1516 S WABASH Avenue #1102, Chicago, IL 60605 (MLS # 12677489)

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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.

DAYS ON MARKET 60 LAST UPDATED 7/14/2026
TRACT Landmark Lofts YEAR BUILT 1920
COMMUNITY CHI - Near South Side GARAGE SPACES 1.0
COUNTY Cook STATUS Active
PROPERTY TYPE(S) Condo/Townhouse/Co-Op

SCHOOLS
School District Jones College Prep High School
Elementary School South Loop Elementary School
High School Jones College Prep High School

PRICE HISTORY
Prior to Jul 14, '26 $450,000
Jul 14, '26 - Today $439,000


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AMENITIES Insurance, Snow Removal, Water
APPLIANCES Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
AREA CHI - Near South Side
BASEMENT None
CONSTRUCTION Brick, Stone
EXTERIOR Balcony
GARAGE Attached Garage, Yes
HEAT Forced Air, Natural Gas
HOA DUES 871
INTERIOR Built-in Features, Entrance Foyer, Open Floorplan, Storage, Walk-In Closet(s)
LOT 0
LOT DIMENSIONS COMMON
PARKING Concrete, Heated Garage, Attached, Garage
SEWER Public Sewer
STORIES 11
SUBDIVISION Landmark Lofts
TAXES 7109.76
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
*Estimate only

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