Condo $ 439,000

1516 S WABASH AVE #1102

Chicago, IL 60605

  • 2 Beds
  • 2 Baths
    Full Baths: 2
  • 1,500 SqFt
  • 1920 Year Built
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.
Listed by Cecil Sabu of ALLURE Real Estate

VIRTUAL TOUR

VIDEO

PROPERTY DETAIL

  • Key Details

    Property Type Condo

    Sub Type Condo

    Listing Status Active

    Purchase Type For Sale

    Square Footage 1, 500 sqft

    Price per Sqft $292

    Subdivision Landmark Lofts

    MLS Listing ID 12677489

    Bedrooms 2

    Full Baths 2

    HOA Fees $871/mo

    Rental Info Yes

    Year Built 1920

    Annual Tax Amount $7,109

    Tax Year 2024

    Lot Dimensions COMMON

    Property Sub-Type Condo

  • Location

    State IL

    County Cook

    Area Chi - Near South Side

    Body of Water LOFT

  • Rooms

    Basement None

  • Building

    Lot Description Common Grounds

    Dwelling Type Attached Single

    Building Description Brick,Stone,Limestone, No

    Story 11

    Sewer Public Sewer

    Water Lake Michigan

    Structure Type Brick,Stone,Limestone

    New Construction false

  • Interior

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

    Heating Natural Gas, Forced Air

    Cooling Central Air

    Flooring Hardwood

    Fireplace N

    Appliance Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Range Hood

    Laundry Washer Hookup, In Unit

  • Exterior

    Exterior Feature Balcony

    Garage Spaces 1.0

    Amenities Available Bike Room/Bike Trails, Elevator in Residence, Exercise Room, Storage, Receiving Room, Security Door Lock(s)

    Roof Type Rubber

  • Schools

    Elementary Schools South Loop Elementary School

    High Schools Jones College Prep High School

    School District 299 , 299, 299

  • Others

    HOA Fee Include Water,Parking,Insurance,TV/Cable,Exercise Facilities,Exterior Maintenance,Scavenger,Snow Removal

    Ownership Condo

    Special Listing Condition None

    Pets Allowed Cats OK, Dogs OK

    Virtual Tour https://www.zillow.com/view-imx/954b12a8-01ad-4c81-932f-919784fca40a?wl=true&setAttribution=mls&initialViewType=pano

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CONTACT

Cecil Sabu
Cecil Sabu
Email: csabu@allure.realestate Tel: +1(312) 772-2820

License ID: 471.019943 | NMLS ID: 2111992

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