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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.
| Address |
1516 S WABASH Avenue
Unit# 1102 Chicago, IL 60605 |
| Listing Status | ACTIVE |
| Asking Price | $439,000 |
| On Market Date | $450,000 @ Jun 13, 2026 |
| Original Entry | Jun 13, 2026 |
| Square Footage | 1500 sf |
| Flooring | Hardwood |
| Bedrooms | 2 |
| Full Bathrooms | 2 |
| Directions | ROOSEVELT TO WABASH SOUTH TO PROPERTY |
| Community Area | Landmark Lofts |
| Neighborhood | NEAR SOUTH SIDE |
| Complex | Imperial Lofts |
| School District | Not Listed |
| Property Type | Condo |
| Assessment | $871 |
| HOA Amenities | Bike Room/Bike Trails, Elevator in Residence, Exercise Room, Storage, Receiving Room, Security Door Lock(s) |
| Timeline | Notes |
|---|---|
| Jul 14, 2026 | Price reduced to $439,000 #MRD12677489 |
| Jun 13, 2026 | Listed for $450,000 #MRD12677489 |
| County | Cook |
| Tax PIN | 17221060741056 |
| Property Tax | $7,110 for the year 2024 |
| Lake Michigan Distance | 0.9 miles |
| Style | Attached Single |
| Material | Balcony |
| Lot Size | COMMON |
| Fencing | Not Listed |
| Topography | Not Listed |
| Roof | Rubber |
| Entry Steps | 11 |
| Swimming Pool | Not Listed |
| Accessibility | Two or More Access Exits |
| Parking |
Concrete
Heated Garage
Yes
Garage Owned
Attached
Garage
Total Spaces: 1
Garage Spaces: 1
Non-Garage Spaces:
0 -
|
| View | Not Listed |
| Year Built | 1920 |
| Laundry Location | Washer Hookup,In Unit |
| Elevator | Not Listed |
| Cooling | Central Air |
| Heating | Natural Gas, Forced Air |
| Sewer/Septic | Public Sewer |
| Fireplaces | Not Listed (0) |
| Interior Features | Storage, Built-in Features, Walk-In Closet(s), Open Floorplan |
| Additional Parcels | No |
| Appliances | Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Range Hood |
| Appliances | No |
| Assessments | No |
| Association | No |
| Association Fee 2 | 0 |
| Association Fee Frequency | Monthly |
| Attached Garage | No |
| Basement | None |
| Below Grade Finished Area | 0 |
| Carport Spaces | 0 |
| Common Walls | End Unit |
| Cooling | No |
| Electric | Circuit Breakers, 200+ Amp Service |
| Foundation Details | Concrete Perimeter |
| Heating | No |
| High School District | 299 |
| Land Lease | No |
| Laundry | No |
| Living Area Source | Estimated |
| Lot Features | Common Grounds |
| Main Level Bathrooms | 0 |
| Main Level Bedrooms | 0 |
| New Construction | No |
| Number Of Units Total | 0 |
| Number Remotes | 0 |
| Parking | No |
| Patio | No |
| Pool Private | No |
| Property Attached | No |
| Sprinklers | No |
| View | No |
| Well Depth | 0 |
| Well Gallons Per Minute | 0 |
| Well Pump Horsepower | 0 |
| Well Report | No |
| Window Features | Drapes |
| Platform | MRED |
| AOR | |
| MLS Number | MRD12677489 |
| Courtesy of | ALLURE Real Estate |
https://www.chicagotopcondos.com/MRD12677489