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NOVO Properties
Our team has verified this company8201 S Michigan Avenue is rated highly overall, with standout marks for location, quality, amenities, price, and trustworthiness. It offers a quiet tree-lined street and a strong balance of value and convenience, with a nearby top-rated middle school and grocery options within a reasonable distance.
Things you’ll love
Middle school nearbyLaundry available on siteGreat for
Pet owners| 1 Bedroom | 1 bed | 1 bath | 615 sqft | $1,050 /mo | 2 units available |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Granite Countertops |
| Hardwood Floor | Remodeled Kitchen and Bathroom |
Appliances
| Gas Range | Refrigerator |
| Stainless Steel Appliances |
Building
| Cats OK | Dogs OK |
| Onsite Laundry |
Services
| On-Site Maintenance | Online Portal |
| Radiant Heat and Hot Water Included |
One-time.
One-time. Refundable.
One-time. 2 dogs max. Refund Policy: Non-refundable.
Monthly. Refund Policy: Non-refundable.
Questions about this property’s policies and fees?
| Units | 43 |
|---|
8201 S. Michigan Ave is a 43 unit property located in the Chatham neighborhood on Chicago’s South Side. Located on a quiet, tree-lined street, the property is surrounded by single family homes. 8201 S. Michigan Ave is comprised of twelve (12) 2Bd/1Ba units, twenty-eight (28) 1Bd/1Ba unit, and three (3) Studio apartments. The building features updated apartments and has had many recent capital improvements including a newer roof and new porches.
How 8201 S Michigan Avenue compares to other nearby properties.
Positives
Considerations
1-bedroom apartments at 8201 S Michigan Avenue cost about 0% less than the average rent price for 1-bedroom apartments in Chatham.
| Month | Median Rent |
|---|---|
| October 2024 | $1,605 |
| November 2024 | $1,568 |
| December 2024 | $1,501 |
| January 2025 | $1,483 |
| February 2025 | $1,495 |
| March 2025 | $1,520 |
| April 2025 | $1,512 |
| May 2025 | $1,502 |
| June 2025 | $1,531 |
| July 2025 | $1,580 |
| August 2025 | $1,516 |
| September 2025 | $1,473 |
| October 2025 | $1,495 |
| November 2025 | $1,520 |
| December 2025 | $1,495 |
| January 2026 | $1,496 |
| February 2026 | $1,516 |
| March 2026 | $1,657 |
| April 2026 | $1,637 |
| May 2026 | $1,684 |
| June 2026 | $1,691 |
| July 2026 | $1,658 |
| August 2026 | $1,650 |
| September 2026 | $1,650 |
| October 2026 | $1,650 |
| Month | Median Rent |
|---|---|
| October 2024 | $765 |
| November 2024 | $742 |
| December 2024 | $763 |
| January 2025 | $743 |
| February 2025 | $771 |
| March 2025 | $877 |
| April 2025 | $750 |
| August 2025 | $812 |
| September 2025 | $779 |
| October 2025 | $755 |
| November 2025 | $825 |
| December 2025 | $826 |
| January 2026 | $910 |
| February 2026 | $815 |
| March 2026 | $793 |
| April 2026 | $810 |
| May 2026 | $803 |
| June 2026 | $812 |
| July 2026 | $853 |
| August 2026 | $844 |
| September 2026 | $857 |
| October 2026 | $880 |
Can I afford to live at 8201 S Michigan Ave?
Bedrooms
1 bedroomRent-to-income ratio
30%
$42,000/yr
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Chatham | Chicago, IL
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$1,300
Austin • 5237 W Lake St #2A
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$1,350
Kenwood • 4726 S Woodlawn Ave
Studio–2 Beds
$1,140–$1,825
South Shore • 1934 E 74th St #305
1 Bed
$1,050
6500 Cermak Rd #339
1 Bed
$1,125
2146 Gunderson Ave #333
1 Bed
$1,100
5011 W Cermak Rd #27
Studio
$850
Austin • 5239 W Lake St #3A
Studio
$1,300
Austin • 5237 W Lake St #2A
Studio
$1,350
