Looking for a Renovated South Loop 2-Bedroom? 1111 S. Wabash

This 2-bedroom at 1111 S. Wabash Condos at 1111 S. Wabash in the South Loop came on the market in September 2019.

1111 S. Wabash was built in 2004 and has 247 units and a parking garage. It’s a full amenity building with a pool, doorman and exercise room.

This unit was bought in a judicial sale in June 2019 and has been renovated.

The listing says everything is brand new.

It’s a southeast corner unit on the twenty-seventh floor.

While it is listed as a 3-bedroom, the third bedroom, which has no windows, was opened up to be the dining room so I’m calling it a 2-bedroom in this post.

The kitchen has dark gray (or black?) custom cabinets, Calcutta quartz counter tops with a waterfall edge, a brushed gold faucet and gold cabinet pulls along with black stainless steel appliances (are there “black” stainless??? This is the first time I’ve seen this in a listing.)

There are gold light fixtures in the dining and living rooms.

There is a master suite with a walk-in-closet, a Jacuzzi tub, dual sinks and a separate shower with a black shower head.

The second bathroom has also been updated.

This unit has the features buyers look for including central air, washer/dryer in the unit and parking is included and apparently there is no separate tax bill or assessment on the parking.

The listing also says the building has $2.3 million in reserves.

Originally listed at $549,888 (are the 8s added to attract a Chinese investor?), it was reduced and then raised and is now listed at $549,000.

Buyers love “new” properties. Will this sell before the winter holidays?

Timothy Rhoten at Red Carpet Investment Group has the listing. See the pictures here.

Unit #2705: 3 bedrooms, 2 baths, 1527 square feet

  • Sold in March 2004 for $405,500
  • Lis pendens foreclosure filed in October 2018
  • Judicial sale in June 2019 (no price listed)
  • Originally listed in September 2019 for $549,888
  • Reduced
  • Raised
  • Currently listed at $549,000 (includes one parking space)
  • Assessments of $955 a month (includes heat, a/c, gas, doorman, cable, Internet, exercise room, pool, exterior maintenance, scavenger, snow removal)
  • Taxes of $9210
  • Central Air
  • Washer/dryer in the unit
  • Bedroom #1: 19×14
  • Bedroom #2: 14×12
  • Bedroom #3 but currently being used as a dining room: 12×12
  • Living room: 18×16
  • Kitchen: 12×10

7 Responses to “Looking for a Renovated South Loop 2-Bedroom? 1111 S. Wabash”

  1. No one knows anything about black stainless steel appliances?

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  2. I know I’d never pick them for myself, but that’s about it. Same with the gold fixtures, especially with gray cabinets.

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  3. “are there “black” stainless?”

    Yes, been around for a few years, and usually are a price upgrade from regular SS.

    Background here (and a reference to a 2016 post):

    https://blog.yaleappliance.com/should-you-buy-black-stainless-steel-appliances

    I like how Yale always seems to push a La Cornue. And usually a 60″–like we all might cross-shop $50k, half ton, ranges.

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  4. Yes, there are black stainless steel appliances and they are trendy. It is a colored coating applied to traditional stainless. It scratches easily and cannot be re-coated once damaged(according to a salesperson at a major local appliance dealer). No thanks.

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  5. anyone have one of those Samsung refrigerators with the “family hub” built into the door. I can’t imagine ever buying something like that. How many connected devices do we need. The odds of something failing with it seems high.

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  6. “Same with the gold fixtures, especially with gray cabinets.”

    Every renovation/flip I see in Chicago now has the gold faucets and fixtures. With black a close second.

    We will likely see gold fixtures for the next 4 or 5 years now. Prepare yourself. Lol.

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  7. “anyone have one of those Samsung refrigerators with the “family hub” built into the door. I can’t imagine ever buying something like that.”

    So, what I don’t get is why Sammie didn’t design it to use a Galaxy tablet, and then just ensure that each generation has a model that fits the refrigerators–with no battery to catch on fire. then you can future proof that a bit, without having to have an entirely separate product.

    I realize it’s easier to say “do this” than to work out the engineering and product flow, but I always wondered if that was about engineering, or about corporate product teams, bc it just seems to make so much sense.

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