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1516 S Wabash Ave Unit 306, Chicago, IL, 60605

$370,000

Home List Price

$4,394*

Closing Credit

2 Bedrooms
1 Full Bath
Condo

Location

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1516 S Wabash Ave Unit 306, Chicago$370,000

Buyer Closing Credits

$4,394*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Attached Garage1 space
Year Built1920
HeatingNatural Gas, Forced Air
CoolingCentral Air
FireplaceGas Log, Gas Starter
MLS #12208676
StatusActive

About 1516 S Wabash Ave Unit 306

Discover the perfect blend of urban charm and modern luxury in this beautifully remodeled 2-bedroom, 1-bath concrete loft in the heart of Chicago's historic South Loop. This spacious condo 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 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 views of the park, the city skyline, 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 indoor heated garage parking INCLUDED. 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. Don't miss your chance to live in one of Chicago's most vibrant neighborhoods!

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Stories: 11

Listing Office:

  • Office Name: PAK Home Realty
  • Office Phone: (708) 417-4983
  • Listing Agent: Cesar Sandoval

Interior Features

Interior Information:

  • Basement: No
  • Interior: Elevator, Hardwood Floors, Wood Laminate Floors, Laundry Hook-Up in Unit, Storage, Walk-In Closet(s)
  • Fireplace: Gas Log, Gas Starter

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Go East on Archer Ave, to Wabash Ave, North to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $370,000

HOA Fees:

  • Amount: $670
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

Med. Sold Price

$363.9K

Med. Price/SqFt

$260

Avg. Days On Market

33

# of Sold Homes

1620

1516 S Wabash Ave Unit 306 vs Chicago

40 DAYS ON ROCKET

+7 Days

$370,000

+$6K More

KEY TAKEAWAY

This property is $6K more than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12208676

Listing Office:

  • Office Name: PAK Home Realty
  • Office Phone: (708) 417-4983
  • Listing Agent: Cesar Sandoval

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 1:16:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-982513
4
/10
  • Cooper Elementary Academy

  • 1624 W 19th St

  • 2.16 miles

  • Public District Grades PK-5

school-card-donut-982514
5
/10
  • Univ of Chicago Charter-Donoghue

  • 707 E 37th St

  • 2.54 miles

  • Public Charter Grades PK-5

school-card-donut-982515
3
/10
  • Hope Learning Academy

  • 1628 W Washington Blvd

  • 2.64 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,534. The majority of Chicago, IL residents have income between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1516 S Wabash Ave Unit 306

What is the listing price of this property?

The listing price of 1516 S Wabash Ave Unit 306 property is $370,000.

What type of property is this?

The property 1516 S Wabash Ave Unit 306 is a condo located in Chicago, Illinois, 60605.

Is this property for sale now?

Active Listing: 1516 S Wabash Ave Unit 306 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1516 S Wabash Ave Unit 306 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The sq. ft. of 1516 S Wabash Ave Unit 306 is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 1516 S Wabash Ave Unit 306 is 1920.

Rocket Homes›Illinois›Cook County›Chicago›60605›1516 S Wabash Ave Unit 306

This home is located at 1516 S Wabash Ave Unit 306 in Chicago, IL and zip code 60605 in the Near South Side neighborhood. This home was built in 1920. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $370,000.

Over 521 listings were sold over their listed price in November 2024 in Chicago, IL. In the same period over 845 listings were sold below the listed price and 254 listings were sold for the listed price. In November 2024 in Chicago, IL there were 2.1% more homes for sale than in October 2024. The median list price of listings available in November 2024 was $363,936, while the average time on the real estate market was 33 days.

From Rocket Homes Real Estate and based on county public records data.

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