NOT LISTED FOR SALE

1516 S Wabash Ave Unit 608 Chicago, IL 60605

South Loop Neighborhood

Estimated Value: $241,000 - $304,000

1 Bed
1 Bath
-- Sq Ft
0.39 Acres

Last Sold December 16, 2016

Last sale price $185,000

Est. 48% increase in value since last sale

Current estimated payment $1,791/month

Highlights

  • Fitness Center
  • Property is near a park
  • Elevator
  • South Loop Elementary School Rated 9+
  • Wood Flooring
  • 1-minute walk to Coliseum Park

About This Home

As of September 2024

South Loop 1-bed/1-bath loft with exposed brick and concrete pillars. This renovated, move-in ready apartment features an open kitchen with new appliances, hardwood floors, fireplace and in-unit full size laundry. Enjoy beautiful sunset views from this unit. One assigned outdoor parking spot is included in the rent. Building amenities include a workout room and bike room. Walking distance to the lake, shopping and transit. Park and dog run next door!

Last Agent to Rent the Property

Eric Wiliam Taylor

@properties Christie's International Real Estate License #475198020 Listed on: 09/03/2024

@properties Christie's International Real Estate

Co-Listed By

Justin Lucas

@properties Christie's International Real Estate License #475173373

Last Renter's Agent

Brian Joffe

Fulton Grace Realty License #475186981

Fulton Grace Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,704

Year Built

  • Built in 1998 | Remodeled in 2018

Lot Details

  • 0.39

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

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

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

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

Location

  • Property is near a park

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Security Deposit $2,000
  • Property Available on 10/1/24
  • Rent includes cable TV, water, parking, scavenger, exterior maintenance, lawn care, snow removal, internet, wi-fi

Community Details

Overview

  • 76 Units
  • Matthew Klemm Association, Phone Number (312) 850-3251
  • High-Rise Condominium
  • Property managed by Phoenix Rising Management
  • 11-Story Property

Amenities

  • Common Area
  • Elevator
  • Service Elevator

Recreation

  • Fitness Center
  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,704

Year Built

Built in 1998 | Remodeled in 2018

Lot Details

0

Rental Info

  • Available Date: 2024-10-01
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Type of Rental Property: Attached
  • Rental Price: 2000
  • Security Deposit: 2000
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo,Condo-Loft,High Rise (7+ Stories)
  • Property Sub-Type: Attached
  • Year Built: 1998
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 6
  • Rehab Year: 2018
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 11
  • Year Renovated: 2018

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 1
  • Furnished: No
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Room Type: No additional rooms
  • 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

  • Foundation Details: Concrete Perimeter
  • List Price: 2000
  • Lot Features: Common Grounds, Park Adjacent
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Amenities: Bike Room/Bike Trails, Elevator(s), Exercise Room, Service Elevator(s), Intercom
  • Rent Includes: Cable TV, Water, Parking, Scavenger, Exterior Maintenance, Lawn Care, Snow Removal, Internet, Wi-Fi
  • Management: Manager Off-site
  • Management Company: Phoenix Rising Management
  • Management Contact Name: Matthew Klemm
  • Management Phone: 312-850-3251X1032

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Units in Building: 76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2025
Sold by
Carranza Jocelin
Bought by
Carranza Pena Revocable Trust
Current Estimated Value
$274,141

Purchase Details

Listed on
Oct 19, 2016
Closed on
Dec 14, 2016
Sold by
Whalen Kimberly J
Bought by
Carranza Jocelin
Seller's Agent
Rizwan Gilani
ALLURE Real Estate
Buyer's Agent
Rizwan Gilani
ALLURE Real Estate
List Price
$195,000
Sold Price
$185,000
Premium/Discount to List
-$10,000
-5.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.20%
Original Mortgage
$157,250
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2007
Sold by
Reddish Eric F
Bought by
Whalen Kimberly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
6.16%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 14, 2004
Sold by
Long Steven M
Bought by
Reddish Eric F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,200
Interest Rate
4.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 6, 1999
Sold by
Booker David D and Sanchez Katherine J
Bought by
Long Stephen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,720
Interest Rate
7.77%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 18, 1998
Sold by
1516 Wabash Associates Inc
Bought by
Booker David D and Sanchez Katherine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,100
Interest Rate
7.02%
Mortgage Type
Unknown
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
Carranza Pena Revocable Trust -- None Listed On Document
Carranza Jocelin $185,000 Attorneys Title Guaranty Fun
Whalen Kimberly J $207,000 Chicago Title Insurance Co
Reddish Eric F $184,000 Pntn
Long Stephen M $126,000 --
Booker David D $125,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carranza Jocelin $147,000
Previous Owner Carranza Jocelin $157,250
Previous Owner Whalen Kimberly J $164,760
Previous Owner Whalen Kimberly J $182,000
Previous Owner Reddish Eric F $147,200
Previous Owner Long Stephen M $100,720
Previous Owner Booker David D $119,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2024 09/06/24 Rented $2,000 0.0% --
09/03/2024 09/03/24 For Rent $2,000 +11.1% --
09/25/2020 09/25/20 Rented $1,800 0.0% --
09/18/2020 09/18/20 For Rent $1,800 0.0% --
12/16/2016 12/16/16 Sold $185,000 -5.1% --
10/31/2016 10/31/16 Pending -- -- --
10/19/2016 10/19/16 For Sale $195,000 -- --
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 $3,704 $20,349 $2,561 $17,788
2023 $3,589 $20,816 $2,061 $18,755
2022 $3,589 $20,816 $2,061 $18,755
2021 $3,526 $20,814 $2,060 $18,754
2020 $3,118 $17,098 $1,692 $15,406
2019 $3,051 $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 $2,605 $15,505 $1,398 $14,107
2015 $2,361 $15,505 $1,398 $14,107
2014 $2,012 $13,415 $1,251 $12,164
2013 $1,962 $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: 12153360

Midwest Real Estate Data (MRED)

APN: 17-22-106-074-1047