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111 N Wabash Avenue #810-2102-2103, Chicago, IL 60602
$1,190,000
111 N Wabash Avenue #810-2102-2103, Chicago, IL 60602View this property at 111 N Wabash Avenue #810-2102-2103, Chicago, IL 60602
111 N Wabash Avenue #810-2102-2103ChicagoIL60602
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Property Description
Don't miss this 100% leased investment opportunity in the iconic and historic Garland building. This is a great 1031 exchange opportunity. The portfolio consists of 3 units that are diversified under 2 separate leases/tenants. This is an armchair investment with maintenance taken care of by the HOA and by the tenants. The portfolio is positioned to trade at a 6.72% cap rate at the list price. With predetermined rent escalations built into the leases the return will increase over time. The tenants are well established dentistry professionals with significant lease term remaining. One of the tenants has a lease in place until 2033 and the other is in place until 2028. Both leases feature options to extend. This is a premier location in the heart of Chicago's Loop. Close to everything including Michigan Avenue, restaurants, retail, Millenium Park and the lakefront. There is valet parking available for a fee. Call for a copy of the rent roll. See MLS #11955091 for Units 1114-1116 or MLS #11954596 for Units 810, 2102, 2103, 1114 and 1116 combined.
Full Property Details
Full Property Details for 111 N Wabash Ave #810-2102-2103
General
- Price: $1,190,000
- Taxes: $30,779 (2022)
- Status: Active
- Type: Office
- MLS ID: 11955198
- Updated: 1/15/2024
- Added to Site: 115 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s), Sprinklers (Wet)
Location
- Area: CHI - Loop
- County: Cook
- Driving Directions: Wabash between Randolph and Washington on the East side
- Location Details: Downtown Chicago
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Stories/Levels: 22
- Square Feet: 259,000
- Year Built: 1922
- Built Before 1978: Yes
Unit Information
- # Tenants: 2
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Fire Extinguisher/s, Sprinklers-Wet
- Assessment Year: 1922
- Tax Amount: $30,779
- Tax Year: 2022
Disclosures and Reports
- Property ID: 17103090161034
Listed by Coldwell Banker Real Estate Group
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Schools
Schools serving 111 N Wabash Ave #810-2102-2103
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1212 S Plymouth Ct, Chicago, IL 60605 | PK-8 | 1.2 mi | |
244 E Pershing Rd, Chicago, IL 60653 | 9-12 | 4.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 111 N Wabash Ave #810-2102-2103
Date
Details
Price
Change
Source
1/09/2024
Listed
$1,190,000
41%
MLS
11/26/2019
Sold
$844,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 111 N Wabash Ave #810-2102-2103
Year
Property Taxes
Change
Tax Assessment
Change
2022
$17,922
2%
$87,136
-1%
2021
$17,610
-8%
$87,575
2%
2020
$19,137
11%
$85,905
—
2019
$17,259
2%
$85,905
—
2018
$16,969
41%
$85,905
54%
2017
$12,024
194%
$55,857
174%
2016
$4,089
-60%
$20,417
-63%
2015
$10,236
211%
$55,857
214%
2014
$3,296
-60%
$17,764
-61%
2013
$8,306
1%
$45,669
—
2012
$8,195
—
$45,669
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 111 N Wabash Ave #810-2102-2103
111 N Wabash Avenue #810-2102-2103, Chicago, IL 60602 (MLS# 11955198) is a Office property. 111 N Wabash Avenue #810-2102-2103 is currently listed for $1,190,000 and was received on January 09, 2024. Want to learn more about 111 N Wabash Avenue #810-2102-2103? Do you have questions about finding other Office real estate for sale in The Loop? You can browse all The Loop real estate or contact a Coldwell Banker agent to request more information.