South Commons

About the Building

Located at 2921-2941 S. Michigan, this fashionable Chicago condo development in the Near South Side is one of the most desirable places to live. South Commons has 68 beautiful units in the Near South Side of Chicago, and each unit comes with a spacious balcony that would be perfect for grilling on summer nights. The units in the South Commons provide a range of layouts that range from studio residences to 3 bedrooms.

Depending on the size of the property, you can expect to pay anywhere from just below the market price to just or slightly above the market price for a place in this great residence. The larger units offer 600 square feet of living space while the smaller ones are 505 square feet in area. The various floorplans include kitchens that range from 48 square feet to 66 square feet, which should provide plenty of counter space to mass produce lunches for kids to take to school, prepare dinner for the family, or assemble a masterful spread of finger-foods for the next spur-of-the-moment get-together thrown your way. And, don't worry about where everyone is going to sit, with 437 square-foot living rooms and 300 square-foot dining rooms, you can treat your guests to a formal affair at the dinner table, or let them hangout in front of the TV.

The standard length of time a unit in this building stays on the market is 78 days, although some take as long as 144 days to sell. Currently, there are few studio-bedroom residences available at South Commons. The average listing price for these units is $77,500 and the average sale price is $75,187. To give a better idea of the going rate for property in this particular building, a studio-bedroom here went for $71,000 in August of 2007.

Ample living space or not, sometimes the most crucial factor in purchasing a new home is whether your four-legged family member is welcome in the building or not. Well, this is one residential building that happens to be pet friendly, so Fluffy and Fido can make the move, too.