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$347,000
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Property Description
Discover the perfect concrete LOFT, a beautifully remodeled 2-bedroom, 1-bath concrete loft in the heart of Chicago's historic South Loop. This spacious CORNER UNIT offers the ideal loft aesthetic with exposed brick, soaring ceilings, and massive oversized windows that flood the space with natural light and provide breathtaking skyline and green views. The open EXTRA-WIDE floor plan features a sleek, updated kitchen with stainless steel appliances, quartz countertops, and ample cabinet space, seamlessly flowing into the expansive living room. Step out onto your private balcony and take in the serene green views of the park, a true Chicago view with a glimpse of the Willis Tower, the L , and the iconic Soldier Field - perfect for morning coffee or evening relaxation. Both bedrooms are generously sized, easily accommodating king-size beds. The primary bedroom boasts true Chicago city views, a spacious his-and-hers closet with custom built-in shelving, while the second bedroom includes a walk-in closet for added convenience. The newly remodeled bathroom and newer floors throughout make this loft move-in ready. Additional features include an in-unit washer and dryer, newer mechanicals, and convenient indoor HEATED GARAGE PARKING for an additional $25,000. This well-maintained building is managed with healthy reserves, ensuring peace of mind for future homeowners. Located on a quiet, tree-lined street, this prime South Loop location is just steps away from a local park, historic Soldier Field, Grant Park, the Museum Campus, Lake Michigan, and the Orange Line, making it an exceptional place to call home. Workout room available as well as additional storage. Elevator modernization, exterior brick improvements, balcony enhancements, and roof upgrades were all completed in 2021. Don't miss your chance to live in one of Chicago's most vibrant neighborhoods!
Full Property Details
Full Property Details for 1516 S Wabash Ave #306
General
- Sold For: $347,000
- HOA FEE: $701/month
- Taxes: $6,992 (2023)
- Status: Closed
- Type: Condo
- Source: MRED
- MLS ID: 12422964
- Added to Site: 223 day(s) ago
Interior
- Interior Features: Elevator, Storage, Walk-In Closet(s)
- Fireplace: Yes
- Fireplace(s): Living Room, Gas Log, Gas Starter
- Flooring: Hardwood, Laminate
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Bathroom Features: Accessible Shower
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Bike Room/Bike Trails, Elevator(s), Exercise Room, Storage, On-Site Manager/Engineer, Park, Security Door Lock(s), Service Elevator(s), Ceiling Fan, Intercom
- Equipment: Cable TV, Security System, Intercom
- Other Features: School Bus Service, Commuter Bus, Commuter Train, Non-Smoking Building
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: On Site, Attached, Garage
- Parking On-Site: Yes
Location
- Area: CHI - Near South Side
- County: Cook
- Driving Directions: Go East on Archer Ave, to Wabash Ave, North to property.
School Information
- School District: 299
- Midd School District: 299
Community
- Assoc. Fees Include: Water, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet
- Pets Allowed: Yes
- Pet Restrictions: Cats OK, Dogs OK, Number Limit, / 999lbs.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Public
Structural Information
- Structure Type: Condo, Condo/Loft
- Construction: Brick, Concrete
- Exterior Const.: Brick, Concrete
- Basement Desc.: None
- Sub-Flooring: Hardwood, Laminate
- Entry Floor Number: 3
- Stories/Levels: 11
- Sq. Ft. Source: Not Reported
- Year Built: 1920
- Built Before 1978: Yes
- Remodeled/Updated: 2021
Unit Information
- Units in Building: 76
Lot Features
- Lot Dimensions: 75 x 150
Financial Considerations
- Association Fee: $701
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Assessment Year: 1920
- Tax Amount: $6,992.1
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 17221060741032
Listed by PAK Home Realty
Sold by Vesta Preferred LLC
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Schools
Schools serving 1516 S Wabash Ave #306
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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1516 S Wabash Ave #306
Date
Details
Price
Change
Source
9/16/2025
Sold
$347,000
3.58%
MLS
7/17/2025
Listed
$335,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1516 S Wabash Avenue #306, Chicago, IL 60605 (MLS# 12422964) is a Condo property that was sold at $347,000 on September 16, 2025. Want to learn more about 1516 S Wabash Avenue #306? 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.

