Seller's Agent in 2021
Marta Gimel
Homesmart Connect LLC
(773) 988-6261
1 in this area
44 Total Sales
1516 S Wabash Ave Unit 606 Chicago, IL 60605
South Loop NeighborhoodEstimated Value: $336,000 - $423,000
2
Beds
1
Bath
1,180
Sq Ft
$629/mo
HOA Fee
Highlights
- Vaulted Ceiling
- Wood Flooring
- Balcony
- South Loop Elementary School Rated 9+
- Stainless Steel Appliances
- 1-minute walk to Coliseum Park
About This Home
As of January 2021Newly renovated 2-bed, 1-bath North-East facing corner Loft on a 6th floor in a prime South Loop location with a stunning, unobstructed downtown panoramic views. Inviting foyer with a huge coat closet leads you to an open concept living area with a chic and modern kitchen completed with a quartz counter top and high-end stainless appliances. * Floor-to-ceiling windows * charming exposed brick and raw concrete columns * soaring 12-foot industrial ceiling * glamorous hardwood floors * cozy, gas burning fireplace * complements the stylish and spectacular look of the Loft. Relax or entertain, enjoying the view of Chicago skyscrapers (including Willis Tower) from the over-sized balcony right off the living/dining/kitchen area. Master bedroom hidden behind a modern barn-door has entire wall of closets with additional storage lofted above and again amazing views of Chicago architecture through a large window. Second fully enclosed bedroom also has spacious walk-in closet and is located next to a bathroom with a deep soaking tub. Unit also offers stackable washer/dryer, Central A/C (furnace and A/C unit just 1.5 year old), copper water lines (great water pressure!), sound-proof concrete ceilings and comes with a GARAGE parking spot (assigned, heated and secured) for additional $25,000. Don't need parking ?- sell or rent it out to another resident in a building. Basic monthly association fee is $522.16 plus additional mandatory services fees (Bulk Cable/TV-$39.82, Wi-Fi -$30 and Parking-$37.23) for a total amount of $629.21/mo. Rentals allowed (no rental cap, minimum 6 months rent)-current owner occupancy rate at 67%. Pet friendly building (dogs, cats, birds are welcomed, limited to 2 pets per unit, no weight limitations). This building, known to Chicagoans as Landmark Lofts is an 11-story boutique high-rise equipped with a secure entry system, exercise facility, bike room, storage & elevators. No special assessments here thanks to strong association and healthy reserves (~$91,000). Conveniently located...steps from Mariano's, Trader Joe's, Starbucks, Target, Coliseum Park, Fred Anderson Dog Park, Lake Michigan, Grant Park, museums and Soldier Field, Northerly Islands & Burnham Harbor. Plenty of restaurants & shopping in the area. Walk to The Roosevelt Collection shopping & movie theater. Easy access to 90/94, 290 & 55 expressways...3 blocks from Roosevelt El stop (Red/Orange/Blue/Green lines) . Welcome Home
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,992
Year Built | Renovated
- 1921 | 2018
Lot Details
- 0.39
HOA Fees
- $629 per month
Parking
- Attached Garage
- Heated Garage
- Garage Transmitter
- Garage Door Opener
- Parking Included in Price
- Garage Is Owned
Home Design
- Brick Exterior Construction
- Flexicore
Interior Spaces
- Walk-In Closet
- Built-In Features
- Vaulted Ceiling
- Gas Log Fireplace
- Entrance Foyer
- Storage
- Wood Flooring
Kitchen
- Breakfast Bar
- Oven or Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Laundry
- Dryer
- Washer
Location
- Property is near a bus stop
- City Lot
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Individual Controls for Heating
- Lake Michigan Water
Additional Features
- North or South Exposure
- Balcony
- East or West Exposure
Community Details
- Pets Allowed
Listing and Financial Details
- Homeowner Tax Exemptions
- $3,800 Seller Concession
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 18, 2020
Closed on
Jan 26, 2021
Sold by
Gupta Shalini and Polowy Pawel
Bought by
Diaz Maria
Seller's Agent
Marta Gimel
Homesmart Connect LLC
Buyer's Agent
Lucas Baker
@properties Christie's International Real Estate
List Price
$359,900
Sold Price
$330,000
Premium/Discount to List
-$29,900
-8.31%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,627
Avg. Annual Appreciation
2.68%
Original Mortgage
$313,500
Outstanding Balance
$280,068
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$92,559
Purchase Details
Listed on
Oct 2, 2018
Closed on
Dec 21, 2018
Sold by
Benbazza Amine and Benbazza Kristen
Bought by
Gupta Shalini
Seller's Agent
Lisa McMillan
Wolf Residential Group LLC
Buyer's Agent
Gary Lucido
Lucid Realty, Inc.
List Price
$355,000
Sold Price
$339,500
Premium/Discount to List
-$15,500
-4.37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.34%
Original Mortgage
$271,600
Interest Rate
4.9%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 5, 2015
Closed on
Sep 26, 2015
Sold by
Mcdonald Alexander P
Bought by
Benbazza Amine and Benbazza Kristen
Seller's Agent
Matt Laricy
Americorp, Ltd
Buyer's Agent
Lisa McMillan
Wolf Residential Group LLC
List Price
$265,000
Sold Price
$269,000
Premium/Discount to List
$4,000
1.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.52%
Original Mortgage
$242,100
Interest Rate
4.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 28, 2006
Sold by
Holstrom Gregory J and Holstrom Nicole A
Bought by
Mcdonald Alexander P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 5, 2004
Sold by
Galullo Joseph
Bought by
Holstrom Gregory J and Holstrom Nicole A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,400
Interest Rate
5.48%
Mortgage Type
Unknown
Purchase Details
Closed on
Feb 25, 2000
Sold by
1516 Wabash Associates Inc
Bought by
Galullo Joseph
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8%
Mortgage Type
Unknown
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Diaz Maria | $330,000 | Attorney | |
| Gupta Shalini | $339,500 | Chicago Title | |
| Benbazza Amine | $269,000 | Barrister Title | |
| Mcdonald Alexander P | $310,000 | Cti | |
| Holstrom Gregory J | $273,000 | Pntn | |
| Galullo Joseph | $217,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Diaz Maria | $313,500 | |
| Previous Owner | Gupta Shalini | $271,600 | |
| Previous Owner | Benbazza Amine | $242,100 | |
| Previous Owner | Mcdonald Alexander P | $248,000 | |
| Previous Owner | Mcdonald Alexander P | $31,000 | |
| Previous Owner | Holstrom Gregory J | $218,400 | |
| Previous Owner | Galullo Joseph | $150,000 | |
| Previous Owner | Galullo Joseph | $149,250 | |
| Previous Owner | Galullo Joseph | $150,000 | |
| Closed | Holstrom Gregory J | $40,950 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/28/2021 01/28/21 | Sold | $330,000 | +4.8% | $280 / Sq Ft |
| 12/03/2020 12/03/20 | Pending | -- | -- | -- |
| 10/20/2020 10/20/20 | Price Changed | $314,900 | -1.6% | $267 / Sq Ft |
| 09/04/2020 09/04/20 | Price Changed | $319,900 | -8.6% | $271 / Sq Ft |
| 08/26/2020 08/26/20 | Price Changed | $349,900 | -2.8% | $297 / Sq Ft |
| 08/18/2020 08/18/20 | For Sale | $359,900 | +6.0% | $305 / Sq Ft |
| 12/21/2018 12/21/18 | Sold | $339,500 | +4.5% | $295 / Sq Ft |
| 11/14/2018 11/14/18 | Pending | -- | -- | -- |
| 10/15/2018 10/15/18 | Price Changed | $325,000 | -7.1% | $283 / Sq Ft |
| 10/15/2018 10/15/18 | Price Changed | $350,000 | -1.4% | $304 / Sq Ft |
| 10/02/2018 10/02/18 | For Sale | $355,000 | +32.0% | $309 / Sq Ft |
| 10/06/2015 10/06/15 | Sold | $269,000 | +5.5% | $234 / Sq Ft |
| 09/08/2015 09/08/15 | Pending | -- | -- | -- |
| 08/24/2015 08/24/15 | Price Changed | $255,000 | -3.8% | $222 / Sq Ft |
| 08/05/2015 08/05/15 | For Sale | $265,000 | -- | $230 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $6,992 | $32,292 | $4,065 | $28,227 |
| 2023 | $6,815 | $33,032 | $3,270 | $29,762 |
| 2022 | $6,815 | $33,032 | $3,270 | $29,762 |
| 2021 | $5,990 | $33,031 | $3,270 | $29,761 |
| 2020 | $5,354 | $27,134 | $2,686 | $24,448 |
| 2019 | $5,247 | $29,544 | $2,686 | $26,858 |
| 2018 | $5,157 | $29,544 | $2,686 | $26,858 |
| 2017 | $4,570 | $24,605 | $2,219 | $22,386 |
| 2016 | $4,428 | $24,605 | $2,219 | $22,386 |
| 2015 | $4,028 | $24,605 | $2,219 | $22,386 |
| 2014 | $3,473 | $21,288 | $1,985 | $19,303 |
| 2013 | $3,394 | $21,288 | $1,985 | $19,303 |
Source: Public Records
Agents Affiliated with this Home
-
Marta Gimel
-
Lucas Baker
Buyer's Agent in 2021
Lucas Baker
@ Properties
(773) 472-0200
1 in this area
74 Total Sales
-
Lisa McMillan
Seller's Agent in 2018
Lisa McMillan
Wolf Residential Group LLC
(312) 399-9931
4 in this area
37 Total Sales
-
G
Buyer's Agent in 2018
Gary Lucido
Lucid Realty, Inc.
-
Matt Laricy
Seller's Agent in 2015
Matt Laricy
Americorp, Ltd
(708) 250-2696
70 in this area
2,506 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10822714
APN: 17-22-106-074-1035
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