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1516 S Wabash Avenue Chicago IL 60605 Unit 1102

MLS #12677489

For Sale
$434,999
June 14th, 2026

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.

Property Info

2 Bedrooms
2 Bathrooms
115 Days on Market
1500 Sq Ft
$290/sqft
PIN: 17221060741056

Tax & HOA Information

Tax Year 2024: $7,646
HOA: $871/month
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Schools

GreatSchools Rating: N/A
Elementary School
District 299
GreatSchools Rating: N/A
Middle School
District 299
GreatSchools Rating: N/A
High School
District 299

Property Location

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Listed by Cecil Sabu with ALLURE Real Estate 312-772-2820

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