House Prices

South Commons Chicago, IL House Prices & Home Values 2026


Average Data

average house price$360,278
average size per house1278 ft²
average price per ft²278 $ / ft²

04/15/2026 - The value range (VR) for house prices in South Commons Chicago, IL is $264.1/ sqft to $291.9/ sqft. An average home with 1278 sqft costs approximately $332,795 to $367,826. Chicago, IL includes 1 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 60616, while the highest are in ZIP 60616. The average price per sqare feet is $278. Our analysis is based on 15 property listings.

Avergage prices by ZIP codes South Commons Chicago

60616266 $ / ft²




Historical development of home values in South Commons Chicago

Year Estimated value (USD) Change vs. 2025
2010 $167,320 -53.6%
2011 $160,849 -55.4%
2012 $160,416 -55.5%
2013 $166,412 -53.8%
2014 $174,687 -51.5%
2015 $183,653 -49.0%
2016 $193,237 -46.4%
2017 $203,667 -43.5%
2018 $214,926 -40.3%
2019 $224,892 -37.6%
2020 $236,518 -34.4%
2021 $269,014 -25.3%
2022 $313,610 -13.0%
2023 $330,716 -8.2%
2024 $349,848 -2.9%
2025 $360,278 0.0%

Graph: estimated home values in South Commons Chicago over time (USD)



Example: 100% financing house in South Commons Chicago

Loan amount: $360,278

Interest rate: 5.92%

Fixed monthly payment: $2,140.63

Breakdown in the 1st month:
Interest portion: $1,776.17  –  Principal portion: $364.46

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $21,193.49 $4,494.08 $355,783.92
2 $20,920.29 $4,767.27 $351,016.65
3 $20,630.48 $5,057.08 $345,959.57
4 $20,323.06 $5,364.50 $340,595.07
5 $19,996.95 $5,690.62 $334,904.45
6 $19,651.01 $6,036.55 $328,867.90
7 $19,284.04 $6,403.52 $322,464.38
8 $18,894.77 $6,792.80 $315,671.58
9 $18,481.83 $7,205.73 $308,465.85
10 $18,043.79 $7,643.78 $300,822.07
11 $17,579.12 $8,108.45 $292,713.62
12 $17,086.20 $8,601.37 $284,112.25
13 $16,563.31 $9,124.25 $274,988.00
14 $16,008.64 $9,678.92 $265,309.08
15 $15,420.25 $10,267.31 $255,041.77
16 $14,796.10 $10,891.47 $244,150.30
17 $14,133.99 $11,553.57 $232,596.73
18 $13,431.64 $12,255.92 $220,340.82
19 $12,686.60 $13,000.97 $207,339.85
20 $11,896.26 $13,791.31 $193,548.54
21 $11,057.87 $14,629.69 $178,918.85
22 $10,168.52 $15,519.04 $163,399.82
23 $9,225.11 $16,462.45 $146,937.36
24 $8,224.34 $17,463.22 $129,474.14
25 $7,162.74 $18,524.82 $110,949.32
26 $6,036.60 $19,650.96 $91,298.36
27 $4,842.01 $20,845.56 $70,452.80
28 $3,574.79 $22,112.78 $48,340.03
29 $2,230.54 $23,457.03 $24,883.00
30 $804.56 $24,883.00 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in South Commons Chicago, IL


1500 sqft3900 sqft
Ø selling price$497,507$1,058,331
Ø fast selling$452,279$952,498
Ø high price sale$542,734$1,164,165

In 2026, houses in South Commons Chicago, IL will be offered at an average price of $278 per square foot. A 1,500 sqft home priced at $497,507 is 22.68% more expensive per square foot than a 3,900 sqft home priced at $1,058,331. Home prices in South Commons Chicago, IL vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $732,691. Sellers who can wait longer may achieve a higher price of up to $895,511.


South Commons, Chicago IL Neighborhood Guide

Overview

South Commons is a residential enclave on the Near South Side of Chicago, IL, known for mid-century modern high-rises, landscaped grounds, and a close-knit community feel. Situated just south of the South Loop, the neighborhood offers quick access to Downtown Chicago, the lakefront, and the Museum Campus. In South Commons, Chicago, IL, home seekers appreciate its mix of co-ops, condos, and rentals at approachable price points.

Amenities and Access

Residents enjoy green courtyards, pools, playgrounds, and on-site parking, while nearby Dunbar Park and the Lakefront Trail expand outdoor options.
Transit is convenient with CTA Red and Green Line stations, multiple bus routes, and easy access to I?90/94 and Lake Shore Drive.
Proximity to Illinois Institute of Technology, McCormick Place, Soldier Field, and Bronzeville supports a lively, walkable lifestyle. Dining, groceries, and services span South Loop retail corridors and local spots along Michigan Avenue and State Street.

Living in South Commons

For buyers and renters, South Commons real estate offers value and skyline views without sacrificing city convenience. The neighborhood?s community associations and seasonal events foster a friendly atmosphere for families, students, and professionals. If you?re exploring neighborhoods near downtown, South Commons in Chicago delivers affordability, amenities, and excellent connectivity.



FAQ – Home Values in South Commons Chicago

What is the median home value in South Commons Chicago in 2026?

In 2026, the typical home value in South Commons Chicago is about $360,278 for an average home size of 1278 square feet. This corresponds to an average price of roughly $278 per square foot.

What is the average cost per square foot in South Commons Chicago?

In 2026, homes in South Commons Chicago sell for an average of around $278 per square foot, with a typical range between $264.1 and $291.9 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in South Commons?

The average home size in South Commons Chicago is about 1278 square feet, with an estimated 2026 value around $360,278.



Neighborhoods close to South Commons Chicago, IL

Chicago Lawn Chicago, IL187 $ / ft²
St. Clair Gardens East Saint Louis, IL43 $ / ft²
Hyde Park Chicago, IL158 $ / ft²
Tanner Trails North Aurora, IL183 $ / ft²
Downtown Oak Lawn Oak Lawn, IL130 $ / ft²
  imprint  Privacy