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  • $229,000

    405 N Wabash Ave Unit 2512, Chicago, IL 60611

    0beds
    550sqft
    Condominium, Apartment, Single Family Residence
    Built in 1977
    -- sqft lot
    $242,000 Zestimate®
    $416/sqft
    $2,048 Estimated rent

    Home value

    $242,000

    $225,000 - $261,000

    $2,048/mo

    Zestimate® history
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    What's special

    Iconic chicagoHot tubUpdated bathroomMag mileRiver plazaNewer lifetime fitness equipmentCounter area
    ***GREAT INVESTMENT OPPORTUNITY WITH A LONG-TERM TENANT & Long term Lease, good rent until March 2026 *** Rare opportunity to purchase an East Facing Jr. 1 Bedroom with views of the Iconic Wrigley Building and Chicago River. This sun drenched unit is located in the very popular River North neighborhood. As you walk into the unit you will notice the open layout ready to enjoy and entertain. The kitchen has an open layout that has great storage and seating/counter area for all to gather. The living room windows extend out to provide southern views of the river and iconic Chicago. The bedroom/sleeping area is separated with Double Sliding Doors for privacy and flexibility. Great flexibility to open living room & Bedroom for a vast open space. Updated bathroom with ample storage and counter space. This unit also offers TONS of closet space. *** THIS IS A GREAT INVESTMENT OPPORTUNITY. LONG TERM TENANT OF OVER 10 YEARS. Just signed an extension until MARCH 2026, so no Vacancy or prep expenses for 2 years. Tenant always renews for 2 years and would like to stay long term. Assessments include heat, air, water, cable & hi-speed internet. Amenities included and offered by the building - 24-hour door staff, on-site management & 24-hour maintenance, 24-hour 3000+sqft plus fitness center with newer Lifetime Fitness equipment, a 20-meter 4 lap heated indoor pool open yearlong, hot tub, sun deck, hospitality room, package room and on-site laundry with smart app. Wi-Fi in all common areas. Owner Occupancy is over 60% and reserves are just over $3 million. There is no rental cap, min 1 year lease per association rules. River Plaza is located in the mix of everything. You are walking distances away from the Chicago River, Mag Mile, Downtown, Great Dining, Night life and so much more.

    Zillow last checked:

    Listing updated:

    Listed by:

    Haroon Khan 312-545-2266,

    Streeterville Realty, LLC,

    Anthony Garcia,

    Streeterville Realty, LLC

    Bought with:

    Kevin Chueh

    Century 21 Realty Associates

    Source: MRED as distributed by MLS GRID,MLS#: 12000187MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 0
    • Bathrooms: 1
    • Full bathrooms: 1
    Rooms
    • Room types: No additional rooms
    Dining room
    • Level: Main
    • Dimensions: COMBO
    Kitchen
    • Features: Kitchen (Eating Area-Breakfast Bar, Custom Cabinetry, Granite Counters, Updated Kitchen), Flooring (Stone)
    • Level: Main
    • Area: 60 Square Feet
    • Dimensions: 6X10
    Living room
    • Features: Flooring (Hardwood), Window Treatments (Window Treatments)
    • Level: Main
    • Area: 312 Square Feet
    • Dimensions: 24X13
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Range, Microwave, Dishwasher, Refrigerator
    • Laundry: Common Area
    Features
    • Basement: None
    Interior area
    • Total structure area: 0
    • Total interior livable area: 550 sqft

    Property

    Parking
    • Parking features: Circular Driveway, On Site, Deeded, Attached, Garage
    • Has attached garage: Yes
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: No Disability Access
    Details
    • Parcel number: 17101320371693
    • Special conditions: None
    • Other equipment: TV-Cable

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium, Apartment, Single Family Residence
    Materials
    • Concrete
    Condition
    • New construction: No
    • Year built: 1977
    • Major remodel year: 2016

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & HOA

    HOA
    • Has HOA: Yes
    • Amenities included: Bike Room/Bike Trails, Door Person, Coin Laundry, Elevator(s), Exercise Room, Health Club, On Site Manager/Engineer, Party Room, Sundeck, Indoor Pool, Receiving Room, Restaurant, Valet/Cleaner, Spa/Hot Tub, Business Center, High Speed Conn.
    • Services included: Heat, Air Conditioning, Water, Insurance, Security, Doorman, Cable TV, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal, Internet
    • HOA fee: $493 monthly
    Location
    • Region: Chicago

    Financial & listing details

    • Price per square foot: $416/sqft
    • Tax assessed value: $178,370
    • Annual tax amount: $3,488
    • Date on market: 3/20/2024
    • Listing terms: Cash
    • Ownership: Condo

    Price history

    DateEventPrice
    4/15/2024Sold$229,000-0.4%$416/sqft
    Source: MRED as distributed by MLS GRID #12000187 Report a problem
    3/23/2024Contingent$229,900$418/sqft
    Source: MRED as distributed by MLS GRID #12000187 Report a problem
    3/20/2024Listed for sale$229,900$418/sqft
    Source: MRED as distributed by MLS GRID #12000187 Report a problem
    3/12/2024Listing removed--
    Source: MRED as distributed by MLS GRID #12000187 Report a problem
    3/9/2024Listed for sale$229,900$418/sqft
    Source: MRED as distributed by MLS GRID #12000187 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,378 -5.6%$17,837 +5.2%
    2023$3,579 +2.6%$16,962
    2022$3,489 +2.3%$16,962
    2021$3,411 +3.8%$16,962 +14.9%
    2020$3,288 +2.1%$14,758 -7.9%
    2019$3,219 +1.7%$16,022
    2018$3,165 -8.7%$16,022 -0.5%
    2017$3,465 +7.5%$16,097
    2016$3,224 +9.3%$16,097
    2015$2,950 $16,097
    Find assessor info on the county website

    Neighborhood: River North

    Nearby schools

    GreatSchools rating
    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
    $242,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $242,000