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$113,000 Just Listed

  • For Sale
  • Active
  • Condo / Townhouse
  • 1 Full Bath
  • 500 Sq. Ft.
  • Updated 1 day ago
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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

Full Property Details for 3021 S Michigan Ave #507

General

  • Price: $113,000
  • HOA FEE: $370/month
  • Taxes: $1,220 (2023)
  • Status: Active
  • Type: Condo /Townhouse
  • Source: MRED
  • MLS ID: 12621495
  • Updated: 4/17/2026
  • Added to Site: 3 day(s) ago

Interior

  • Basement: None
  • Appliances: Range, Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Additional Information

  • Other Features: Interstate Access

Location

  • Area: CHI - Douglas
  • County: Cook
  • Township: South Chicago
  • Driving Directions: 31st Street to Indiana, north to Property

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Community

  • Assoc. Fees Include: Heat, Water, Insurance
  • Pets Allowed: Yes
  • Pets: Cats OK
  • Pet Restrictions: Cats OK
  • Mgmt. Company: South Commons Phase I Condominium Association

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Natural Gas, Solar, Radiant

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Structure Type: Studio
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Entry Floor Number: 5
  • Stories/Levels: 6
  • Square Feet: 500
  • Sq. Ft. Source: Assessor
  • Year Built: 1971
  • Built Before 1978: Yes
  • Remodeled/Updated: 2025

Unit Information

  • Units in Building: 68

Lot Features

  • Lot Dimensions: COMMON

Animals

  • Animals Allowed: Cats OK

Financial Considerations

  • Association Fee: $370
  • Assoc Fee Freq.: Monthly
  • Assessment Year: 1971
  • Tax Amount: $1,220
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Condo
  • Property ID: 17273100931462

Listed by American International Realty Corp.

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— 3021 S Michigan Ave #507 —

  • American International Realty Corp.

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

Schools serving 3021 S Michigan Ave #507

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 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3021 S Michigan Ave #507 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/16/2026
Listed
$113,000
222.86%
MLS
2/06/2015
Sold
$35,000
—
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 3021 S Michigan Ave #507

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,149
3%
$5,427
—
2022
$1,120
2%
$5,427
—
2021
$1,095
41%
$5,427
56%
2020
$775
1%
$3,478
-9%
2019
$769
2%
$3,826
—
2018
$756
154%
$3,826
41%
2017
$298
-45%
$2,707
—
2016
$542
9%
$2,707
—
2015
$496
26%
$2,707
28%
2014
$393
2%
$2,117
—
2013
$385
-12%
$2,117
-13%
2012
$436
—
$2,427
—
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.

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Listed by American International Realty Corp.

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3021 S Michigan Avenue #507, Chicago, IL 60616 (MLS# 12621495) is a Condo / Townhouse property with 0 bedrooms and 1 full bathroom. 3021 S Michigan Avenue #507 is currently listed for $113,000 and was received on April 16, 2026. Want to learn more about 3021 S Michigan Avenue #507? Do you have questions about finding other Condo / Townhouse 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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