condo was built in 1968.
Discover the potential of this inviting one-bedroom, one-bathroom condo, offering a blend of comfort, convenience, and urban charm. Enjoy your own private balcony-perfect for morning coffee or evening relaxation-creating a peaceful retreat in the heart of the city. Monthly assessments cover essential amenities such as heat, water, gas, common insurance, security, and exterior maintenance, along with seasonal services like lawn care and snow removal. Residents also have access to a sparkling outdoor pool, ideal for unwinding on warm summer days. Located just minutes from downtown Chicago, this condo provides exceptional access to public transportation. The Red Line, Green Line, Metra, and the scenic 31st Street Beach are all within easy walking distance. The neighborhood is surrounded by educational and cultural institutions, including De La Salle Institute, VanderCook College of Music, Illinois Institute of Technology, and The Illinois College of Optometry. Everyday necessities are close by as well, with Jewel-Osco, Lake Meadows Shopping Center, and Mercy Hospital conveniently nearby. This unit may require some TLC depending on your personal preferences and vision for the space. Outdoor enthusiasts will appreciate the proximity to Dunbar Park, which features an interactive water play area, multiple playgrounds, a running track, tennis courts, and a serene reading garden. Additional conveniences include clean, coin-operated laundry facilities located on the building's first floor. SOLD AS IS.
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FeaturesGeneralLiving Area 800
Sewer Public Sewer
Heating Natural Gas
Cooling Wall Unit(s)
Possession Immediate
HOA Fee 617
Association Fee Includes Heat Water Gas Insurance Pool Exterior Maintenance Lawn Care Scavenger Snow Removal
Construction Materials Brick
Pets Allowed Cats OK
Year Built 1968
Township South Chicago
Unit Number 509
Tax Year 2023
Ownership Condo
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Association Amenities Coin Laundry Elevator(s) Storage On Site Manager/Engineer Pool
Subdivision Name South Commons
Total Rooms 5
Full Baths 1
Status New
Directions 31st STREET to INDIANA NORTH to 3041
City Chicago
High School District 299
MLS Area CHI - Douglas
Tax Annual Amount 1920
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Sub Type Condo
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InteriorBasement None
Total Stories 5
Half Baths 0
Total Bedrooms 1
Room Type No additional rooms
Total Baths 1
Bedrooms Possible 1
Total Number of Units 65
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ExteriorExterior Amenities Balcony
Parking Features Assigned Yes Other
Water Source Lake Michigan Public
Total Parking 0
Lot Dimensions COMMON
Waterfront Y/N N
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* Excluded FeaturesList Bytatiana.il.realty@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $861
- Monthly Property Taxes
- $160
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Chicago, IL
Average List Price $629,753
Percent of Sale Price 356%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/3/2026 | $138,000 | | Listed Price |