For Sale at Imperial Lofts: 1516 S WABASH Avenue #1102, Chicago, IL 60605. 2-bedroom 2-bath, 1500 sf, 1920 Landmark Lofts $434,999 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 $434,999
On Market Date $450,000 @ Jun 13, 2026
Rooms
Balcony/Porch/Lanai, Foyer, Walk In Closet
Square Footage 1500 sf
Flooring Hardwood
Bedrooms 2
Full Bathrooms 2
Interior
Aprox. Total Finished Sq Ft0
Bath AmenitiesWhirlpool
Dining RoomCombined w/ LivRm
Total Finished/Unfinshed Sq Ft0
Total Sq Ft0
Bathrooms Total Integer2
Beds2
Est SF1,500
Full Bathrooms2
Laundry YN0
Living Area SourceEstimated
Main Level Bathrooms0
Main Level Bedrooms0
Half Bathrooms0
Rooms Total5
Serchbl RmsBalcony/Porch/Lanai,Foyer,Walk In Closet
Tot Bds0
Location
East44
North0
Rural (Y/N)N
South1516
West0
Addr DrctnS
Address1516 S WABASH Avenue
Addr Number1516
Addr StreetWABASH
Add Srch Num0
CityChicago
CmplxImperial Lofts
CommunityLandmark Lofts
DirROOSEVELT TO WABASH SOUTH TO PROPERTY
Elementary SchoolSouth Loop Elementary School
Elementary School URL299
Geo Latitude0
Geo Longitude0
Geo Match Code0
Geo Matched Method0
Geo Quality0
Geo Zoom Level0
High SchoolJones College Prep High School
High School District299
Middle Or Junior School District299
NeighborhdNEAR SOUTH SIDE
Postal Code Plus40
StateIL
Street SuffixAvenue
TownshipSouth Chicago
Un Sp Num1102
Waterfront YNNo
Zip60605
Condominium
Board Number8
ManagementManager Off-site
Management CompanyHales Management
Management Contact Name(312) 666-0149
Management Phone312-666-0149
Max Pet Weight999
Pets Allowed (Y/N)Yes
Special AssessmentsY
Assessments YN0
Association Dues 20
Association Fee20
Association Fee FrequencyMonthly
Association YN0
HOA Fee$871.00
Pets AllowedCats OK,Dogs OK
Financial
Coop Annual Tax Deduction0
Electric Expense0
Fuel Expense0
Gross Income0
Insurance Expense0
Land Lease YNNo
Lease Amount0
Maintenance Expense0
Manager Expense0
Master Association FeeNo
Net Operating Income0
Omt50
Other Expense0
Professional Management Expense0
Property Currently Being LeasedNo
Special Service AreaN
Tax ExemptionsHomeowner
Tax Annual Amount$7,109.76
Tax Year2,024
Trash Expense0
Water Sewer Expense0
Seller Consider Concession YN0
Sale History
Concessions Amount0
Sold Price0
Exterior
Exterior Building TypeBrick,Stone,Limestone
Total # Units in Building76
Unit Floor Level11
Ent Stps11
ExteriorBalcony
Lot FeaturesCommon Grounds
Lot Size Acres0
Lot SzCOMMON
Patio YN0
Pool Private YN0
Property Attached YNNo
RoofRubber
StyleAttached Single
Total Stories11
Lot Size Area0
Horse YNNo
Parking
Attached Garage YNNo
Carport Spaces0
Number Remotes0
Parking FeaturesConcrete,Heated Garage,Yes,Garage Owned,Attached,Garage
Parking Garage Spaces1
Parking Total1
Parking YN0
Garage YNNo
Carport YNNo
Basement
Basement Bathrooms (Y/N)No
Bedrooms (Below Grade)0
BasementNone
Below Grade Finished Area0
Basement YNNo
Features
Acsblty FtrTwo or More Access Exits
Additional Parcels YNNo
AppliancesRange,Microwave,Dishwasher,Refrigerator,Washer,Dryer,Disposal,Range Hood
Appliances YN0
Asctn AmntsBike Room/Bike Trails,Elevator in Residence,Exercise Room,Storage,Receiving Room,Security Door Lock(s)
Association Fee IncludesWater,Parking,Insurance,TV/Cable,Exercise Facilities,Exterior Maintenance,Scavenger,Snow Removal
Common WallsEnd Unit
CoolingCentral Air
Cooling YN0
Disability Access and/or EquippedYes
ElectricCircuit Breakers,200+ Amp Service
Fireplace0
Flor CvrngsHardwood
Foundation DetailsConcrete Perimeter
General InformationNone
Heat EqpmntNatural Gas,Forced Air
Heating YN0
Interr FtrsStorage,Built-in Features,Walk-In Closet(s),Open Floorplan
Keyword0
Landry LctnWasher Hookup,In Unit
New Construction YNNo
Number Of Units Total0
Sewer SeptcPublic Sewer
Sprinklers YN0
View YN0
WaterLake Michigan
Well Depth0
Well Gallons Per Minute0
Well Pump Horsepower0
Well Report YN0
Window FeaturesDrapes
Condition
Age100+ Years
Built Before 1978 (Y/N)Yes
Rebuilt (Y/N)No
Rehab (Y/N)Yes
Rehab Year2014
Yr Blt1,920
Terms
Broker Owned/Interest (Y/N)No
OwnershipCondo
PossessionClosing
Listing Information
LA1 First NmCecil
LA1 Last NamSabu
List Agent Full NameCecil Sabu
Listing History
Timeline Notes
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Public Records
County Cook
Tax PIN 17221060741056
Property Tax $7,110 for the year 2024
Lake Michigan Distance 0.9 miles
Monthly Payment Calculator
Listing Source
Platform MRED
AOR
MLS Number MRD12677489
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