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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 | $434,999 |
| On Market Date | $450,000 @ Jun 13, 2026 |
| Square Footage | 1500 sf |
| Flooring | Hardwood |
| Bedrooms | 2 |
| Full Bathrooms | 2 |
| Aprox. Total Finished Sq Ft | 0 |
| Bath Amenities | Whirlpool |
| Dining Room | Combined w/ LivRm |
| Total Finished/Unfinshed Sq Ft | 0 |
| Total Sq Ft | 0 |
| Bathrooms Total Integer | 2 |
| Beds | 2 |
| Est SF | 1,500 |
| Full Bathrooms | 2 |
| Laundry YN | 0 |
| Living Area Source | Estimated |
| Main Level Bathrooms | 0 |
| Main Level Bedrooms | 0 |
| Half Bathrooms | 0 |
| Rooms Total | 5 |
| Serchbl Rms | Balcony/Porch/Lanai,Foyer,Walk In Closet |
| Tot Bds | 0 |
| East | 44 |
| North | 0 |
| Rural (Y/N) | N |
| South | 1516 |
| West | 0 |
| Addr Drctn | S |
| Address | 1516 S WABASH Avenue |
| Addr Number | 1516 |
| Addr Street | WABASH |
| Add Srch Num | 0 |
| City | Chicago |
| Cmplx | Imperial Lofts |
| Community | Landmark Lofts |
| Dir | ROOSEVELT TO WABASH SOUTH TO PROPERTY |
| Elementary School | South Loop Elementary School |
| Elementary School URL | 299 |
| Geo Latitude | 0 |
| Geo Longitude | 0 |
| Geo Match Code | 0 |
| Geo Matched Method | 0 |
| Geo Quality | 0 |
| Geo Zoom Level | 0 |
| High School | Jones College Prep High School |
| High School District | 299 |
| Middle Or Junior School District | 299 |
| Neighborhd | NEAR SOUTH SIDE |
| Postal Code Plus4 | 0 |
| State | IL |
| Street Suffix | Avenue |
| Township | South Chicago |
| Un Sp Num | 1102 |
| Waterfront YN | No |
| Zip | 60605 |
| Board Number | 8 |
| Management | Manager Off-site |
| Management Company | Hales Management |
| Management Contact Name | (312) 666-0149 |
| Management Phone | 312-666-0149 |
| Max Pet Weight | 999 |
| Pets Allowed (Y/N) | Yes |
| Special Assessments | Y |
| Assessments YN | 0 |
| Association Dues 2 | 0 |
| Association Fee2 | 0 |
| Association Fee Frequency | Monthly |
| Association YN | 0 |
| HOA Fee | $871.00 |
| Pets Allowed | Cats OK,Dogs OK |
| Coop Annual Tax Deduction | 0 |
| Electric Expense | 0 |
| Fuel Expense | 0 |
| Gross Income | 0 |
| Insurance Expense | 0 |
| Land Lease YN | No |
| Lease Amount | 0 |
| Maintenance Expense | 0 |
| Manager Expense | 0 |
| Master Association Fee | No |
| Net Operating Income | 0 |
| Omt | 50 |
| Other Expense | 0 |
| Professional Management Expense | 0 |
| Property Currently Being Leased | No |
| Special Service Area | N |
| Tax Exemptions | Homeowner |
| Tax Annual Amount | $7,109.76 |
| Tax Year | 2,024 |
| Trash Expense | 0 |
| Water Sewer Expense | 0 |
| Seller Consider Concession YN | 0 |
| Concessions Amount | 0 |
| Sold Price | 0 |
| Exterior Building Type | Brick,Stone,Limestone |
| Total # Units in Building | 76 |
| Unit Floor Level | 11 |
| Ent Stps | 11 |
| Exterior | Balcony |
| Lot Features | Common Grounds |
| Lot Size Acres | 0 |
| Lot Sz | COMMON |
| Patio YN | 0 |
| Pool Private YN | 0 |
| Property Attached YN | No |
| Roof | Rubber |
| Style | Attached Single |
| Total Stories | 11 |
| Lot Size Area | 0 |
| Horse YN | No |
| Attached Garage YN | No |
| Carport Spaces | 0 |
| Number Remotes | 0 |
| Parking Features | Concrete,Heated Garage,Yes,Garage Owned,Attached,Garage |
| Parking Garage Spaces | 1 |
| Parking Total | 1 |
| Parking YN | 0 |
| Garage YN | No |
| Carport YN | No |
| Basement Bathrooms (Y/N) | No |
| Bedrooms (Below Grade) | 0 |
| Basement | None |
| Below Grade Finished Area | 0 |
| Basement YN | No |
| Acsblty Ftr | Two or More Access Exits |
| Additional Parcels YN | No |
| Appliances | Range,Microwave,Dishwasher,Refrigerator,Washer,Dryer,Disposal,Range Hood |
| Appliances YN | 0 |
| Asctn Amnts | Bike Room/Bike Trails,Elevator in Residence,Exercise Room,Storage,Receiving Room,Security Door Lock(s) |
| Association Fee Includes | Water,Parking,Insurance,TV/Cable,Exercise Facilities,Exterior Maintenance,Scavenger,Snow Removal |
| Common Walls | End Unit |
| Cooling | Central Air |
| Cooling YN | 0 |
| Disability Access and/or Equipped | Yes |
| Electric | Circuit Breakers,200+ Amp Service |
| Fireplace | 0 |
| Flor Cvrngs | Hardwood |
| Foundation Details | Concrete Perimeter |
| General Information | None |
| Heat Eqpmnt | Natural Gas,Forced Air |
| Heating YN | 0 |
| Interr Ftrs | Storage,Built-in Features,Walk-In Closet(s),Open Floorplan |
| Keyword | 0 |
| Landry Lctn | Washer Hookup,In Unit |
| New Construction YN | No |
| Number Of Units Total | 0 |
| Sewer Septc | Public Sewer |
| Sprinklers YN | 0 |
| View YN | 0 |
| Water | Lake Michigan |
| Well Depth | 0 |
| Well Gallons Per Minute | 0 |
| Well Pump Horsepower | 0 |
| Well Report YN | 0 |
| Window Features | Drapes |
| Age | 100+ Years |
| Built Before 1978 (Y/N) | Yes |
| Rebuilt (Y/N) | No |
| Rehab (Y/N) | Yes |
| Rehab Year | 2014 |
| Yr Blt | 1,920 |
| Broker Owned/Interest (Y/N) | No |
| Ownership | Condo |
| Possession | Closing |
| LA1 First Nm | Cecil |
| LA1 Last Nam | Sabu |
| List Agent Full Name | Cecil Sabu |
| Timeline | Notes |
|---|---|
| Loading listing history… | |
| County | Cook |
| Tax PIN | 17221060741056 |
| Property Tax | $7,110 for the year 2024 |
| Lake Michigan Distance | 0.9 miles |
| Platform | MRED |
| AOR | |
| MLS Number | MRD12677489 |
| Courtesy of |
https://www.chicagotopcondos.com/MRD12677489
| Address | Unit | List Price | Status |
|---|---|---|---|
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