Back 505/2941 S Michigan Ave
Off Market

505/2941 S Michigan Ave

Chicago IL 60616

1
500 sq. ft.
Condo
Last sold for $101,500
Denis MironDenis Miron, last sold this property on 08 October 2025 after 67 days on market.

Overview

This Unit offers Amenities that include an Outdoor Pool, Landscaped Courtyard, Elevator, In-Building Laundry Room, and Security with Cameras and roaming personnel. Assessments cover Gas, Water, Heating, Security, Pool, Lawn Care, Exterior Maintenance. Unit is Freshly Painted, High Ceiling, Private Large Balcony View to Pool Area. Enjoy early Morning Coffee or Night Cap while Lounging on Your Balcony Area. Illinois Institute of Technology (IIT) is right around the corner. There's secure parking available for rent, your own dedicated storage locker. The location is convenient, with proximity to CTA, Metra and major expressways, McCormick Place, Mercy Hospital, and Downtown Chicago.

Features

1 bathroom
500 sq. ft. floor area
Condo

Estimated Value

Based on this property and similar condos sold in Chicago over the last 12 months, the estimated median property value of 505/2941 S Michigan Ave is $345k.

Median value
$345k
Estimated value range
$90k - $1.25m
Median days on market
18
Estimated value trend
8%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 505/2941 S Michigan Ave

2025
Sold
$101,500
08 Oct 2025 by Denis Miron, of EHomes Realty, Ltd
2021
Sold
$67,000
25 Oct 2021 by Marta Lazic, of Jameson Sotheby's Intl Realty
2018
Sold
$53,000
17 May 2018 by Jenny Loo, of United Real Estate - Chicago

Happy sellers in Chicago

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We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.

Local market activity for condos in Chicago

In the last 12 months, 324 condos similar to 505/2941 S Michigan Ave, have been sold.

This represents a 12% increase in condos sales when compared to the previous 12 months.

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