405 N Wabash Avenue Unit 1604
Chicago, IL 60611

Status: Active
Townhouse or Condo
0 beds
1 baths
545 sq.ft
Listing Price: $217,000
Gallery single image view Gallery grid view Street view Map view

About this home

Prime River North Pied-A-Terre Awaits: Studio Investment in the River Plaza building. FOR INVESTMENT ONLY until September 2024: This unique studio condo in the heart of River North offers the perfect blend of urban living and savvy financial opportunity. Nestled within the River Plaza building at 405 N. Wabash Ave, this compact gem awaits you. This is ideal for discerning investors seeking great rental income. Ideal for individuals craving a vibrant city hub or savvy second-home buyer desiring a chic Chicago escape or for an investment. Enjoy the fact that you are steps from vibrant bars, renowned restaurants, and world-class shopping. Minutes from the Riverwalk and so much more. This unit offers an efficient layout that has a built-in Murphy bed, and separate alcove space that can be used as a work area, bedroom or whatever your needs may be. This functional layout is 550 sq ft and has an updated bathroom with a standalone shower and walk-in closet. The River Plaza building is a 51-story condo building situated in the heart of River North, offering city views and unparalleled access to everything Chicago has to offer. River Plaza residents benefit from a full amenity building that includes a 24-hour doorman, fitness center, indoor pool & hot tub, sun deck, hospitality room, and more. The building has no rental caps or rental restrictions. The building will need a 1-year lease agreement at the min. The owner occupancy is 63% and building reserves are over 3 million dollars. Embrace the dynamic energy of River North. Don't miss your chance to invest in this River North condo! Motivated Seller and also has parking for sale at $34, 000-PS: D20.

Property details

Interior Features
Additional Rooms None
Appliances Range, Microwave, Dishwasher, Refrigerator
Square Feet 545
Square Feet Source Estimated
Basement Description None
Basement Bathrooms No
Basement None
Disability Access and/or Equipped No
Baths FULL Count 1
Baths Count 1
LaundryFeatures Common Area
Total Rooms 3
Floor Level 16
Rooms
room 1
Level N/A
room 2
Level N/A
room 3
Level N/A
room 4
Level N/A
room 5
Level N/A
room 6
Level N/A
room 7
Level N/A
room 8
Level N/A
room 9
Level N/A
room 10
Level N/A
room 11
Type Bedroom 2
Level N/A
room 12
Type Bedroom 3
Level N/A
room 13
Type Bedroom 4
Level N/A
room 14
Type Dining Room
Level Main
Dimensions COMBO
Flooring Hardwood
room 15
Type Family Room
Level N/A
room 16
Type Kitchen
Level Main
Dimensions 7X9
Flooring Hardwood
room 17
Type Laundry
Level N/A
room 18
Type Living Room
Level Main
Dimensions 19X12
Flooring Hardwood
room 19
Type Master Bedroom
Bath None
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 41-50 Years
Approx Year Built 1977
Parking Total 1
Deeded Garage Cost 34000
Driveway Concrete, Circular
Exposure West,City
Exterior Building Type Glass,Concrete
Garage Details Transmitter(s), Heated
Parking On-Site Yes
Garage Ownership Deeded Sold Separately
Garage Type Detached
Parking Spaces Count 1
Parking Garage
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Air Conditioning Central Air
Area Major CHI - Near North Side
Corporate Limits Chicago
Directions Between Grand St and The River On Wabash. Park in the driveway for 20 mins.
Elementary Sch Dist 299
Heat/Fuel Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Subdivision River Plaza
Township North Chicago
Property / Lot Details
Lot Dimensions COMMON
Number of Stories 51
Ownership Condo
Number Of Units in Building 678
Type Attached Condo, High Rise (7+ Stories), Studio
Property Type Attached Single

Financials

LeaseExpiration 09/30/2024
Investment Profile Residential

Tax/Assessments/Liens

Master Association Fee($) $396
Association Amenities Bike Room/Bike Trails, Door Person, Coin Laundry, Elevator(s), Exercise Room, On Site Manager/Engineer, Party Room, Sundeck, Indoor Pool, Receiving Room, Restaurant, Business Center, Laundry, Security
Frequency Monthly
Master Association Fee No
Assessment Includes Heat, Air Conditioning, Water, Insurance, Doorman, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet
Master Association Fee Frequency Not Required
PIN 17101320371226
Special Assessments N
Taxes $2,882
Tax Exemptions None
Tax Year 2022
$217,000 Listing Price:
MLS # 12092072
Investment Profile Residential
Listing Market Time 90 days
Basement None
Number of Units in Building 678
Type Attached Condo, High Rise (7+ Stories), Studio
Parking Garage
Pets Allowed Cats OK, Number Limit
List Date 07/01/2024
Year Built 1977
Request Info
By pressing Request Info, you agree that ILFLS and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. Message/data rates may apply. You also agree to our Terms of Service.
Price history
Loading price history...