1516 S Wabash Ave #1102, Chicago, IL 60605
What's special
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.
- 87 days |
- 630 |
- 30 |
Travel times
Renovated Kitchen
Living Room
Primary Bedroom
Primary Bathroom
Secondary Bedroom
Foyer
Balcony
Zillow last checked:
Listing updated:
Cecil Sabu 312-772-2820,
ALLURE Real Estate,
Olivia Nivison 615-887-3528,
ALLURE Real Estate
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Balcony/Porch/Lanai, Foyer, Walk In Closet
Primary bedroom
- Features: Flooring (Hardwood), Bathroom (Full)
- Level: Main
- Area: 180 Square Feet
- Dimensions: 12X15
Bedroom 2
- Features: Flooring (Hardwood)
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Balcony porch lanai
- Features: Flooring (Other)
- Level: Main
- Area: 60 Square Feet
- Dimensions: 06X10
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Foyer
- Features: Flooring (Hardwood)
- Level: Main
- Area: 48 Square Feet
- Dimensions: 04X12
Kitchen
- Features: Kitchen (Eating Area-Table Space), Flooring (Hardwood)
- Level: Main
- Area: 168 Square Feet
- Dimensions: 12X14
Living room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 480 Square Feet
- Dimensions: 20X24
Walk in closet
- Features: Flooring (Hardwood)
- Level: Main
- Area: 42 Square Feet
- Dimensions: 6X7
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Range Hood
- Laundry: Washer Hookup, In Unit
Features
- Storage, Built-in Features, Walk-In Closet(s), Open Floorplan
- Flooring: Hardwood
- Windows: Drapes
- Basement: None
- Common walls with other units/homes: End Unit
Interior area
- Total structure area: 0
- Total interior livable area: 1,500 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Concrete, Heated Garage, Yes, Garage Owned, Attached, Garage
- Attached garage spaces: 1
Accessibility
- Accessibility features: Two or More Access Exits, Disability Access
Features
- Exterior features: Balcony
Lot
- Features: Common Grounds
Details
- Parcel number: 17221060741056
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Apartment, Single Family Residence
Materials
- Brick, Stone, Limestone
- Foundation: Concrete Perimeter
- Roof: Rubber
Condition
- New construction: No
- Year built: 1920
- Major remodel year: 2014
Details
- Builder model: LOFT
Utilities & green energy
- Electric: Circuit Breakers, 200+ Amp Service
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Subdivision: Landmark Lofts
HOA
- Has HOA: Yes
- Amenities included: Bike Room/Bike Trails, Elevator in Residence, Exercise Room, Storage, Receiving Room, Security Door Lock(s)
- Services included: Water, Parking, Insurance, Cable TV, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal
- HOA fee: $871 monthly
Location
- Region: Chicago
Financial & listing details
- Price per square foot: $293/sqft
- Tax assessed value: $385,530
- Annual tax amount: $7,109
- Date on market: 6/14/2026
- Ownership: Condo
Price history
| Date | Event | Price |
|---|---|---|
| 4/24/2026 | Listing removed | $4,100$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/15/2026 | Listing removed | $455,000$303/sqft |
Source:  MRED as distributed by MLS GRID #12576719 Report a problem | ||
| 3/28/2026 | Listed for rent | $4,100$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/24/2026 | Listed for sale | $455,000$303/sqft |
Source: MRED as distributed by MLS GRID #12576719 Report a problem | ||
| 3/9/2026 | Contingent | $455,000$303/sqft |
Source: MRED as distributed by MLS GRID #12576719 Report a problem | ||
| 3/6/2026 | Listed for sale | $455,000+8.3%$303/sqft |
Source: MRED as distributed by MLS GRID #12576719 Report a problem | ||
| 2/27/2025 | Sold | $420,000-1.2%$280/sqft |
Source: MRED as distributed by MLS GRID #12269840 Report a problem | ||
| 1/20/2025 | Contingent | $425,000$283/sqft |
Source: MRED as distributed by MLS GRID #12269840 Report a problem | ||
| 1/18/2025 | Listed for sale | $425,000+25%$283/sqft |
Source: MRED as distributed by MLS GRID #12269840 Report a problem | ||
| 2/6/2014 | Sold | $340,000-5.6%$227/sqft |
Source: MRED as distributed by MLS GRID #08484214 Report a problem | ||
| 11/9/2013 | Listed for sale | $360,000+20.4%$240/sqft |
Source: @properties #08484214 Report a problem | ||
| 9/18/2011 | Listing removed | $299,000$199/sqft |
Source: Coldwell Banker Residential Brokerage - Gold Coast #07715631 Report a problem | ||
| 6/18/2011 | Price change | $299,000-8%$199/sqft |
Source: Coldwell Banker Residential Brokerage - Gold Coast #07715631 Report a problem | ||
| 5/24/2011 | Price change | $324,900-5.8%$217/sqft |
Source: Coldwell Banker Residential Brokerage - Gold Coast #07715631 Report a problem | ||
| 3/18/2011 | Price change | $344,900-2.8%$230/sqft |
Source: Coldwell Banker Residential Brokerage - Gold Coast #07715631 Report a problem | ||
| 1/24/2011 | Listed for sale | $354,900-16.5%$237/sqft |
Source: NRT Chicago #07715631 Report a problem | ||
| 9/19/2009 | Listing removed | $425,000$283/sqft |
Source: Shawn Preuss #07296147 Report a problem | ||
| 9/1/2009 | Price change | $425,000+21203.3%$283/sqft |
Source: Shawn Preuss #07296147 Report a problem | ||
| 8/23/2009 | Price change | $1,995-99.5%$1/sqft |
Source: Shawn Preuss #07296147 Report a problem | ||
| 8/15/2009 | Price change | $425,000+1.7%$283/sqft |
Source: Shawn Preuss #07296147 Report a problem | ||
| 8/13/2009 | Listed for sale | -- |
Source: Shawn Preuss #07296147 Report a problem | ||
| 9/29/2006 | Sold | $418,000$279/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,110 -7% | $38,553 -2.2% |
| 2023 | $7,646 +2.9% | $39,436 |
| 2022 | $7,431 +2% | $39,436 |
| 2021 | $7,282 +11.6% | $39,436 +21.7% |
| 2020 | $6,526 +2% | $32,396 -8.2% |
| 2019 | $6,398 +1.7% | $35,273 |
| 2018 | $6,289 +12.4% | $35,273 +20.1% |
| 2017 | $5,597 +4% | $29,375 |
| 2016 | $5,383 +0% | $29,375 |
| 2015 | $5,383 +27% | $29,375 +15.6% |
| 2014 | $4,239 -8.3% | $25,416 |
| 2013 | $4,623 +1.4% | $25,416 |
| 2012 | $4,561 -12.4% | $25,416 -20.9% |
| 2011 | $5,209 -0.4% | $32,144 |
| 2010 | $5,231 +4.4% | $32,144 |
| 2009 | $5,012 +9.2% | $32,144 +0.4% |
| 2008 | $4,591 +1% | $32,007 |
| 2007 | $4,546 -1.1% | $32,007 |
| 2006 | $4,595 +296.5% | $32,007 +351.4% |
| 2005 | $1,159 +1% | $7,091 |
| 2004 | $1,147 +2.2% | $7,091 |
| 2003 | $1,122 +15.1% | $7,091 -67.9% |
| 2001 | $975 | $22,105 +292.8% |
| 2000 | -- | $5,628 |
Find assessor info on the county website
Monthly payment
Estimated market value
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Estimated sales range
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Climate risks
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