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  5. 3041 S Michigan Ave
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3041 S Michigan Ave

3041 S Michigan Ave Unit 506, Chicago, IL, 60616
South Commons

YEAR BUILT

# STORIES

7

# TOTAL UNITS

32

UNIT SIZE RANGE

480-1,875 sqft

Description

3041 S Michigan Ave Unit 506 sits in Chicago, at the intersection of S Michigan Ave and E 31st St. This location is close to Douglas Park and a short distance from Lake Michigan. The building rests in the South Commons neighborhood, which offers easy access to downtown Chicago and nearby amenities. The high-rise structure has 7 stories and consists of 32 units. Unit sizes range from 480 to 1,875 square feet, offering options for various living needs. Bedroom counts include 1, 2, and 3 bedrooms, making it suitable for different lifestyles. Recently, unit prices have been between $215,000 and $225,000. The average price per square foot stands at $130. Amenities add value to the building. Residents enjoy an outdoor swimming pool, tennis courts, and party rooms. A receiving area is present for guests, along with a bike room for cyclists. Elevators provide ease of access throughout the building. The presence of sidewalks and street lights enhances the neighborhood experience. Nearby, grocery options include a 7-Eleven. Schools like the Community Health Training Center and the Illinois College of Optometry serve the area. Open spaces and parks are just a walk away. Outdoor activities in the neighborhood create a sense of community. The average days on the market for units here is about 42. The building's design features mid-century modern architecture and may include floor-to-ceiling windows and private balconies. Those looking for urban living in a spacious environment will find this building appealing.

Building ImageMLS ID #12540593
Building ImageMLS ID #12540593
Building Image
Building ImageView Listing

3041 S Michigan Ave

3041 S Michigan Ave Unit 506, Chicago, IL, 60616


South Commons

YEAR BUILT

# STORIES

7

# TOTAL UNITS

32

UNIT SIZE RANGE

480-1,875 sqft

Description

3041 S Michigan Ave Unit 506 sits in Chicago, at the intersection of S Michigan Ave and E 31st St. This location is close to Douglas Park and a short distance from Lake Michigan. The building rests in the South Commons neighborhood, which offers easy access to downtown Chicago and nearby amenities. The high-rise structure has 7 stories and consists of 32 units. Unit sizes range from 480 to 1,875 square feet, offering options for various living needs. Bedroom counts include 1, 2, and 3 bedrooms, making it suitable for different lifestyles. Recently, unit prices have been between $215,000 and $225,000. The average price per square foot stands at $130. Amenities add value to the building. Residents enjoy an outdoor swimming pool, tennis courts, and party rooms. A receiving area is present for guests, along with a bike room for cyclists. Elevators provide ease of access throughout the building. The presence of sidewalks and street lights enhances the neighborhood experience. Nearby, grocery options include a 7-Eleven. Schools like the Community Health Training Center and the Illinois College of Optometry serve the area. Open spaces and parks are just a walk away. Outdoor activities in the neighborhood create a sense of community. The average days on the market for units here is about 42. The building's design features mid-century modern architecture and may include floor-to-ceiling windows and private balconies. Those looking for urban living in a spacious environment will find this building appealing.

Next

Description

3041 S Michigan Ave Unit 506 sits in Chicago, at the intersection of S Michigan Ave and E 31st St. This location is close to Douglas Park and a short distance from Lake Michigan. The building rests in the South Commons neighborhood, which offers easy access to downtown Chicago and nearby amenities. The high-rise structure has 7 stories and consists of 32 units. Unit sizes range from 480 to 1,875 square feet, offering options for various living needs. Bedroom counts include 1, 2, and 3 bedrooms, making it suitable for different lifestyles. Recently, unit prices have been between $215,000 and $225,000. The average price per square foot stands at $130. Amenities add value to the building. Residents enjoy an outdoor swimming pool, tennis courts, and party rooms. A receiving area is present for guests, along with a bike room for cyclists. Elevators provide ease of access throughout the building. The presence of sidewalks and street lights enhances the neighborhood experience. Nearby, grocery options include a 7-Eleven. Schools like the Community Health Training Center and the Illinois College of Optometry serve the area. Open spaces and parks are just a walk away. Outdoor activities in the neighborhood create a sense of community. The average days on the market for units here is about 42. The building's design features mid-century modern architecture and may include floor-to-ceiling windows and private balconies. Those looking for urban living in a spacious environment will find this building appealing.

3041 S Michigan Ave Market Stats Last 12 months

Avg. Listed Price$160,725($164/Sqft.)
Avg. Sale Price$155,000($130/Sqft.)
Year over year list priceDown Arrow13.12%
Year over year sale priceDown Arrow 13.89%
Total Listings4 Listed
Total sold1 Sold
Average Days on Market42 days
Average HOA fees per sqft$3 /monthly
Next

Market Stats

Year over year list priceDown Arrow13.12%
Year over year sale priceDown Arrow13.89%
Total Listings4 Listed
Total sold1 Sold
Average Days on Market42 days
Average HOA fees per sqft$3 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Medium
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Medium
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

3041 S Michigan Ave Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 306306-22352024-04-05
MLS#: 11991042 		Closed$180,000
Unit 502502187533652019-11-22
MLS#: 10472865 		Closed$225,000
Unit 5065061906332152007-02-17
MLS#: 06211948 		Closed$215,000
Unit 306
306

2 Beds

2 Baths

0 sqft

DateStatusPrice
2024-04-05Closed$180,000
MLS#: 11991042
Days On Market35
Unit 502
502

3 Beds

3 Baths

1875 sqft

DateStatusPrice
2019-11-22Closed$225,000
MLS#: 10472865
Days On Market65
Unit 506
506

3 Beds

3 Baths

1906 sqft

DateStatusPrice
2007-02-17Closed$215,000
MLS#: 06211948
Days On Market215
View Complete Unit Listing HistorySource By: MRED

Amenities

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Check Icon
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
Next

Amenities

Elevator(s)

Elevator(s)

Pool

Pool

In Ground Pool

In Ground Pool

Security Door Lock(s)

Security Door Lock(s)

Security Lighting

Security Lighting

Laundry

Laundry

Coin Laundry

Coin Laundry

Tennis Court(s)

Tennis Court(s)

Receiving Room

Receiving Room

Picnic Area

Picnic Area

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Balcony

Balcony

Policies

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
3041 S Michigan Ave$130/sqft.$3 /sqft.
3041 S Michigan Ave$130/sqft.$3 /sqft.
South Commons$180/sqft.$2 /sqft.
3021 S Michigan Ave$189/sqft.$2 /sqft.
3001 S Michigan Ave$157/sqft.$2 /sqft.
South Commons$157/sqft.$2 /sqft.

Nearby Schools

Residents of 3041 S Michigan Ave enjoy access to nearby educational institutions across Chicago. Schools within a 2-mile radius enhance convenience for daily routines. Close proximity supports consistent attendance and flexibility. This location promotes a family-friendly lifestyle.

McKinley Lakeside Leadership Academy

--
Private|Grades 10–12
2920 S Wabash Ave|0.19 miles away

Yccs- Mckinley-Lakeside Leadership Academy

--
Public|Grades 9–12
2920 S Wabash Ave|0.2 miles away

Dunbar Vocational Career Academy High School

C
Public|Grades 9–12
3000 S King Dr|0.23 miles away

Pershing Elementary Magnet School

D+
Public|Grades PK–8
3200 S Calumet Ave|0.33 miles away

Drake Elementary School

C
Public|Grades PK–8
2710 S Dearborn St|0.41 miles away

Yccs-Youth Connection Leadership Academy

--
Public|Grades 9–12
3424 S State St|0.52 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

Residents of 3041 S Michigan Ave enjoy access to nearby educational institutions across Chicago. Schools within a 2-mile radius enhance convenience for daily routines. Close proximity supports consistent attendance and flexibility. This location promotes a family-friendly lifestyle.

McKinley Lakeside Leadership Academy

--
Private|Grades 10–12
2920 S Wabash Ave|Less than 1 Mile Away

Yccs- Mckinley-Lakeside Leadership Academy

--
Public|Grades 9–12
2920 S Wabash Ave|Less than 1 Mile Away

Dunbar Vocational Career Academy High School

C
Public|Grades 9–12
3000 S King Dr|Less than 1 Mile Away

Pershing Elementary Magnet School

D+
Public|Grades PK–8
3200 S Calumet Ave|Less than 1 Mile Away

Drake Elementary School

C
Public|Grades PK–8
2710 S Dearborn St|Less than 1 Mile Away

Yccs-Youth Connection Leadership Academy

--
Public|Grades 9–12
3424 S State St|Less than 1 Mile Away

De la Salle Institute - Institute Campus

--
Private|Grades 9–12
3434 S Michigan Av...|Less than 1 Mile Away

St Jerome School

--
Private|Grades PK–8
2801 S Princeton A...|Less than 1 Mile Away

Chicago Military Academy High School

C
Public|Grades 9–12
3519 S Giles Ave|Less than 1 Mile Away

J. Ward Elementary School

B+
Public|Grades KG–8
2701 S Shields Ave|Less than 1 Mile Away

Graham R Training Center

--
Public|Grades 9–12
2347 S Wabash Ave|Less than 1 Mile Away

Urban Preparatory Charter Academy Bronzeville High School

B-
Public|Grades 9–12
521 E 35th St|Less than 1 Mile Away

Perspectives Charter - Iit Campus

C+
Public|Grades 6–12
3663 S Wabash Ave|Less than 1 Mile Away

Doolittle Elementary School

D
Public|Grades PK–8
535 E 35th St|Less than 1 Mile Away

I. Wells Preparatory Elementary Academy

C+
Public|Grades KG–8
249 E 37th St|Less than 1 Mile Away

Pui Tak Christian School

--
Private|Grades PK–8
2301 S Wentworth A...|Less than 1 Mile Away

Haines Elementary School

A
Public|Grades PK–8
247 W 23rd Pl|Less than 1 Mile Away

Healy Elementary School

A
Public|Grades PK–8
3010 S Parnell Ave|Less than 1 Mile Away

National Teachers Elementary Academy

B-
Public|Grades PK–8
55 W Cermak Rd|Less than 1 Mile Away

Air Force Academy High School

B-
Public|Grades 9–12
3630 S Wells St|Less than 1 Mile Away

St Therese Chinese Catholic School

--
Private|Grades PK–8
247 W 23rd St|Less than 1 Mile Away

Sheridan Elementary Math & Science Academy

A+
Public|Grades KG–8
533 W 27th St|Less than 1 Mile Away

Phillips Academy High School

F
Public|Grades 9–12
244 E Pershing Rd|1.04 Miles Away

McClellan Elementary School

C+
Public|Grades PK–8
3527 S Wallace St|1.10 Miles Away

Univ of Chicago Charter-Donoghue

D-
Public|Grades PK–5
707 E 37th St|1.12 Miles Away

Christ the King Lutheran School

--
Private|Grades PK–8
3701 S Lake Park A...|1.15 Miles Away

Perspectives Charter - Joslin Campus

C-
Public|Grades 6–12
1930 S Archer Ave|1.21 Miles Away

Bridgeport Catholic Academy

--
Private|Grades PK–8
3700 S Lowe Ave|1.32 Miles Away

Bronzeville Classical Elementary School

A
Public|Grades KG–4
8 W Root St|1.36 Miles Away

Armour Elementary School

B+
Public|Grades KG–8
950 W 33rd Pl|1.43 Miles Away

Daystar Academy

--
Private|Grades PK–9
1550 S State St St...|1.49 Miles Away

St Therese School West

--
Private|Grades PK–8
2859 S Throop St|1.52 Miles Away

Fuller Elementary School

C
Public|Grades PK–8
4214 S Saint Lawre...|1.57 Miles Away

Holden Elementary School

B
Public|Grades PK–8
1104 W 31st St|1.61 Miles Away

Walsh Elementary School

D
Public|Grades KG–8
2015 S Peoria St|1.67 Miles Away

Yccs-Jane Addams Alternative High School

--
Public|Grades 9–12
1814 S Union Ave|1.68 Miles Away

Hendricks Elementary Community Academy

C
Public|Grades PK–8
4316 S Princeton A...|1.70 Miles Away

Mollison Elementary School

D
Public|Grades PK–8
4415 S Dr Martin L...|1.74 Miles Away

Dba City Garden Waldorf School

--
Private|Grades PK–KG
920 W 19th St|1.81 Miles Away

Woodson South Elementary School

D-
Public|Grades PK–8
4414 S Evans Ave|1.89 Miles Away

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|1.92 Miles Away

Robinson Elementary School

C+
Public|Grades PK–3
4225 S Lake Park A...|1.98 Miles Away

Cambridge Classical Academy

--
Private|Grades PK–8
4622 S King Dr|1.99 Miles Away

Transit

3041 S Michigan Ave is surrounded by public transit options designed for efficient city travel. Transportation access within a 2-mile radius ensures reliable connections across Chicago. Residents benefit from flexible commuting options and reduced travel stress. This well-connected setting supports modern urban lifestyles.

1111 W Pershing

1.91 miles away|37 min walk

1132 W Pershing

1.93 miles away|37 min walk

1440 S Indiana

1.62 miles away|32 min walk

18th St.

1.34 miles away|26 min walk

18th Street & Halsted

1.79 miles away|35 min walk

18th Street & Peoria

1.84 miles away|36 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

3041 S Michigan Ave is surrounded by public transit options designed for efficient city travel. Transportation access within a 2-mile radius ensures reliable connections across Chicago. Residents benefit from flexible commuting options and reduced travel stress. This well-connected setting supports modern urban lifestyles.

1111 W Pershing

1.91 miles away|37 min walk

1132 W Pershing

1.93 miles away|37 min walk

1440 S Indiana

1.62 miles away|32 min walk

18th St.

1.34 miles away|26 min walk

18th Street & Halsted

1.79 miles away|35 min walk

18th Street & Peoria

1.84 miles away|36 min walk

18th Street & Sangamon

1.89 miles away|37 min walk

2300 S Halsted

1.44 miles away|28 min walk

25th Street & Michigan

0.57 miles away|11 min walk

26th Street & Indiana

0.45 miles away|9 min walk

26th Street & King Drive

0.53 miles away|11 min walk

26th Street & Normal

0.96 miles away|19 min walk

26th Street & Prairie

0.47 miles away|10 min walk

27th St.

0.61 miles away|12 min walk

2800 S King Drive

0.4 miles away|8 min walk

3000 S King Drive

0.29 miles away|6 min walk

3000 S Michigan

0.09 miles away|2 min walk

3000 S Wentworth

0.45 miles away|9 min walk

31st Street & Aberdeen

1.58 miles away|31 min walk

31st Street Beach

0.8 miles away|16 min walk

31st Street & Canal

0.75 miles away|15 min walk

31st Street & Giles

0.19 miles away|4 min walk

31st Street & Halsted

1.19 miles away|23 min walk

31st Street & King Drive

0.28 miles away|6 min walk

31st Street & Lituanica

1.33 miles away|26 min walk

31st Street & Lock

1.86 miles away|36 min walk

31st Street & Loomis

1.61 miles away|31 min walk

31st Street & Michigan

0.06 miles away|2 min walk

31st Street & Morgan

1.45 miles away|28 min walk

31st Street & Racine

1.68 miles away|33 min walk

31st Street & Rhodes

0.49 miles away|10 min walk

31st Street & Throop

1.32 miles away|26 min walk

31st Street & Union

1.07 miles away|21 min walk

31st Street & Wallace

0.96 miles away|19 min walk

31st Street & Wells

0.5 miles away|10 min walk

3200 S Wentworth

0.48 miles away|10 min walk

33rd Place & Cottage Grove

0.7 miles away|14 min walk

33rd Place & Rhodes

0.55 miles away|11 min walk

3400 S State

0.47 miles away|10 min walk

3403 S Wallace

1.04 miles away|20 min walk

3406 S Wallace

1.05 miles away|21 min walk

35-Bronzeville-IIT

0.54 miles away|11 min walk

35th-Bronzeville-IIT

0.54 miles away|11 min walk

35th St. - Lou Jones

0.62 miles away|12 min walk

35th Street & Aberdeen

1.66 miles away|32 min walk

35th Street & Cottage Grove

0.8 miles away|16 min walk

35th Street & Federal

0.64 miles away|13 min walk

35th Street & Giles

0.59 miles away|12 min walk

35th Street & Halsted

1.33 miles away|26 min walk

35th Street & Indiana

0.56 miles away|11 min walk

The Neighbourhood: Bronzeville

Bronzeville, located in Cook County, IL, is a vibrant neighborhood rich in history and culture. Known for its significant role in the African American Great Migration, the area boasts historic landmarks and a flourishing arts scene. Residents enjoy access to a variety of amenities, including local shops, cafes, and community parks. The neighborhood's educational facilities, including renowned schools and libraries, attract families. Public transportation options, such as the CTA bus and train lines, offer convenient commuting, making Bronzeville an accessible and appealing place to live.

Next

Neighbourhood Description

Bronzeville, located in Cook County, IL, is a vibrant neighborhood rich in history and culture. Known for its significant role in the African American Great Migration, the area boasts historic landmarks and a flourishing arts scene. Residents enjoy access to a variety of amenities, including local shops, cafes, and community parks. The neighborhood's educational facilities, including renowned schools and libraries, attract families. Public transportation options, such as the CTA bus and train lines, offer convenient commuting, making Bronzeville an accessible and appealing place to live.

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3041 S Michigan Ave Demographics

Age Demographics

0–14 Years

14.23%

15–29 Years

24.03%

30–44 Years

20.01%

45–59 Years

17.99%

60+ Years

23.75%

Commute

25.42%

Transit

6.43%

Walk

51.67%

Drive

2.18%

Bike

Housing Ownership

31.2%

Owner Occupied

68.8%

Rental Units

Household Types

Single Family
19.84%
Multi Family
3.93%
Single Person
47.91%
Multi Person
52.09%

Average Income

Household:$5,322,356.05 /yr

Individual:$3,325,963.66 /yr

Education

Bachelors Degree22.13%
High School College19.97%
Diploma4.7%
Post Graduate18.08%
Others35.13%
Next

Education

Diploma4.7%
Post Graduate18.08%
Others35.13%
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  1. Home
  2. /Chicago, IL
  3. /
    3041 S Michigan Ave
Nearby Cities
Wilmington
Buildings
207 E 31st St
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3105 S Giles Ave
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3115 S Michigan Ave
3120 S Indiana Ave
Michigan Place
South Commons
Neighborhoods
Armour SquareAuburn GreshamBardwell
Blackberry CountrysideBronzevilleBucktownBurnsideChathamChicago Midway International AirportChicago O'Hare International AirportDunningEdgelawn RandallEdgewaterEnglewoodEvergreen TerraceForest GlenForest ParkGalewoodJefferson ParkLake View
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600346004160056
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