Views - Primary on Main
Address
1516 S Wabash Avenue # 1102, Chicago, IL
Price
$ 439,000
Property Attributes
  • ID#12677489
  • TypeCondos
  • Listing Status Active
  • CountyCOOK
  • CityChicago
  • AreaCHI - Near South Side
  • NeighborhoodLandmark Lofts
  • Zip60605
  • StyleCondo,Condo-Loft,Penthouse
  • Year Built1920
  • Taxes$ 7109
  • Price$ 439,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1500
Data Source:
Midwest Real Estate Data (MRED)
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.

Elementary School High School
South Loop Elementary School Jones College Prep High School
Price History
6/14/2026 Listed $450,000
7/14/2026 3$439,000

General Features

Living Area 1500
Sewer Public Sewer
Heating Natural Gas,Forced Air
Cooling Central Air
Possession Closing
Roof Rubber
Appliances Range,Microwave,Dishwasher,Refrigerator,Washer,Dryer,Disposal,Range Hood
HOA Fee 871
Garage Spaces 1
Association Fee Includes Water,Parking,Insurance,TV/Cable,Exercise Facilities,Exterior Maintenance,Scavenger,Snow Removal
Construction Materials Brick,Stone,Limestone
Pets Allowed Cats OK,Dogs OK
Year Built 1920
Electric Circuit Breakers,200+ Amp Service
Township South Chicago
Unit Number 1102
Tax Year 2024
Ownership Condo
Accessibility Two or More Access Exits
Assoc Fee Paid Per Monthly
County Cook
New Construction No
Property Type Residential
Association Amenities Bike Room/Bike Trails,Elevator in Residence,Exercise Room,Storage,Receiving Room,Security Door Lock(s)
Subdivision Name Landmark Lofts
Total Rooms 5
Full Baths 2
Status Active
Directions ROOSEVELT TO WABASH SOUTH TO PROPERTY
High School Jones College Prep High School
City Chicago
High School District 299
MLS Area CHI - Near South Side
Elementary School South Loop Elementary School
Tax Annual Amount 7109.76
Additional Parcels Y/N No
Virtual Tour https://my.matterport.com/show/?m=7dQxkVT5Ww3
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Property Type Attached Single
Sub Type Condo,Condo-Loft,Penthouse
MRD_CAN_OWNER_RENT Yes

Interior Features

Interior Amenities Storage,Built-in Features,Walk-In Closet(s),Open Floorplan
Basement None
Flooring Hardwood
Total Stories 11
Laundry Features Washer Hookup,In Unit
Total Bedrooms 2
Room Type Balcony/Porch/Lanai,Foyer,Walk In Closet
LivingAreaSource Estimated
Total Baths 2
Bedrooms Possible 2
Bathroom Whirlpool
Total Number of Units 76

Exterior Features

Model LOFT
Exterior Amenities Balcony
Parking Features Concrete,Heated Garage,Yes,Garage Owned,Attached,Garage
Lot Features Common Grounds
Water Source Lake Michigan
Total Parking 1
Foundation Details Concrete Perimeter
Lot Dimensions COMMON
OwnerPhone 630-828-4999
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Condos Average in 60605

Price
AVG $490K
$440K
Taxes
AVG $9,398
$7,109
Year Built
AVG 1980
1920
Visits
AVG 104
298
Data Provided by Inside Real Estate®

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