1301 S Wabash Avenue
Chicago, IL 60605

Status: Active Under Contract
Mixed Use
0 beds
0 baths
19,072 sq.ft
Listing Price: $4,900,000

About this home

The subject property is located at the SEC of Wabash Avenue and 13th Street in Chicago's vibrant South Loop with close proximity to the Loop, Michigan Avenue, and the Museum Campus. This building sits on a lot line of 55' on Wabash and 171' on 13th Street. Current zoning is DX-7, which provides for commercial on the ground floor and residential or office on the upper floor. Currently, there is a vacant 2-story building on the site with a former restaurant infrastructure in place on the first floor and the second floor built out for a residence and a photography studio. Developers will find the potential TOD zoning appealing and a higher density on the site. Restaurants and cannabis tenants will show interest in the location. Easy access to Lake Shore Drive and the Dan Ryan via the Roosevelt Road thoroughfare one block north. The Red, Orange, and Green lines at Roosevelt Road provide access to the downtown, northside, Midway Airport and McCormick Place.

Property details

Property / Lot Details
Approximate Age Older
Number Of Apts 2
BuildingAreaTotal 19072
Property Type Mixed Use
Lot Dimensions 55 BY 170.9
Fire Protection Partially Sprinklered
LotSizeSquareFeet 9390
Number Of Offices 3
Other SqFt 19072
PropertySubType Mixed Use
NumberOfUnitsTotal 3
School / Neighborhood, Utilities, Financing, Location Details
Air Conditioning Central Air
Area Major CHI - Near South Side
Directions Roosevelt East to Wabash South to property
Electricity Circuit Breakers
Geographic Locale Chicago South
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Approx Year Built 1930
Exterior Building Type Brick
Indoor Parking 1-5 Spaces
Parking Total 3
Roof Type Rubber
Roof Structure Flat
MRD Virtual Tour None
Interior Features
Number Of Dryers 1
Heat/Ventilation Forced Air
Stories 2
Number Of Washers 1

Financials

Investment Profile Commercial Sale
ElectricExpense 1200
Fuel Expense $1,200
Insurance Expense $8,000
Water Expense $3,000

Tax/Assessments/Liens

PIN 17221040010000
Taxes $23,610
Tax Year 2019
$4,900,000 Listing Price:
MLS # 11225213
Investment Profile Commercial Sale
Listing Market Time 499 days
Basement
List Date 09/21/2021
Year Built 1930
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