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Listing provided courtesy of Magiera City LLCMREDas Distributed by MLSGrid- MLS# 12651479MLS Provider

2901 S Michigan Avenue #506Chicago, IL 60616

Condo/Townhouse · 1 Full Bath · 440 Sq. ft.
$109,000 Price Change

2901 S Michigan Avenue #506 Overview

Time on Site:
43 days
Visits:
0

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.

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2901 S Michigan Avenue #506 Facts & Features

  • Type Condo/Townhouse
  • Sq. ft. 440
  • Price/Sq.ft. $248

Details

General

Association/HOA

  • Association Amenities: Coin Laundry, Elevator in Residence, Exercise Room, Storage, On Site Manager/Engineer, Pool, Security Door Lock(s)
  • Association Fee: $384.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Heat, Air Conditioning, Water, Gas, Insurance, Security, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1971

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Douglas
  • Township: South Chicago

Tax Information

  • Tax Annual Amount: $1,396.00
  • Tax Year: 2024

General Information

  • Ownership: Condo
  • Parcel Number: 17273100931172
  • Pets Allowed: Cats OK, Dogs OK
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Building Information

  • Approx. Total Finished SqFt.: 0
  • Disability Access: No
  • Total SqFt.: 0

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 0
  • Bedrooms Possible: 0

General Information

  • Appliances: Range, Range Hood
  • Basement: None
  • Cooling: Window Unit(s)
  • Electric: 100 Amp Service
  • Heating: Electric, Radiant
  • Living Area: 440
  • Living Area Source: Landlord/Tenant/Seller
  • Rooms Total: 2
  • Stories Total: 20

Unit Information

  • Unit Number: 506

Exterior

Parking Information

  • Parking Features: Yes, Leased
  • Parking Total: 0

Lot Information

  • Lot Size Dimensions: common
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick, Concrete

General Information

  • Sewer: Public Sewer

Room Information

Room: Master Bedroom

    Room: Kitchen

    • Level: Main
    • Dimensions: 9X8

    Room: Living Room

    • Level: Main
    • Dimensions: 20X12

    • Level: N/A

    • Level: N/A

    • Level: N/A

    • Level: N/A

    • Level: N/A

    • Level: N/A

    • Level: N/A

    • Level: N/A

    • Level: N/A

    • Level: N/A

    Room: Bedroom 2

    • Level: N/A

    Room: Bedroom 3

    • Level: N/A

    Room: Bedroom 4

    • Level: N/A

    Room: Dining Room

    • Level: N/A

    Room: Family Room

    • Level: N/A

    Room: Laundry

    • Level: N/A

    2901 S Michigan Avenue #506 Neighborhood

    Community

    60616 (CHICAGO) Demographics

    38
    Median Age
    11,385
    Population Density (per sq. mile)
    53%
    College Educated
    $61,843
    Estimated Median Income
    9,233
    Estimated Total Home Owners
    15,237
    Estimated Total Renters
    38% / 62%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    2901 S Michigan Avenue #506 Monthly Cost

    $
    $ %
    %
    $
    $
    Jim Luxem Jr
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    2901 S Michigan Avenue #506 Market Data

    Based on the last 30 days in this zip code

    $424,602
    Average List Price
    $328
    Average Price per Square Foot
    41
    Properties Sold
    58
    Average Days on Market
    142
    Properties for Sale
    Calculations provided by Reliance Network

    2901 S Michigan Avenue #506 History

    Date Event Value Agent
    6/29/2026Source: MRED Price Reduction
    $109,000 -3.5%
    6/22/2026Source: MRED Price Reduction
    $113,000 -2.6%
    6/22/2026Source: MRED Status Change
    Price Change
    6/22/2026Source: MRED Status Change
    Active
    6/16/2026Source: MRED Price Reduction
    $116,000 -2.5%
    6/16/2026Source: MRED Status Change
    Price Change
    6/13/2026Source: MRED Status Change
    Active
    6/8/2026Source: MRED Price Reduction
    $119,000 -3.3%
    6/8/2026Source: MRED Status Change
    Price Change
    6/5/2026Source: MRED Status Change
    Active
    5/31/2026Source: MRED Price Reduction
    $123,000 -1.6%
    5/31/2026Source: MRED Status Change
    Price Change
    5/23/2026Source: MRED Status Change
    Active
    5/18/2026Source: MRED Added to Database
    May 18, 2026
    6/20/2022Source: MRED Added to Database
    January 27, 2022
    6/20/2022Source: MRED Added to Database
    January 27, 2022