For Sale at Imperial Lofts: 1516 S WABASH Avenue #1102, Chicago, IL 60605. 2-bedroom 2-bath, 1500 sf, 1920 Landmark Lofts $439,000 begin new search
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Overview

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
Rooms
Balcony/Porch/Lanai, Foyer, Walk In Closet
Square Footage 1500 sf
Flooring Hardwood
Bedrooms 2
Full Bathrooms 2
Location
Directions ROOSEVELT TO WABASH SOUTH TO PROPERTY
Community Area Landmark Lofts
Neighborhood NEAR SOUTH SIDE
Complex Imperial Lofts
School District Not Listed
Ownership
Property Type Condo
Assessment $871
HOA Amenities Bike Room/Bike Trails, Elevator in Residence, Exercise Room, Storage, Receiving Room, Security Door Lock(s)
Listing History
Timeline Notes
Jul 14, 2026Price reduced to $439,000 #MRD12677489
Jun 13, 2026Listed for $450,000 #MRD12677489
Public Records
County Cook
Tax PIN 17221060741056
Property Tax $7,110 for the year 2024
Lake Michigan Distance 0.9 miles
Exterior
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
Features
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
Monthly Payment Calculator
Listing Source
Platform MRED
AOR
MLS Number MRD12677489
Courtesy of ALLURE Real Estate