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$439,000
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Property Description
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.
Full Property Details
Full Property Details for 1516 S Wabash Ave #1102
General
- Price: $439,000
- HOA FEE: $871/month
- Taxes: $7,109 (2024)
- Status: Active
- Type: Condo
- Source: MRED
- MLS ID: 12677489
- Updated: 7/28/2026
- Added to Site: 65 day(s) ago
Interior
- Basement: None
- Interior Features: Storage, Built-in Features, Walk-In Closet(s), Open Floorplan
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Range Hood
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Bathroom Features: Whirlpool
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Bike Room/Bike Trails, Elevator in Residence, Exercise Room, Storage, Receiving Room, Security Door Lock(s)
Exterior
- Exterior Features: Balcony
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Concrete, Heated Garage, Yes, Garage Owned, Attached, Garage
Location
- Area: CHI - Near South Side
- County: Cook
- Township: South Chicago
- Subdivision: Landmark Lofts
- Driving Directions: ROOSEVELT TO WABASH SOUTH TO PROPERTY
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
- Elementary School: South Loop Elementary School
- High School: Jones College Prep High School
- Private School: Jones College Prep High School
Community
- Assoc. Fees Include: Water, Parking, Insurance, TV/Cable, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal
- Pets Allowed: Yes
- Pets: Cats OK, Dogs OK
- Pet Restrictions: Cats OK, Dogs OK, / 999lbs.
- Mgmt. Company: Hales Management
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Structure Type: Condo, Condo/Loft, Penthouse
- Model: LOFT
- Construction: Brick, Stone, Limestone
- Exterior Const.: Brick, Stone, Limestone
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Roof: Rubber
- Common Walls: End Unit
- Windows: Drapes
- Sub-Flooring: Hardwood
- Entry Floor Number: 11
- Stories/Levels: 11
- Square Feet: 1,500
- Sq. Ft. Source: Estimated
- Year Built: 1920
- Built Before 1978: Yes
- Remodeled/Updated: 2014
Unit Information
- Units in Building: 76
Manufactured Home
- Model: LOFT
Lot Features
- Lot Dimensions: COMMON
- Lot Features: Common Grounds
Animals
- Animals Allowed: Cats OK, Dogs OK
Financial Considerations
- Association Fee: $871
- Assoc Fee Freq.: Monthly
- Assessment Year: 1920
- Tax Amount: $7,109.76
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Condo
- Property ID: 17221060741056
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Schools
Schools serving 1516 S Wabash Ave #1102
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
South Loop Elementary School 1212 South Plymouth Court, Chicago, IL 60605 | PK-8 | 0.4 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 2.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 1516 S Wabash Ave #1102
Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,646
—
$38,553
-2%
2023
$7,646
3%
$39,436
—
2022
$7,431
2%
$39,436
—
2021
$7,282
12%
$39,436
22%
2020
$6,526
2%
$32,396
-8%
2019
$6,398
2%
$35,273
—
2018
$6,289
12%
$35,273
20%
2017
$5,597
4%
$29,375
—
2016
$5,383
—
$29,375
—
2015
$5,383
27%
$29,375
16%
2014
$4,239
-8%
$25,416
—
2013
$4,623
1%
$25,416
—
2012
$4,561
—
$25,416
—
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 1516 S Wabash Ave #1102
1516 S Wabash Avenue #1102, Chicago, IL 60605 (MLS# 12677489) is a Condo property with 2 bedrooms and 2 full bathrooms. 1516 S Wabash Avenue #1102 is currently listed for $439,000 and was received on June 13, 2026. Want to learn more about 1516 S Wabash Avenue #1102? Do you have questions about finding other Condo real estate for sale in Near South Side? You can browse all Near South Side real estate or contact a Coldwell Banker agent to request more information.

