CLOSED: 405 N WABASH #2512, Chicago, IL 60611. 0-bedroom 1-bath, 1977 Near North Side $229,900 begin new search
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Overview

***GREAT INVESTMENT OPPORTUNITY WITH A LONG-TERM TENANT & Long term Lease, good rent until March 2026 *** Rare opportunity to purchase an East Facing Jr. 1 Bedroom with views of the Iconic Wrigley Building and Chicago River. This sun drenched unit is located in the very popular River North neighborhood. As you walk into the unit you will notice the open layout ready to enjoy and entertain. The kitchen has an open layout that has great storage and seating/counter area for all to gather. The living room windows extend out to provide southern views of the river and iconic Chicago. The bedroom/sleeping area is separated with Double Sliding Doors for privacy and flexibility. Great flexibility to open living room & Bedroom for a vast open space. Updated bathroom with ample storage and counter space. This unit also offers TONS of closet space. *** THIS IS A GREAT INVESTMENT OPPORTUNITY. LONG TERM TENANT OF OVER 10 YEARS. Just signed an extension until MARCH 2026, so no Vacancy or prep expenses for 2 years. Tenant always renews for 2 years and would like to stay long term. Assessments include heat, air, water, cable & hi-speed internet. Amenities included and offered by the building - 24-hour door staff, on-site management & 24-hour maintenance, 24-hour 3000+sqft plus fitness center with newer Lifetime Fitness equipment, a 20-meter 4 lap heated indoor pool open yearlong, hot tub, sun deck, hospitality room, package room and on-site laundry with smart app. Wi-Fi in all common areas. Owner Occupancy is over 60% and reserves are just over $3 million. There is no rental cap, min 1 year lease per association rules. River Plaza is located in the mix of everything. You are walking distances away from the Chicago River, Mag Mile, Downtown, Great Dining, Night life and so much more.

Address 405 N WABASH

Unit# 2512


Chicago, IL 60611
Listing Status Closed
Sold Price $229,000
Asking Price $229,900
Original Listing $229,900 @
Escrow Date 2024-03-23
Closing Date 2024-04-15
Off-Market Date 2024-03-23T05:00:00Z
Days on MLS
Ownership
Property Type Condo
Asssessment $493
HOA Amenities Bike Room/Bike Trails, Door Person, Coin Laundry, Elevator(s), Exercise Room, Health Club, On Site Manager/Engineer, Party Room, Sundeck, Indoor Pool, Receiving Room, Restaurant, Valet/Cleaner, Spa/Hot Tub, Business Center, High Speed Conn.
Rooms
No additional rooms
Square Footage Not Disclosed
Bedrooms 0
Full Bathrooms 1
Location
Directions OHIO/GRAND TO WABASH SOUTH TO PROPERTY
Neighborhood Near North Side
School District Not Listed
Public Records
County Cook
Tax PIN 17101320371693
Property Tax $3,489 for the year 2022
Features
Year Built 1977
Laundry Location Common Area
Elevator Not Listed
Cooling Central Air
Heating Forced Air
Sewer/Septic Public Sewer
Fireplaces Not Listed (0)
Additional Parcels No
Appliances Range, Microwave, Dishwasher, Refrigerator
Association Fee Frequency Monthly
Basement None
High School District 299
Living Area Source Estimated
New Construction No
Monthly Payment Calculator
Listing Source
Platform MRED
AOR
MLS Number MRD12000187
Courtesy of Streeterville Realty, LLC
Exterior
Style Attached Single
Material Not Listed
Lot Size COMMON
Fencing Not Listed
Topography Not Listed
Swimming Pool Not Listed
Parking
Total Spaces: 0
Garage Spaces: 0
Non-Garage Spaces: 0 -
View Not Listed