Calling all savvy investors looking for a solid investment. Here's an opportunity to own a rental property with long term tenants. Current lease ends March 31, 2024 at $1700/mo. Potential to increase rent after lease is up and with some minor freshen up. Cash or investor loan only accepted at this time. Looking for a second home and willing to wait for lease to be up? This spacious 1-bedroom 1 bath condo in River North is perfectly situated in the middle of iconic buildings, entertainment, shops and world renowned restaurants. The unit features a large living/dining area with floor-to-ceiling windows that offer stunning skyline views. Kitchen was remodeled about 10 years ago with stainless steel appliances and maple cabinets. Generous size bedroom has a walk-in closet. The building offers a variety of amenities, including a 24-hour doorman, fitness center, indoor pool, and sundeck. Currently at 36% rental ratio and no restrictions except for a minimum 1 year lease requirement. Sorry, dogs are not allowed. Great value! Make an offer now before it goes under contract. Interior photos will be available soon.
Closed
$221,470
405 N Wabash Ave Unit 2102, Chicago, IL 60611
1beds
888sqft
Condominium, Single Family Residence
Built in 1976
-- sqft lot
$273,200 Zestimate®
$249/sqft
$2,696 Estimated rent
Home value
$273,200
$251,000 - $298,000
$2,696/mo
Zestimate® history
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$2,332/mo
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$2,332/mo
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Indoor poolFloor-to-ceiling windowsMaple cabinetsWalk-in closetGenerous size bedroomFitness centerIconic buildings
Zillow last checked:
Listing updated:
Listed by:
Stephany Oliveros 217-960-8605,
Real Broker LLC,
Emily Yamamoto,
Real Broker LLC
Bought with:
Sikandar Kazi
Baird & Warner
Source: MRED as distributed by MLS GRID,MLS#: 11894150
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: No additional rooms
Primary bedroom
- Level: Main
- Area: 252 Square Feet
- Dimensions: 18X14
Kitchen
- Features: Kitchen (Island)
- Level: Main
- Area: 90 Square Feet
- Dimensions: 10X09
Living room
- Level: Main
- Area: 350 Square Feet
- Dimensions: 25X14
Heating
- Natural Gas, Steam
Cooling
- Central Air
Appliances
- Included: Range, Microwave, Dishwasher, Refrigerator
Features
- Basement: None
Interior area
- Total structure area: 0
- Total interior livable area: 888 sqft
Property
Parking
- Total spaces: 1
- Parking features: On Site, Attached, Garage
- Attached garage spaces: 1
Accessibility
- Accessibility features: Two or More Access Exits, Swing In Door(s), Lowered Light Switches, No Interior Steps, Disability Access
Details
- Parcel number: 17101320371296
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Single Family Residence
Materials
- Glass, Concrete
- Foundation: Concrete Perimeter
- Roof: Other
Condition
- New construction: No
- Year built: 1976
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Subdivision: River Plaza
HOA
- Has HOA: Yes
- Amenities included: Bike Room/Bike Trails, Door Person, Coin Laundry, Commissary, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Party Room, Sundeck, Indoor Pool, Receiving Room, Restaurant, Sauna, Valet/Cleaner, Spa/Hot Tub, Business Center
- Services included: Heat, Air Conditioning, Water, Insurance, Doorman, Cable TV, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal
- HOA fee: $680 monthly
Location
- Region: Chicago
Financial & listing details
- Price per square foot: $249/sqft
- Tax assessed value: $280,800
- Annual tax amount: $4,669
- Date on market: 10/3/2023
- Listing terms: Cash
- Ownership: Condo
Price history
| Date | Event | Price |
|---|---|---|
| 10/20/2023 | Sold | $221,470-1.6%$249/sqft |
Source:  MRED as distributed by MLS GRID #11894150 Report a problem | ||
| 10/15/2023 | Contingent | $225,000$253/sqft |
Source: MRED as distributed by MLS GRID #11894150 Report a problem | ||
| 10/3/2023 | Listed for sale | $225,000-2.8%$253/sqft |
Source: MRED as distributed by MLS GRID #11894150 Report a problem | ||
| 4/26/2016 | Listing removed | $1,800-2.7%$2/sqft |
Source: Baird & Warner #09118934 Report a problem | ||
| 3/19/2016 | Price change | $1,850-6.3%$2/sqft |
Source: Baird & Warner #09118934 Report a problem | ||
| 1/19/2016 | Listed for rent | $1,975$2/sqft |
Source: Baird & Warner #09118934 Report a problem | ||
| 12/6/2012 | Listing removed | $231,500$261/sqft |
Source: Baird & Warner Real Estate #08075215 Report a problem | ||
| 9/25/2012 | Price change | $231,500-1.8%$261/sqft |
Source: Baird & Warner Real Estate #08075215 Report a problem | ||
| 8/2/2012 | Listed for sale | $235,700+3.6%$265/sqft |
Source: Baird & Warner Real Estate #08075215 Report a problem | ||
| 6/15/2012 | Listing removed | $227,500$256/sqft |
Source: Baird & Warner Real Estate #08075215 Report a problem | ||
| 5/26/2012 | Listed for sale | $227,500+600%$256/sqft |
Source: Baird & Warner Real Estate #08075215 Report a problem | ||
| 7/2/2001 | Sold | $32,500-66.3%$37/sqft |
Source: Public Record Report a problem | ||
| 9/7/1994 | Sold | $96,500$109/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $28,080 +5.8% |
| 2023 | $4,902 +3% | $26,550 |
| 2022 | $4,757 +1.9% | $26,550 |
| 2021 | $4,669 +4.1% | $26,550 +14.3% |
| 2020 | $4,484 +2.4% | $23,232 -7.9% |
| 2019 | $4,378 +1.7% | $25,222 |
| 2018 | $4,304 +2.2% | $25,222 +10% |
| 2017 | $4,210 +2.9% | $22,934 |
| 2016 | $4,093 +10% | $22,934 |
| 2015 | $3,722 +18.6% | $22,934 +17.7% |
| 2014 | $3,137 +2.4% | $19,477 |
| 2013 | $3,064 +0.6% | $19,477 |
| 2012 | $3,047 +1.8% | $19,477 -4.9% |
| 2011 | $2,993 +9.6% | $20,487 |
| 2010 | $2,732 -5.1% | $20,487 -16% |
| 2009 | $2,878 +23.5% | $24,389 +15.9% |
| 2008 | $2,330 +3.2% | $21,040 |
| 2007 | $2,258 +0.8% | $21,040 |
| 2006 | $2,241 -5.1% | $21,040 +10.1% |
| 2005 | $2,362 +1.9% | $19,110 |
| 2004 | $2,318 +4.5% | $19,110 |
| 2003 | $2,219 -5.4% | $19,110 +28.4% |
| 2002 | $2,346 +5.4% | $14,881 |
| 2001 | $2,226 +17.8% | $14,881 |
| 2000 | $1,889 0% | $14,881 +25.7% |
| 1999 | $1,890 | $11,835 |
Find assessor info on the county website
Neighborhood: River North
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Nearby schools
GreatSchools rating
- 4/10Ogden Elementary SchoolGrades: PK-8Distance: 0.7 mi
- 1/10Wells Community Academy High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$273,200
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Estimated market value
$273,200
- Illinois
- Cook County
- Chicago
- 60611
- River North
- 405 N Wabash Ave Unit 2102
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