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$149,500 Contingent

  • For Sale
  • Contingent
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 769 Sq. Ft.
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Welcome to this beautifully renovated 1-bedroom, 1-bathroom corner unit located in the highly sought-after South Commons community. This stunning home has been thoughtfully updated from top to bottom, blending modern finishes with timeless style, open space featuring stainless steel appliances, sleek quartz countertops, and soft-close cabinetry in the kitchen-perfect for both everyday living and entertaining. The custom-designed bathroom includes a one-of-a-kind vanity, crafted specifically for the space. Luxury vinyl plank flooring flows seamlessly throughout the unit, adding warmth and a contemporary touch. Beyond the unit, enjoy access to a suite of exclusive building amenities, including heated outdoor swimming pool - ideal for relaxing or entertaining, modern elevator access for convenience and ease, secure storage for added space and organization, on-site manager and engineer, ensuring peace of mind and top-tier maintenance, and coin laundry facilities for everyday convenience! Schedule your private showing today and experience elevated living at South Commons.

Full Property Details for 2941 S Michigan Ave #407

General

  • Price: $149,500
  • HOA FEE: $548/month
  • Taxes: $1,983 (2023)
  • Status: Contingent
  • Type: Condo
  • Source: MRED
  • MLS ID: 12494111
  • Updated: 11/16/2025
  • Added to Site: 97 day(s) ago

Interior

  • Basement: None
  • Interior Features: Storage

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Additional Information

  • Shared Amenities: Coin Laundry, Elevator(s), Storage, On-Site Manager/Engineer, Pool

Exterior

  • Exterior Features: Balcony

Location

  • Area: CHI - Douglas
  • County: Cook
  • Township: South Chicago
  • Subdivision: South Commons
  • Driving Directions: 31ST STREET TO MICHIGAN AVENUE, NORTH TO BUILDING.

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299
  • Elementary School: Drake Elementary School
  • Middle School: Drake Elementary School
  • High School: Phillips Academy High School
  • Private School: Phillips Academy High School

Community

  • Assoc. Fees Include: Heat, Water, Gas, Insurance, Security, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Pets Allowed: Yes
  • Pets: Cats OK, Number Limit
  • Pet Restrictions: Cats OK, Number Limit
  • Mgmt. Company: South Commons Phase I

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Structure Type: Condo
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Entry Floor Number: 4
  • Stories/Levels: 6
  • Square Feet: 769
  • Sq. Ft. Source: Estimated
  • Year Built: 1968
  • Built Before 1978: Yes
  • Remodeled/Updated: 2024

Unit Information

  • Units in Building: 68

Lot Features

  • Lot Dimensions: COMMON
  • Lot Features: Common Grounds

Animals

  • Animals Allowed: Cats OK, Number Limit

Financial Considerations

  • Association Fee: $548
  • Assoc Fee Freq.: Monthly
  • Assessment Year: 1968
  • Tax Amount: $1,983
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Condo
  • Property ID: 17273100931044
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 2941 S Michigan Ave #407 —

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 2941 S Michigan Ave #407

School District:Chicago Public School District 299
NameGradesDistance
Drake Elementary School
2710 South Dearborn Street, Chicago, IL 60616
PK-80.4 mi
Phillips Academy High School
244 East Pershing Road, Chicago, IL 60653
12-111.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2941 S Michigan Ave #407 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/10/2025
Price Reduced
$149,500
-3.55%
MLS
10/13/2025
Listed
$155,000
19.23%
MLS
11/11/2024
Sold
$130,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2941 S Michigan Ave #407

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,983
3%
$9,367
—
2022
$1,933
2%
$9,367
—
2021
$1,889
41%
$9,367
56%
2020
$1,337
1%
$6,001
-9%
2019
$1,326
2%
$6,602
—
2018
$1,304
30%
$6,602
41%
2017
$1,006
7%
$4,672
—
2016
$936
9%
$4,672
—
2015
$856
26%
$4,672
28%
2014
$678
2%
$3,653
—
2013
$664
-12%
$3,653
-13%
2012
$752
—
$4,188
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 2941 S Michigan Ave #407

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2941 S Michigan Avenue #407, Chicago, IL 60616 (MLS# 12494111) is a Condo property with 1 bedroom and 1 full bathroom. 2941 S Michigan Avenue #407 is currently listed for $149,500 and was received on October 13, 2025. This property is listed by Tiffany Bennett from our Hyde Park Office.Want to learn more about 2941 S Michigan Avenue #407? Do you have questions about finding other Condo real estate for sale in Douglas? You can browse all Douglas real estate or contact a Coldwell Banker agent to request more information.

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