NOT LISTED FOR SALE

1516 S Wabash Ave Unit 401 Chicago, IL 60605

South Loop Neighborhood

Estimated Value: $341,000 - $377,138

2 Beds
1.5 Baths
-- Sq Ft
$662/mo HOA Fee

Last Sold May 10, 2024

Last sale price $345,000

Est. 5% increase in value since last sale

Current estimated payment $3,180/month

15 Days on Market

Highlights

  • Fitness Center
  • Lock-and-Leave Community
  • End Unit
  • South Loop Elementary School Rated 9+
  • Wood Flooring
  • 1-minute walk to Coliseum Park

About This Home

As of May 2024

Nestled in the heart of the vibrant South Loop, discover this sophisticated 2-bedroom, 1.1-bathroom loft-style condo characterized by its exquisite hardwood floors, lofty ceilings, and exposed brick accents. The remodeled kitchen is a culinary haven, boasting timeless white cabinetry, Quartz countertops, stainless steel appliances, and a spacious island with seating. The formal dining area is ideal for hosting guests, while the generously sized living room features a charming fireplace and expansive windows that flood the space with natural light. The primary bedroom serves as a true sanctuary with its en-suite bath and walk-in closet, while the equally spacious second bedroom offers ample comfort. Convenience is key with an in-unit washer/dryer and a recently upgraded A/C unit. Step out onto the sizable private balcony to enjoy breathtaking views to the east, north, and south-a perfect retreat for summer relaxation. Additional highlights include abundant storage, built-in shelving, an optional garage parking space for an additional 35k, and extra storage in the basement. This well-maintained, pet-friendly building provides amenities such as a fitness room and onsite maintenance. Conveniently situated near two parks, a dog park, grocery stores, restaurants, the Museum Campus, Northerly Island, CTA public transportation, and the highway. Elevator modernization, exterior brick improvements, balcony enhancements, and roof upgrades were all completed in 2021. Take a 3D Tour, CLICK on the 3D BUTTON & Walk Around.

Last Agent to Sell the Property

Matt Laricy

Americorp, Ltd License #471003711 Listed on: 03/22/2024

Last Buyer's Agent

Karra Kalkman

@properties Christie's International Real Estate License #475210351

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,489

Year Built

  • Built in 1920

Lot Details

  • 0.39

HOA Fees

  • $662 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Included in Price
  • Deeded Parking Sold Separately

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Heatilator
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

  • South Loop Elementary School
  • Phillips Academy High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Balcony
  • End Unit

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, tv/cable, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 76 Units
  • Info@Halesinc.Com Association, Phone Number (312) 666-0149
  • High-Rise Condominium
  • Property managed by Hales Management
  • Lock-and-Leave Community
  • 11-Story Property

Amenities

  • Service Elevator
  • Community Storage Space
  • Elevator

Recreation

  • Fitness Center
  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,489

Year Built

Built in 1920

Lot Details

0

HOA Fees

$662 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo-Loft,High Rise (7+ Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo-Loft,High Rise (7+ Stories)
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 11

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Gas Starter, Heatilator
  • Fireplaces: 1
  • Interior Amenities: Elevator, Hardwood Floors, Laundry Hook-Up in Unit
  • Room Type: Balcony/Porch/Lanai
  • Stories Total: 11
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Balcony, End Unit
  • List Price: 325000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Deeded Sold Separately
  • Garage Type: Attached
  • Parking: Garage
  • Deeded Garage Cost: 35000

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 662
  • Association Amenities: Bike Room/Bike Trails, Elevator(s), Exercise Room, Storage, Security Door Lock(s), Service Elevator(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Hales Management
  • Management Contact Name: info@halesinc.com
  • Management Phone: 312-666-0149
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, TV/Cable, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

Schools

  • Elementary School: South Loop Elementary School
  • High School: Phillips Academy High School
  • Middle/Junior School: South Loop Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 6488.84
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2024
Closed on
Apr 30, 2024
Sold by
Waikar Anjali
Bought by
Goetz Hanah C and Shenefield Dylan L
Seller's Agent
Matt Laricy
Americorp, Ltd
Buyer's Agent
Karra Kalkman
@properties Christie's International Real Estate
List Price
$325,000
Sold Price
$345,000
Premium/Discount to List
$20,000
6.15%
Views
49
Current Estimated Value
$362,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,785
Avg. Annual Appreciation
3.85%
Original Mortgage
$334,650
Outstanding Balance
$330,176
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$32,609

Purchase Details

Closed on
Aug 5, 2017
Sold by
Neroni Jamie M and Connell Thomas M O
Bought by
Waikar Anjali

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,750
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 14, 2014
Closed on
Apr 2, 2015
Sold by
Sickle Richard M Van
Bought by
Connell Thomas M O and Nereni Jamie M
Seller's Agent
Cleo Aquino
Habloft LLC
Buyer's Agent
Morgan Sage
Berkshire Hathaway HomeServices Chicago
List Price
$329,900
Sold Price
$330,000
Premium/Discount to List
$100
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.91%
Original Mortgage
$264,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 1998
Sold by
1516 Wabash Associates Inc
Bought by
Vansickle Richard M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,900
Interest Rate
7%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Goetz Hanah C $345,000 Chicago Title
Waikar Anjali $349,000 Barrister Title
Connell Thomas M O $330,000 First American Title Ins Co
Vansickle Richard M $186,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goetz Hanah C $334,650
Previous Owner Waikar Anjali $261,750
Previous Owner Connell Thomas M O $260,000
Previous Owner Connell Thomas M O $264,000
Previous Owner Vansickle Richard M $30,000
Previous Owner Vansickle Richard M $166,000
Previous Owner Vansickle Richard M $60,000
Previous Owner Orlebeke Susan $205,000
Previous Owner Vansickle Richard M $170,200
Previous Owner Vansickle Richard M $175,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2024 05/10/24 Sold $345,000 +6.2% --
04/07/2024 04/07/24 Pending -- -- --
03/22/2024 03/22/24 For Sale $325,000 0.0% --
06/10/2021 06/10/21 Rented -- -- --
06/04/2021 06/04/21 Under Contract -- -- --
06/02/2021 06/02/21 For Rent $2,200 -12.0% --
07/22/2019 07/22/19 Rented $2,500 0.0% --
07/15/2019 07/15/19 Under Contract -- -- --
06/29/2019 06/29/19 For Rent $2,500 0.0% --
04/02/2015 04/02/15 Sold $330,000 0.0% $275 / Sq Ft
01/16/2015 01/16/15 Pending -- -- --
11/14/2014 11/14/14 For Sale $329,900 -- $275 / 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 $6,680 $34,090 $4,291 $29,799
2023 $6,489 $34,871 $3,452 $31,419
2022 $6,489 $34,871 $3,452 $31,419
2021 $6,361 $34,870 $3,452 $31,418
2020 $5,690 $28,645 $2,835 $25,810
2019 $6,266 $31,189 $2,835 $28,354
2018 $6,161 $31,189 $2,835 $28,354
2017 $4,865 $25,974 $2,342 $23,632
2016 $4,702 $25,974 $2,342 $23,632
2015 $4,279 $25,974 $2,342 $23,632
2014 $3,693 $22,474 $2,096 $20,378
2013 $3,609 $22,474 $2,096 $20,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12010896

Midwest Real Estate Data (MRED)

APN: 17-22-106-074-1003