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1516 S Wabash Avenue, Unit 1102, Chicago, IL 60605

$439,000
  • 1516 S Wabash Avenue, Unit 1102, Chicago, IL 60605 Main Photo

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Active
BEDS2 BATHS2 full SQUARE FEET1,500 MLS#12677489
STATUSActive PROPERTY TYPEResidential - Condominium SUBDIVISIONLandmark Lofts SCHOOLDistrict 299

Property Description

Landmark Lofts is an investor-friendly condo association, making this top-floor northeast-corner residence an exceptional opportunity for investors and owner-occupants. Based on estimated market rent for both the residence and deeded heated parking space, the property offers the potential for an upwards-of-6% capitalization rate, subject to buyer verification and operating assumptions. This expansive approximately 1,500-square-foot loft features 2 bedrooms, 2 full baths, soaring ceilings, oversized windows, sweeping skyline and lake views, and a private balcony. The open living and dining area flows into a renovated kitchen with quartz countertops, stainless-steel appliances, abundant cabinetry, and generous workspace. Additional highlights include an updated HVAC system, new full-size in-unit washer and dryer, a spacious primary suite with walk-in closet, dedicated storage, and deeded heated garage parking. Ideally located in the South Loop near the Loop, CTA transportation, Museum Campus, Grant Park, the lakefront, restaurants, shopping, universities, hospitals, and major employment centers. A turnkey rental condo investment with strong income potential, valuable parking revenue, and excellent owner-user flexibility. All rental and investment figures are estimates and should be independently verified by the buyer.

1516 S Wabash Avenue, Unit 1102 | MLS# 12677489

This condo located at 1516 S Wabash Avenue, Unit 1102, Chicago, IL 60605 is currently listed for sale with an asking price of $439,000. This property was built in 1920 and has 2 bedrooms and 2 full baths with 1500 sq. ft. S Wabash Avenue, Unit 1102 is located in the Landmark Lofts subdivision within the District 299 school district. Search Landmark Lofts real estate on www.mycrr.com today.

Property Features

Property Type: Residential - Condominium
Basement: None
Cooling: Central Air
Garage: 1
Heating: Natural Gas, Forced Air
Lot Size: COMMON
Roof Type: Rubber
Stories: 11.0
Taxes: $7,109
Year Built: 1920

Amenities

Storage
Built-in Features
Walk-In Closet(s)
Open Floorplan

Feature Descriptions

Additional rooms: Balcony/Porch/Lanai, Foyer, Walk In Closet
Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Range Hood
Association Amenities: Bike Room/Bike Trails, Elevator in Residence, Exercise Room, Storage, Receiving Room, Security Door Lock(s)
Association Includes: Water, Parking, Insurance, TV/Cable, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal
Bath Features: Whirlpool
Dining Room: Combined w/ LivRm
Exterior: Brick, Stone, Limestone
HOA Fee: 871/ Monthly
Laundry: Washer Hookup, In Unit
Lot: Common Grounds
Lot Dimensions: COMMON
Parcel#: 17221060741056
Parking: Concrete, Heated Garage, Yes, Garage Owned, Attached, Garage
Pet Allowed: Cats OK, Dogs OK
Sewer: Public Sewer
Total Rooms: 5
Township: South Chicago
Water: Lake Michigan

Room Sizes

Balcony/Porch/Lanai: 06X10
Foyer: 04X12
Walk In Closet: 6X7
Bedroom 2: 12X11
Dining Room: 10X10
Kitchen: 12X14
Living Room: 20X24
Primary Bedroom: 12X15

Local Schools

High School: Jones College Prep High School
Elementary School: South Loop Elementary School
School District: District 299

Listed By / Shown By

Listed By

Agency Name: ALLURE Real Estate
Agency Phone: 312-772-2820

Shown By

Agency Title: Charles Rutenberg Realty
Agency Phone: 630-929-1100

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Estimate Your Payment

Estimated Payment

$ 2,940.28 per month $2,219.82 Principal & Interest $592.42 Property Tax $128.04 Homeowner's Insurance

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