LKV Realty
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$439,000
$2,150Reward *
1516 S WABASH Avenue Unit 1102, Chicago, IL 60605Listing ID 12677489

1516 S WABASH Avenue Unit 1102, Chicago, IL 60605

Active
Landmark Lofts
Time on site: 64 daysLast updated: Jul 28, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
-
Bedrooms
Bedrooms
2
Bathrooms
Bathrooms
2
Square Feet
Square Feet
1,500
Days on Site
Days on Site
65
Cooling
Cooling
Central Air
Heating
Heating
Natural Gas, Forced Air
Year Built
Year Built
1920
Garages
Garages
1
Parking
Parking
Concrete, Heated Garage, Yes, Garage Owned, Attached, Garage

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 Information

Property Details

Location

Address
1516 S WABASH Avenue
County
Cook
City
Chicago
Zip Code
60605
Subdivision
Landmark Lofts
School District
299
High School
Jones College Prep High School
Elementary School
South Loop Elementary School
MLS Area
CHI - Near South Side

Interior Features

Beds and Baths

Bedrooms
2
Full Bathrooms
2

Building

Building Information

Square Feet
1,500
Year Built
1920
Construction
Brick, Stone, Limestone
Foundation
Concrete Perimeter
Roof
Rubber

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$7,110
Tax Year
2024

Homeowner Association

HOA Fee
$871
HOA Fee Frequency
Monthly
ALLURE Real Estate, (312) 772-2820

Market Report for 60605

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MRED
MRED logo

Based on information submitted to the MLS GRID as of 16 Aug 2026, 06:31 PM 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 IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MRD871114 • MRD1018234