1516 S Wabash Avenue #1102, Chicago IL 60605
$439,000

1516 S Wabash Avenue #1102, Chicago IL 60605

$439,000
Active
South Loop Attached Single

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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.

Features & Information

Key Details
  • List Price $439,000
  • Property Taxes $7,110
  • Assessments/HOA $871
  • Assessments/HOA frequency Monthly
  • Assessments/HOA Fee Includes Water, Parking, Insurance, TV/Cable, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal
  • Square Feet 0
  • Year Built 1920
  • Listing Market Time 46
  • Status Active

Rooms
  • Total Rooms 5
  • Number of Bedrooms 2
  • Number of Bathrooms 2

  • Primary Bedroom
  • Room Size 12X15
  • Floor Level Main
  • Flooring Hardwood
  • Primary Bathroom Full

  • Bedroom 2
  • Room Size 12X11
  • Floor Level Main
  • Flooring Hardwood

  • Living Room
  • Room Size 20X24
  • Floor Level Main
  • Flooring Hardwood

  • Dining Room
  • Room Size 10X10
  • Floor Level Main
  • Flooring Hardwood

  • Kitchen
  • Room Size 12X14
  • Floor Level Main
  • Flooring Hardwood

Additional Rooms

  • Balcony/Porch/Lanai
  • Room Size 06X10
  • Floor Level Main
  • Flooring Other

  • Foyer
  • Room Size 04X12
  • Floor Level Main
  • Flooring Hardwood

  • Walk In Closet
  • Room Size 6X7
  • Floor Level Main
  • Flooring Hardwood

Interior Features

  • Appliances
  • Appliances Included Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Range Hood

  • Heating & Cooling
  • Heating Type Natural Gas, Forced Air
  • Air Conditioning Central Air

  • Fireplace
  • # of Fireplaces 0

Exterior Features

  • Parking
  • # of Cars 1

Building Information
  • Number of Units 76
  • Age of Building 100+ Years
  • Exposure North,East,City,Lake/Water,Park

  • Pets
  • Pets Allowed? Cats OK, Dogs OK

Location
  • County Cook
  • Township South Chicago
  • Corporate Limits Chicago
  • Directions to Property Roosevelt To Wabash South To Property

  • Schools
  • Elementary School District 299
  • Junior High District 299
  • High School District 299
  • School Name Jones College Prep High School

  • Property Taxes
  • Tax 7109.76
  • Tax Year 2024
  • Tax Exemptions Homeowner
  • Parcel Identification Number 17221060741056

Listed by Cecil Sabu for ALLURE Real Estate | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 8/11/2026 8:02 AM. 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.

Explore South Loop

A dynamic mix of history and innovation, Chicago’s South Loop neighborhood has flourished from a once booming commercial sector into one of the city’s hottest residential areas. Much of the area’s eastern edge encompassed by the Museum Campus, home to an impressive collection of cultural institutions including the Field Museum, Shedd Aquarium, and Adler Planetarium. Sitting along the scenic lakefront, the parkland area located around the Campus is an extension of another one of the South Loop’s amazing spaces—Grant Park. Known as “Chicago’s front yard” locally, Grant Park boasts 319 acres of green space and is host to many of the city’s festivals such as the Taste of Chicago, Chicago Blues Fest, and Lollapalooza. Perfect for nature lovers and avid sports fans alike, the South Loop is also home to Northerly Island and Soldier Field. The South Loop offers a variety of dining and entertainment options, and is the location of notable Chicago restaurants including Acadia, Niu B Sushi, Eleven City Diner, and so much more.

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