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Thomas Pilafas

tmp73@comcast.net +1(708) 805-2250

$ 439,000

Est. payment -/mo

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Price Dropped by $11K

1516 S WABASH AVE #1102 Chicago, IL 60605

2 Beds

2 Baths

1,500 SqFt

UPDATED:

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

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.

Location

State IL

County Cook

Area Chi - Near South Side

Body of Water LOFT

Rooms

Basement None

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

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

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

Listed by Cecil Sabu of ALLURE Real Estate

Thomas Pilafas

Agent | License ID: 475.171442

+1(708) 805-2250

Thomas Pilafas

1516 S WABASH AVE #1102 Chicago, IL 60605

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1516 S WABASH AVE #1102