$271,384 - $357,000
RENTED JUN 28, 2025

1516 S Wabash Ave Unit 208 Chicago, IL 60605

South Loop Neighborhood
2 Beds
1 Bath
1,100 Sq Ft
1924 Built

Last Sold April 01, 2019

Last sale price $218,000 $198 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,074/month

Highlights

  • Fitness Center
  • Wood Flooring
  • Living Room
  • Lock-and-Leave Community
  • Elevator
  • 1-minute walk to Coliseum Park

About This Home

As of June 2025

Welcome to your urban oasis in the heart of Chicago! This stunning condo at 1516 S Wabash Ave offers the perfect blend of modern living and convenience. Boasting 1100 square feet, this spacious residence features two well-appointed bedrooms and a stylish bathroom, making it an ideal space for comfortable city living. As you enter, you'll immediately notice the open and airy layout, accentuated by the central air conditioning ensuring year-round comfort. The modern kitchen flows seamlessly into the living area, creating an inviting space for both relaxation and entertainment. Safety and convenience are paramount, with a comprehensive security system, video security, and a voice intercom ensuring peace of mind. Parking is never a concern with garage and on-site parking facilities available, additional $150. Residents of this building enjoy a range of exceptional amenities, including a state-of-the-art gym to keep you active and fit. Additional perks include a bike room and common storage, providing ample space for all your belongings. This condo is easily accessible via elevator, adding to the convenience of urban living. Whether you're a professional seeking a stylish home or someone who loves the vibrant energy of city life, this property offers the perfect base to experience all that Chicago has to offer. Don't miss out on the opportunity to own this exceptional condo in a prime location. Schedule your viewing today and step into a lifestyle of comfort and convenience!

Last Agent to Rent the Property

Ksenia Wurl

Compass License #475162421 Listed on: 05/09/2025

Compass

Co-Listed By

Douglas Wurl

Compass License #475214870

Last Renter's Agent

Joshua Berngard

Fulton Grace Realty License #471011306

Fulton Grace Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,406

Year Built | Renovated

  • 1924 | 2003

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,100 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Assigned Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Security Deposit $2,250
  • Property Available on 5/9/25
  • Rent includes water, scavenger, lawn care, snow removal

Community Details

Overview

  • 76 Units
  • Mid-Rise Condominium
  • Lock-and-Leave Community
  • 11-Story Property

Amenities

  • Elevator
  • Service Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Park
  • Bike Trail

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,406

Year Built | Renovated

1924 | 2003

Lot Details

0

Rental Info

  • Available Date: 2025-05-09
  • Board Number: 8
  • Pets Allowed (Y/N): No
  • Rental Price: 2250
  • Security Deposit: 2250
  • Is Parking Included in Price: No

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo-Loft,Mid Rise (4-6 Stories)
  • EntryLevel: 2
  • Property Attached: Yes
  • Property Sub-Type: Condo-Loft,Mid Rise (4-6 Stories)
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): Yes
  • Rehab Year: 2003
  • New Construction Y/N: No
  • Rebuilt Year: 2003
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 11
  • Year Built: 1924
  • Year Renovated: 2003

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Microwave
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Furnished: No
  • LivingArea: 1100
  • Room Type: No additional rooms
  • Stories Total: 11
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Brick
  • List Price: 2250
  • Waterfront: No

Garage/Parking

  • Parking Features: Assigned, On Site, Owned
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Amenities: Bike Room/Bike Trails, Elevator(s), Exercise Room, Storage, Park, Security Door Lock(s), Service Elevator(s)
  • Rent Includes: Water, Scavenger, Lawn Care, Snow Removal
  • Management: Manager Off-site,Monday through Friday

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 1100

Multi Family

  • Units in Building: 76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2020
Sold by
Mughal Zahida
Bought by
Mughal Zahida and Zahida Mughal Revocable Trust
Current Estimated Value
$309,096

Purchase Details

Listed on
Feb 25, 2019
Closed on
Mar 25, 2019
Sold by
Lachman Kimberly and Lachman Dale
Bought by
Mughal Zahida
Seller's Agent
William Salamone
Compass
Buyer's Agent
Ana Konrath
ALTOGETHER REALTY
List Price
$225,000
Sold Price
$218,000
Premium/Discount to List
-$7,000
-3.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.65%

Purchase Details

Closed on
Aug 28, 2008
Sold by
Chomas Mary K
Bought by
Lachman Kimberly L and Boeving Ronald S

Purchase Details

Closed on
Aug 26, 1999
Sold by
Honeycutt James C
Bought by
Chomas Mary K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,650
Interest Rate
7.9%

Purchase Details

Closed on
Feb 5, 1999
Sold by
1516 Wabash Associates Inc
Bought by
Honeycutt James C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
6.88%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mughal Zahida -- None Available
Mughal Zahida $218,000 Chicago Title
Lachman Kimberly L $254,500 None Available
Chomas Mary K $145,000 --
Honeycutt James C $106,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chomas Mary K $142,000
Previous Owner Chomas Mary K $142,000
Previous Owner Chomas Mary K $137,650
Previous Owner Honeycutt James C $93,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2025 06/28/25 Rented $2,400 +6.7% --
06/23/2025 06/23/25 Under Contract -- -- --
06/21/2025 06/21/25 Off Market $2,250 -- --
05/26/2025 05/26/25 Price Changed $2,250 -6.3% $2 / Sq Ft
05/09/2025 05/09/25 For Rent $2,400 +17.1% --
08/05/2022 08/05/22 Rented $2,050 0.0% --
07/28/2022 07/28/22 For Rent $2,050 0.0% --
07/22/2022 07/22/22 Under Contract -- -- --
07/20/2022 07/20/22 Off Market $2,050 -- --
07/11/2022 07/11/22 For Rent $2,050 0.0% --
04/01/2019 04/01/19 Sold $218,000 -3.1% $198 / Sq Ft
03/05/2019 03/05/19 Pending -- -- --
02/25/2019 02/25/19 For Sale $225,000 -- $205 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,406 $20,349 $2,561 $17,788
2023 $4,294 $20,816 $2,061 $18,755
2022 $4,294 $20,816 $2,061 $18,755
2021 $4,198 $20,814 $2,060 $18,754
2020 $3,809 $17,098 $1,692 $15,406
2019 $3,740 $18,617 $1,692 $16,925
2018 $3,677 $18,617 $1,692 $16,925
2017 $3,338 $15,505 $1,398 $14,107
2016 $3,106 $15,505 $1,398 $14,107
2015 $2,841 $15,505 $1,398 $14,107
2014 $2,489 $13,415 $1,251 $12,164
2013 $2,440 $13,415 $1,251 $12,164
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12361525

Midwest Real Estate Data (MRED)

APN: 17-22-106-074-1043