1516 S Wabash Ave. #1102

in Landmark Lofts
$439,000 Active · 46 days on market
2
beds
2
baths
1,500
sq ft
$293
per sq ft

About this unit

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.

Amenities

Shared amenities included with the building.

  • Fitness Center

Property details

The facts that decide a tour — straight from MRED.

Monthly costs
HOA$871 / mo
HOA includesWater, Parking, Insurance, TV/Cable, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal
Annual tax$7,109 (2024)
Rules & parking
ParkingConcrete, Heated Garage, Yes, Garage Owned, Attached, Garage
PetsCats OK, Dogs OK

What it costs each month

Live estimate. Tax based on Cook County 2024 effective rate. HOA pulled from the listing.

$439,000
$
20%$87,800
6.85%
30 years
Principal & interest$2,301 / mo
HOA$871 / mo
Property tax (est.)$592 / mo
All-in monthly$3,764

Estimate. Real rate depends on your lender, credit, and reserves. We'll connect you to a Chicago-based broker once you tour.

Listing history

The MLS trail for this unit — list events and price changes only.

Jul 14, 2026 Price reduced· from $450,000 $439,000current
Jun 13, 2026 Listed for sale $450,000

About Landmark Lofts

A look at the building this unit is in.

Landmark Lofts— Landmark Lofts

South Loop condo · 11 floors · built 1920
1 for sale · 1 for rent
For sale from $439K · rent from $3,275/mo
View the building

Where it is

FAQ

Where do these listings come from?

Straight from the Midwest Real Estate Data (MRED) MLS, refreshed regularly — the same listings your buyer's agent sees, no curated subset.

Can I work with Dibze to buy?

Yes. A licensed Chicago buyer's agent lines up tours, writes offers, and handles the close. The seller pays the commission, so it's free to you — and we rebate part of it back at closing.

Can I rent in this building?

If owners are leasing units, the For Rent tab shows them. These are individual condo owners listing through the MLS, so lease terms and pet rules vary by unit.

How is this different from Redfin or Zillow?

Same MLS feed, different model — we don't sell your contact info or turn every click into a lead. One Dibze condo expert handles your whole search and represents you, not the seller.

Recently sold in this building

Last 12 months of closed sales at Landmark Lofts — straight from MRED. For pricing context, not for tour.

Listed by Cecil Sabu · ALLURE Real Estate · MLS #MRD12677489 · MRED
Mino Conenna
Mino Conenna
Licensed IL broker · Chicago condo specialist
Online now · replies in minutes

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