1516 S WABASH Ave 1102, Chicago, IL 60605

Beds
2
Baths
2
Sqft
1,500
Garage
Yes

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Listed byALLURE Real Estate
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Overview

Wake up to spectacular sunrises over Lake Michigan and Soldier Field from this rarely available northeast corner penthouse at Landmark Lofts. Perched on the top floor with no neighbors above, this beautifully updated 2-bedroom, 2-bath home offers the perfect blend of authentic loft character, modern finishes, and unmatched privacy. Floor-to-ceiling windows wrap the living space, flooding the home with natural light and showcasing sweeping panoramic views of Lake Michigan, Soldier Field, Museum Campus, and the iconic Chicago skyline. Whether enjoying your morning coffee as the sun rises over the lake or entertaining against the backdrop of the city lights, the views are simply unforgettable. The thoughtfully remodeled kitchen is designed for both everyday living and entertaining, featuring white shaker cabinetry, quartz countertops, a large center island, light blue glass tile backsplash, sleek range hood, separate microwave, and new Frigidaire Gallery appliances. Soaring 12-foot concrete ceilings and wide-plank dark mahogany hardwood floors create a dramatic yet inviting atmosphere throughout. The spacious primary suite offers a custom walk-in closet and private en-suite bath, while the generously sized second bedroom easily accommodates guests, a home office, or both. Step outside to your private balcony-the perfect place to grill, relax, and enjoy breathtaking eastern skyline and lake views. Additional highlights include a NEW HVAC system (2026), brand-new full-size in-unit washer and dryer, one heated garage parking space, and a separate storage locker. Investor-friendly building with no rental cap, making this an exceptional opportunity for both owner-occupants and investors. Based on current market rents, the property has the potential to generate over a 5.5% capitalization rate, offering an attractive combination of lifestyle and investment performance. Located in the heart of the South Loop, Landmark Lofts is moments from Soldier Field, Museum Campus, Grant Park, Millennium Park, 12th Street Beach, Burnham Harbor, the lakefront trail, premier dining, shopping, CTA transportation, and convenient access to Lake Shore Drive, I-90/94, I-290, and I-55. Rarely does a top-floor corner loft with this combination of views, privacy, character, location, and investment potential become available. Deeded heated garage parking available for an additional $25,000.

Location

Full feature list

Basic info

Property type
Other residential
Number of bedrooms
2
Number of bathrooms
2
Square feet
1,500
Year built
1920

Interior features

Laundry
In Unit Washer/Dryer, Washer Hookup, In Unit

Exterior features

Water view
Yes

Garage and parking

Garage parking spaces
1

Utilities

Heating
Forced Air, Natural Gas
Cooling
Central Air
Sewer
Public Sewer
Water
Other

Estimated monthly costs

HOA Fees
$871

Taxes

Tax Annual Amount (2024)
$7,109.76

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Midwest Real Estate Data (MRED) MLS®#: 12677489 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.