2901 S Michigan Avenue # 506 Chicago, IL ^$ 125,000

2901 S Michigan Avenue # 506

^$ 125,000

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2901 S Michigan Avenue # 506

Chicago, IL, 60616

^$ 125,000

Studio Baths1.0 Sq 440

Monthly Estimate*

^$ 770

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Studio

Condo for sale in Chicago, IL

for $125,000 with 1 full bath. This 440 square foot condo was built in 1971.

Studio apartment with an amazing view. Nice size balcony. Everything has been remodeled. New stainless-steel appliances with 1 year manufacturer warranty. Minutes from downtown, steps away from public transportation, White Sox park, Marcy Hospital or Expressway. No rentals per HOA except for hardship situations. Parking available - need to enroll into waitlist.

Condo Active

Price

^$ 125,000

Bedrooms

Studio

Full Bath

Property Type

Condo

Taxes

^$ 1,396

Style

Studio

Year Built

1971

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12651479

Features

General

Living Area 440

Sewer Public Sewer

Heating Electric Radiant

Cooling Window Unit(s)

Possession Closing

Appliances Range Range Hood

HOA Fee 384

Association Fee Includes Heat Air Conditioning Water Gas Insurance Security Exterior Maintenance Lawn Care Scavenger Snow Removal

Construction Materials Brick Concrete

Pets Allowed Cats OK Dogs OK

Year Built 1971

Electric 100 Amp Service

Township South Chicago

Unit Number 506

Tax Year 2024

Ownership Condo

Assoc Fee Paid Per Monthly

County Cook

New Construction N

Property Type Residential Attached Single

Association Amenities Coin Laundry Elevator in Residence Exercise Room Storage On Site Manager/Engineer Pool Security Door Lock(s)

Total Rooms 2

Full Baths 1

Status New

Directions Turn east/west onto 31st Street. Turn right/left on Indiana north to building

City Chicago

High School District 299

MLS Area CHI - Douglas

Tax Annual Amount 1396

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Sub Type Studio

Interior

Basement None

Total Stories 20

Half Baths 0

Total Bedrooms 0

Room Type No additional rooms

Total Baths 1

Bedrooms Possible 0

Total Number of Units 200

Exterior

Parking Features Yes Leased

Water Source Lake Michigan

Total Parking 0

Lot Dimensions common

Waterfront Y/N N

* Excluded Features

List By

Magiera City Llc

Broker

chicago6065612@gmail.com

Affordability Calculator

$886

Per Month

Monthly Principal & Interest: $770
Monthly Property Taxes: $116
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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.

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Nearby

Trends
Schools

Condo listings in Chicago, IL

Average List Price ^$630,072

Percent of Sale Price 404%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/18/2026	$125,000		Listed Price

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2901 S Michigan Avenue # 506, Chicago, IL, 60616 is a Condo for sale at $125,000 with 440 sqft. 2901 S Michigan Avenue # 506 is a studio with 1.0 baths and was built in 1971. The property's zip code is 60616 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

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 Weichert Realtors 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.

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Data is updated as of 5/19/2026.

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2901 S Michigan Avenue # 506

Condo for sale in Chicago, IL

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