1516 S Wabash Avenue #1102, Chicago, IL 60605
Local realty services provided by:ERA Partners
1516 S Wabash Avenue #1102,Chicago, IL 60605
$434,999
- 2 Beds
- 2 Baths
- 1,500 sq. ft.
- Condominium
- Active
Listed by: cecil sabu, olivia nivison
Office: allure real estate
MLS#:12677489
Source:MLSNI
Price summary
- Price:$434,999
- Price per sq. ft.:$290
- Monthly HOA dues:$871
About this home
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....
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Home facts
- Year built:1920
- Subdivision & Development:Landmark Lofts
- Listing ID #:12677489
- Updated:November 14, 2026 at 12:32 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:5
- Dining Description:Combined With Living Room
- Bathrooms Description:Whirlpool
- Kitchen Description:Dishwasher, Disposal, Microwave, Range, Range Hood, Refrigerator
- Living area:1,500 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Rubber
- Year built:1920
- Building area:1,500 sq. ft.
- Lot Features:Common Grounds
- Exterior Features:Balcony
- Foundation Description:Concrete Perimeter
Schools
- High school:Jones College Prep High School
- Elementary school:South Loop Elementary School
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$434,999
- Price per sq. ft.:$290
- Tax amount:$7,110 (2024)
Features and amenities
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:1
- Parking description:Attached Garage, Concrete, Garage
- Garage:Yes
- Garage spaces:1
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