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About the Listing 85102 - 871114,1018234
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.
Listing Highlights
Interior Details
- Bedrooms: 2
- Bathrooms: 2 Full
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Range Hood
- Air Cond: Central Air
- Heating: Natural Gas,Forced Air
- Fireplaces: 0
- Floor: Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Storage,Built-in Features,Walk-In Closet(s),Open Floorplan,Cats OK,Dogs OK
- Water: Lake Michigan
Exterior Details
- Lot Description: Common Grounds
- Garage Capacity: 1 car
- Parking Spaces: 1
- Lot Dimensions: COMMON
- Roof: Rubber
- Others: Balcony
- Sewer: Public Sewer
- Parking Features: Concrete,Heated Garage,Yes,Garage Owned,Attached,Garage
Financial Details
- Tax Amount: $7,110
- Taxes w/Assessments: N/A
- Tax/Property ID: 17221060741056
- Tax Year: 2024
Payment Calculator
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Questions About..
1516 S Wabash Ave Unit 1102 Chicago, IL 60605
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