ActivePrice Reduced

$434,999

$450,000
1516 WABASH Avenue, Chicago, IL 60605
2 Beds2 Baths0 sqft115 days
1516 WABASH Avenue·Chicago, IL 60605
2Bedrooms
2Bathrooms
0Sq Ft
1920Year Built
About This Home

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.

MLS# 12677489Listed June 13, 2026ResidentialSubdivision: Landmark Lofts
Property Details

Beds & Baths

Total Bedrooms2
Total Bathrooms2
Full Baths2
Half Baths0
Total Rooms5

Size & Structure

Living Area0 sqft
Stories11
Garage Spaces1
Fireplaces0
Year Built1920
Lot SizeCOMMON

Location

CountyCook
TownshipSouth Chicago
SubdivisionLandmark Lofts
Zip Code60605

Financial

List Price$434,999
Original Price$450,000
Annual Taxes (2024)$7,110
Monthly Tax Est.$593
Parcel #17221060741056
Interior Features

Appliances

RangeMicrowaveDishwasherRefrigeratorWasherDryerDisposalRange Hood

Flooring

Hardwood

Heating

Natural GasForced Air

Cooling

Central Air

Basement

None

Laundry

Washer HookupIn Unit

Accessibility

Two or More Access Exits
Exterior & Lot

Construction

BrickStoneLimestone

Roof

Rubber

Foundation

Concrete Perimeter

Exterior Features

Balcony

Lot Features

Common Grounds
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Electric

Circuit Breakers200+ Amp Service

Parking

ConcreteHeated GarageYesGarage OwnedAttachedGarage
HOA & Community
HOA Fee
$871
Monthly

HOA Includes

WaterParkingInsuranceTV/CableExercise FacilitiesExterior MaintenanceScavengerSnow Removal

Association Amenities

Bike Room/Bike TrailsElevator in ResidenceExercise RoomStorageReceiving RoomSecurity Door Lock(s)
Schools
Elementary
South Loop Elementary School
District: 299
High School
Jones College Prep High School
District: 299
Tax & Financial
Annual Taxes
$7,110
Tax Year 2024
Monthly Tax Est.
$593
per month
Price Reduced by $15,001
Original list price: $450,000
Property Location

1516 WABASH Avenue, Chicago, IL 60605 — Cook County

$434,999
1516 WABASH Avenue
2 bd2 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
115 days on market
1-car garage
COMMON
$7,110/yr taxes
$871 HOA (monthly)
Price reduced $15,001
$3,750
estimated monthly payment
Principal & Interest
$2,286/mo
Property Tax
$593/mo
HOA
$871/mo
$434,999
20% — $87,000
3%50%
6.875%
3%12%
Loan Amount
$347,999
Down Payment
$87,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
ALLURE Real Estate
Agent: Cecil Sabu
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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