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    1243 S Wabash Ave, Unit 401 Chicago, IL 60605

    For Sale
    $450,000

    South Loop 2 bed, 2 bath timber loft with parking.

    Property size:
    1,165 SF

    Property Features for 1243 S Wabash Ave

    General Information

    Interior features
    1, : "Central Air", "2": "Natural Gas", "3": "Forced Air", "4": "Range", "5": "Microwave", "6": "Dishwasher", "7": "Refrigerator", "8": "Washer", "9": "Dryer"
    Exterior features
    1, : "Deck", "2": "Rubber"
    Size
    1,165 SF

    Source: KW ONEChicago Agent Jefferson Vice

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Stylish South Loop Timber Loft

    This stylish South Loop timber loft features 2 bedrooms and 2 bathrooms within the sought-after Wabash Flats. The residence boasts 14-foot ceilings and a modern chef's kitchen with bar seating that opens to a wide, open living and dining area. The living space provides ample room for both living and entertaining, enhanced by a fireplace and sunset views. The primary suite includes a large custom marble shower with multiple body sprayers, a dark penny tile floor, and a dual vanity. Both bedrooms feature upgraded and expanded closet space. Floor-to-ceiling walls add privacy. Large windows offer views from the unit-wide balcony, showcasing a Chicago vista including the Sears (Willis) Tower. The unit includes a washer/dryer (2021) and a furnace (2022). Conveniently located near the EL stop, parks, and the lakefront, it is also steps away from shopping and dining. Indoor heated parking is included. The property size is 1165 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Village Eyecare - South ... Optometrist Dr. Mona Sood Optometrist Krista Mathson Optometrist Dr. Lauren Curosh Optometrist Heeyoon Kim Optometrist

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6253106
    Latitude
    41.866248

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    FAQs

    What type of property is this?
    Apartment building - South Loop 2 bed, 2 bath timber loft with parking.
    Where is this apartment building located?
    The property is located at 1243 S Wabash Ave, Unit 401 Chicago, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Stunning Chicago vista views, including the Sears (Willis) Tower, from a unit-wide balcony.; - Includes indoor heated parking.; - Authentic timber loft with **14-foot ceilings**, creating a stylish and spacious living environment.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1243 S Wabash Ave, Unit 401 Chicago, IL 60605
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