NOT LISTED FOR SALE

1516 S Wabash Ave Unit 607 Chicago, IL 60605

South Loop Neighborhood

Estimated Value: $243,000 - $270,000

1 Bed
1 Bath
-- Sq Ft
0.39 Acre Lot

Sale Details

Date Sold: June 7, 2024

Last sale price $265,000

Est. 3% decrease in value since last sale

Current estimated payment $2,223 / mo

21 Days on Market

Highlights

  • Lock-and-Leave Community
  • End Unit
  • Balcony
  • Wood Flooring
  • Elevator
  • 1-minute walk to Coliseum Park

About This Home

As of June 2024

Charming and sun-lit 1BR/1BA loft in the heart of the South Loop. This spacious unit features 11ft ceilings, huge windows, and a balcony overlooking Coliseum Park. Character filled with hardwood floors, exposed brick walls, fireplace, and balcony w/ city views. Additional storage, in home W/D, brand new kitchen appliances. Building features storage lockers, bike storage, fitness room, pet friendly. Close proximity to lakefront, Museum Campus, Northerly Island, city parks, public transit, neighborhood dining and shopping. Exterior parking space included in price.

Last Agent to Sell the Property

Tim Sheahan

Compass License #475145058 Listed on: 02/29/2024

Compass

Co-Listed By

Kevin Carey

Compass License #475176636

Last Buyer's Agent

Leila Keene

Baird & Warner License #471001773

Baird & Warner

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,405

Year Built

  • Built in 1999

Lot Details

  • 0.39

HOA Fees

  • $461 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price

Schools

  • South Loop Elementary School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Additional Features

  • Balcony
  • End Unit

Community Details

Overview

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

Amenities

  • Elevator
  • Package Room
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,405

Year Built

Built in 1999

Lot Details

0.39 Acres

HOA Fees

$461 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1999
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 6
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 11

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit
  • Other Equipment: TV-Cable
  • 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
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

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

Garage/Parking

  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 461
  • Association Amenities: Bike Room/Bike Trails, Elevator(s), Storage, Receiving Room, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • 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, TV/Cable, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal

Schools

  • Elementary School: South Loop Elementary School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • 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: 4404.63
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 76

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2024
Closed on
Jun 1, 2024
Sold by
Bought by
Seller's Agent
Tim Sheahan
Compass
Buyer's Agent
Leila Keene
Baird & Warner
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%
Views
54
Current Estimated Value
$258,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,958
Avg. Annual Appreciation
-1.27%
Original Mortgage
$238,500
Outstanding Balance
$234,494
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$23,548

Purchase Details

Closed on
Feb 25, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
6.72%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 7, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 21, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,650
Interest Rate
7.03%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 27, 1999
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$265,000 Old Republic Title
-- Ticor
$232,000 None Available
$237,000 Cti
$177,000 --
$135,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $238,500
Previous Owner $185,600
Previous Owner $185,600
Previous Owner $171,650
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/07/2024 06/07/24 Sold $265,000 -3.6% --
03/22/2024 03/22/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $275,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,519 $20,871 $2,627 $18,244
2024 $4,519 $20,871 $2,627 $18,244
2023 $4,405 $21,349 $2,114 $19,235
2022 $4,405 $21,349 $2,114 $19,235
2021 $4,306 $21,348 $2,113 $19,235
2020 $3,907 $17,537 $1,736 $15,801
2019 $3,836 $19,095 $1,736 $17,359
2018 $3,772 $19,095 $1,736 $17,359
2017 $3,423 $15,902 $1,434 $14,468
2016 $3,185 $15,902 $1,434 $14,468
2015 $2,914 $15,902 $1,434 $14,468
2014 $2,553 $13,759 $1,283 $12,476
2013 $2,502 $13,759 $1,283 $12,476
Source: Public Records

Agents Affiliated with this Home

  • Tim Sheahan

    Seller's Agent in 2024

    Tim Sheahan

    Compass

    (312) 733-7201

    3 in this area

    553 Total Sales

    Tim Sheahan
    Section Image
  • Kevin Carey

    Seller Co-Listing Agent in 2024

    Kevin Carey

    Compass

    (708) 218-2754

    2 in this area

    40 Total Sales

    Kevin Carey
    Section Image
  • Leila Keene

    Buyer's Agent in 2024

    Leila Keene

    Baird Warner

    (312) 953-6161

    1 in this area

    51 Total Sales

    Leila Keene
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11991965

Midwest Real Estate Data (MRED)

APN: 17-22-106-074-1041

Illinois Cook County Chicago 60605 South Loop

1516 S Wabash Ave Unit 607, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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