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1516 S Wabash Avenue , #1102

Chicago, IL 60605
  • $434,999
  • STATUS: Active
  • MLS #: 12677489
Price Reduced
UPDATED: 18 min ago
$434,999
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,500
    SQFT
  • $290
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1920
County:

School Information

Elementary School:
School District:
299

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.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Captivate Real Estate Group | eXp Realty LLC.

Based on information submitted to the MLS GRID as of 2026-10-11T17:01:50.78 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1516 S Wabash Avenue , #1102 Chicago, IL 60605

  • Price: $434,999
  • Status: Active
  • On Site: Days
  • Updated: 18 min ago
  • MLS #: 12677489
2
Beds
2
Baths
0
½ Baths
N/A
Acres
1,500
SQFT
$290
$/SQFT
1920
Built
Neighborhood:
Landmark Lofts
County:
Cook
Area:
Chi - Near South Side
Elementary School:
South Loop Elementary School
High School:
Jones College Prep High School
School District:
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.
Exterior Features

Exterior Features Balcony Foundation Details Concrete Perimeter Is Parking Included In Price No Lot Features Common Grounds Parking Features ConcreteHeated GarageYesGarage OwnedAttachedGarage Parking Total 1 Roof Rubber Stories Total 11 Waterfront YN No

Interior Features

Appliances RangeMicrowaveDishwasherRefrigeratorWasherDryerDisposalRange Hood Approximate Finished Sq Ft 0 Basement Bathrooms YN No Basement Details None Bathroom Whirlpool Bedrooms Below Grade 0 Bedrooms Total 2 Cooling Central Air Dining Room Combined w/ LivRm Fireplaces Total 0 Flooring Hardwood Heating Natural GasForced Air Interior Features StorageBuilt-in FeaturesWalk-In Closet(s)Open Floorplan Laundry Features Washer HookupIn Unit Room Type Balcony/Porch/LanaiFoyerWalk In Closet Rooms Balcony/Porch/Lanai (Main) Foyer (Main) Walk In Closet (Main) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) Bedroom 2 (Main) Bedroom 3 (N/A) Bedroom 4 (N/A) Dining Room (Main) Family Room (N/A) Kitchen (Main) Laundry (N/A) Living Room (Main) Master Bedroom (Main) Rooms Total 5 Total Sq Ft 0 Unfinished Sqft 0

Property Features

Accessibility Features Two or More Access Exits Additional Parcels YN No Age 100+ Years Association Amenities Bike Room/Bike TrailsElevator in ResidenceExercise RoomStorageReceiving RoomSecurity Door Lock(s) Association Fee 871 Association Fee Frequency Monthly Association Fee Includes WaterParkingInsuranceTV/CableExercise FacilitiesExterior MaintenanceScavengerSnow Removal Built Before1978 YN Yes Can Owner Rent Unit YN Yes Corporate Limits Chicago Currently Leased No Disability Access And Or Equipped Yes Electric Circuit Breakers200+ Amp Service General Information None Master Association Fee Frequency Not Required Master Association Fee YN No Max Pet Weight 999 Mls Actual Status Active New Construction YN No Ownership Condo Pets Allowed Cats OKDogs OK Pets Allowed YN Yes Rebuilt YN No Rehab Year 2014 Rural No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 7109.76 Tax Year 2024 Total Numberof Unitsin Building 76 Township South Chicago Type Attached Single Type Attached CondoCondo-LoftPenthouse Water Source Lake Michigan

Listing courtesy of © 2026 Midwest Real Estate Data LLC as distributed by MLS GRID.
Listing provided courtesy of ALLURE Real Estate: 312-772-2820.



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Captivate Real Estate Group | eXp Realty LLC.

Based on information submitted to the MLS GRID as of 2026-10-11T17:01:50.78 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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