Can You Still Get a High Rise 2/2 for $400,000? 1111 S. Wabash in the South Loop
This 2-bedroom at 1111 S. Wabash in the South Loop came on the market in May 2021.
Built in 2006, 1111 S. Wabash has 247 units and an attached parking garage.
It’s a full amenity building with door staff, exercise room and pool.
This unit has west views from an 18 foot balcony off the living room.
It also has a separate den which the listing says could be a home office or Peloton/workout room or, if you put on doors, it could be a third bedroom.
The kitchen has white 42″ cabinets, stone counter tops and “brand new, never been used” stainless steel appliances.
The main living areas have “newly stained” dark hardwood floors and there are new carpets in the bedrooms.
The primary bedroom has blackout shades, a walk-in-closet, and an en suite bath with soaking tub and shower.
The listing says it’s “freshly painted.”
This unit has the features buyers look for including central air, washer/dryer in the unit and garage parking is available for $30,000.
The listing indicates that the building has a rental cap of 20%, and that it’s been met.
This unit was originally listed in May 2021 at $439,000 and went under contract twice over the summer.
It’s been reduced to $395,000.
This is the first resale of this unit, which last sold in 2006 for $375,000.
Is this a deal?
Nick Kluding at Baird & Warner has the listing. See the pictures here.
Unit #1508: 2 bedrooms, 2 baths, 1300 square feet
- Sold in January 2006 for $375,000
- Originally listed in May 2021 for $439,000
- Under contract twice over the summer
- Reduced
- Currently listed at $395,000 (plus $30,000 for parking)
- Assessments of $666 a month (includes heat, gas, a/c, doorman, cable, Internet, exercise room, pool, exterior maintenance, lawn care, scavenger and snow removal)
- Taxes of $5905
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 14×11
- Bedroom #2: 10×12
- Den: 14×10
- Living room: 17×13
- Dining room: 14×10
- Kitchen: 11×8