3021 S MICHIGAN Avenue # 507 Chicago, IL $ 113,000
3021 S MICHIGAN Avenue # 507
$ 113,000
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3021 S MICHIGAN Avenue # 507

Chicago, IL, 60616
$ 113,000
Baths1.0 Sq 500

Monthly Estimate*

$ 696

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Studio

Condo for sale in Chicago, IL

for $113,000 with 1 full bath. This 500 square foot condo was built in 1971.

NEWLY UPDATED 2025 convertible STUDIO CONDO in South Commons, right in the heart of Chicago. nestled between lush parks and & swimming pools, Inside, you'll find a versatile, open layout that can be easily adapted to fit your lifestyle. Beautiful balcony view of the courtyard and swimming pool steps away from some of the city's most hip and happening spots-from trendy restaurants and vibrant nightlife. The condo's location is a walker's and biker's paradise. It's just a short walk to the lakefront and bike paths that lead directly to the downtown Museum Campus, connecting you with some of Chicago's most iconic cultural institutions. only five minutes from the historic Hyde Park neighborhood and the University of Chicago. For those in academia or studying, this location is ideal. The condo is within walking distance of the Illinois Institute of Technology and the Illinois College of Optometry and just a short drive from the University of Illinois at Chicago and the Chicago Loop. Easy access to many of the city's expressways means you can get where you need to be quickly. VERY CLOSE NEARBY PARKING AVAILABLE

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Condo Active

Price

$ 113,000

Bedrooms

Studio

Full Bath

1

Property Type

Condo

Taxes

$ 1,220

Style

Studio

Year Built

1971

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12621495

Features
General
Living Area 500
Sewer Public Sewer
Heating Natural Gas Solar Radiant
Cooling Wall Unit(s)
Possession Closing
Appliances Range Refrigerator
HOA Fee 370
Association Fee Includes Heat Water Insurance
Construction Materials Brick
Pets Allowed Cats OK
Year Built 1971
Township South Chicago
Unit Number 507
Tax Year 2023
Ownership Condo
Accessibility Main Level Entry
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Total Rooms 2
Full Baths 1
Status New
Directions 31st Street to Indiana north to Property
City Chicago
High School District 299
MLS Area CHI - Douglas
Tax Annual Amount 1220
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Sub Type Studio
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Interior
Basement None
Total Stories 6
Half Baths 0
Total Bedrooms 0
Room Type Walk In Closet
Total Baths 1
Bedrooms Possible 0
Total Number of Units 68
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Exterior
Water Source Lake Michigan
Total Parking 0
Lot Dimensions COMMON
Waterfront Y/N N
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* Excluded Features
List By
American International Realty Corp.

Broker

homeswithchriswilson@gmail.com

Email

Affordability Calculator

$797
Per Month
87%
13%
0%
Monthly Principal & Interest
$696
Monthly Property Taxes
$102
Monthly 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/17/2026$113,000 Listed Price

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3021 S MICHIGAN Avenue # 507, Chicago, IL, 60616 is a Condo for sale at $113,000 with 500 sqft. 3021 S MICHIGAN Avenue # 507 is a studio with 1.0 baths and was built in 1971. The property's zip code is 60616 which is in Chicago, IL