$218,000
SOLD APR 1, 2019 RENTED JUN 28, 2025

1516 S Wabash Ave Unit 208 Chicago, IL 60605

South Loop Neighborhood
2 Beds
1 Bath
1,100 Sq Ft
$378/mo HOA Fee

Recently Sold

$198 Per Sq Ft

3% Below List Price

8 Days on Market

Highlights

  • Wood Flooring
  • Storage
  • Southern Exposure
  • South Loop Elementary School Rated 9+
  • Central Air
  • 1-minute walk to Coliseum Park

About This Home

As of April 2019

Parking included (#7)!Simply the Best Deal in Prime South Loop Location! 1100 sq ft in ground zero south loop location for in-town, rental/investment. Not for everyone: El runs above alley outside windows. Unit has no/little view(glass block windows) - please look at photos before showing. Good value for the money! Perfect for a in-town/overnight, student living, home office, downtown part time living and long term investment. Parking space alone generates $175 a month. Unit is rented month to month for $1700 with long term tenant who wants to stay . City Living-This loft is a 2 bedroom/1 bath with 13 ft ceilings. Hardwood floors, track lights, fireplace. 42" cabinets, glass block windows. In unit washer/dryer.Walk to shopping, restaurants, lake, museum and transportation. Furnace 7 yrs new. Bike room, storage and exercise facility. Building is about 70% Own Occ.

Last Agent to Sell the Property

William Salamone

Compass License #475117602 Listed on: 02/25/2019

Compass

Last Buyer's Agent

Ana Konrath

ALTOGETHER REALTY License #475165447

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,406

Lot Details

  • Southern Exposure
  • East or West Exposure

HOA Fees

  • $378 per month

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Gas Log Fireplace
  • Storage
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Parking Available
  • Parking Included in Price

Utilities

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

Community Details

Pet Policy

  • Pets Allowed

Security

  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,406

Lot Details

0

HOA Fees

$378 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Unit Floor Level: 2
  • Age: Unknown
  • Full Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Rebuilt(yn): Yes
  • Rebuilt Year: 2003
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: U
  • Type Attached: Condo-Loft, Mid Rise (4-6 Stories)
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 11

Interior Features

  • Interior Property Features: Elevator, Hardwood Floors, Storage
  • Number Of Rooms: 5
  • Living Room: Dimensions: 25X14, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Equipment: TV-Cable, Security System, CO Detectors, Ceiling Fan
  • Fireplace Details: Gas Logs, Gas Starter
  • Fireplace Location: Family Room
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: COMBO, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Kitchen Type: Dimensions: 12X6, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 13X11, On Level: Main Level, Flooring: Carpet, Windows: None
  • Bedroom 2: Dimensions: 12X11, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 1100
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Exterior Property Features: Storms/Screens
  • Exposure: S (South), W (West)

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Parking Included In Price: Yes

Utilities

  • Electricity: 100 Amp Service
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site, Monday through Saturday
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Bike Room/Bike Trails, Elevator, Exercise Room, Storage, Security Door Locks
  • Assessment Includes: Water, Parking, Common Insurance, Security System, TV/Cable, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal
  • Assessed Sq Ft: 1100
  • Assessment Association Fees: 378
  • Management Contact Name: Bazda Ramirez
  • Management Phone: 312-850-3251X1041

Fee Information

  • Management Company: Phoenix Rising

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 17221060741043

Multi Family

  • Total Number Unitsin Building: 76
  • Number Stories: 11

Tax Info

  • Taxes: 3337.78

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
5.60%

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

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $218,000 Chicago Title
Warranty Deed $254,500 None Available
Warranty Deed $145,000 --
Warranty Deed $106,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $142,000 Fannie Mae Freddie Mac
Previous Owner $142,000 Unknown
Previous Owner $137,650 No Value Available
Previous Owner $93,600 FHA
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: MRD10282132

Midwest Real Estate Data (MRED)

APN: 17-22-106-074-1043