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405 N Wabash Avenue , #2512

Chicago, IL 60611
  • $229,000
  • STATUS: Closed
  • ON SITE: 43 Days
  • MLS #: 12000187
Sold - 04/15/2024
$229,000
SOLD - 04/15/2024
  • 0
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 550
    SQFT
  • $416
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1977
County:

School Ratings & Info

School District:
299

Description

***GREAT INVESTMENT OPPORTUNITY WITH A LONG-TERM TENANT & Long term Lease, good rent until March 2026 *** Rare opportunity to purchase an East Facing Jr. 1 Bedroom with views of the Iconic Wrigley Building and Chicago River. This sun drenched unit is located in the very popular River North neighborhood. As you walk into the unit you will notice the open layout ready to enjoy and entertain. The kitchen has an open layout that has great storage and seating/counter area for all to gather. The living room windows extend out to provide southern views of the river and iconic Chicago. The bedroom/sleeping area is separated with Double Sliding Doors for privacy and flexibility. Great flexibility to open living room & Bedroom for a vast open space. Updated bathroom with ample storage and counter space. This unit also offers TONS of closet space. *** THIS IS A GREAT INVESTMENT OPPORTUNITY. LONG TERM TENANT OF OVER 10 YEARS. Just signed an extension until MARCH 2026, so no Vacancy or prep expenses for 2 years. Tenant always renews for 2 years and would like to stay long term. Assessments include heat, air, water, cable & hi-speed internet. Amenities included and offered by the building - 24-hour door staff, on-site management & 24-hour maintenance, 24-hour 3000+sqft plus fitness center with newer Lifetime Fitness equipment, a 20-meter 4 lap heated indoor pool open yearlong, hot tub, sun deck, hospitality room, package room and on-site laundry with smart app. Wi-Fi in all common areas. Owner Occupancy is over 60% and reserves are just over $3 million. There is no rental cap, min 1 year lease per association rules. River Plaza is located in the mix of everything. You are walking distances away from the Chicago River, Mag Mile, Downtown, Great Dining, Night life and so much more.

Sold by Century 21 Realty Associates.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-04-22T08:33:40.79 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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405 N Wabash Avenue , #2512 Chicago, IL 60611

  • Price: $229,900
  • Status: Closed
  • On Site: 43 Days
  • MLS #: 12000187
0
Beds
1
Baths
0
½ Baths
N/A
Acres
550
SQFT
$416
$/SQFT
1977
Built
Neighborhood:
Chi - Near North Side
County:
Cook
Area:
Chi - Near North Side
School District:
299
Property Description
***GREAT INVESTMENT OPPORTUNITY WITH A LONG-TERM TENANT & Long term Lease, good rent until March 2026 *** Rare opportunity to purchase an East Facing Jr. 1 Bedroom with views of the Iconic Wrigley Building and Chicago River. This sun drenched unit is located in the very popular River North neighborhood. As you walk into the unit you will notice the open layout ready to enjoy and entertain. The kitchen has an open layout that has great storage and seating/counter area for all to gather. The living room windows extend out to provide southern views of the river and iconic Chicago. The bedroom/sleeping area is separated with Double Sliding Doors for privacy and flexibility. Great flexibility to open living room & Bedroom for a vast open space. Updated bathroom with ample storage and counter space. This unit also offers TONS of closet space. *** THIS IS A GREAT INVESTMENT OPPORTUNITY. LONG TERM TENANT OF OVER 10 YEARS. Just signed an extension until MARCH 2026, so no Vacancy or prep expenses for 2 years. Tenant always renews for 2 years and would like to stay long term. Assessments include heat, air, water, cable & hi-speed internet. Amenities included and offered by the building - 24-hour door staff, on-site management & 24-hour maintenance, 24-hour 3000+sqft plus fitness center with newer Lifetime Fitness equipment, a 20-meter 4 lap heated indoor pool open yearlong, hot tub, sun deck, hospitality room, package room and on-site laundry with smart app. Wi-Fi in all common areas. Owner Occupancy is over 60% and reserves are just over $3 million. There is no rental cap, min 1 year lease per association rules. River Plaza is located in the mix of everything. You are walking distances away from the Chicago River, Mag Mile, Downtown, Great Dining, Night life and so much more.
Exterior Features

Driveway Circular Exterior Building Type Concrete Garage Onsite Yes Garage Ownersite Deeded Sold Separately Garage Type Attached Is Parking Included In Price No Parking Details Garage Parking Total 0 Stories Total 51 Unit Floor Level 25 Waterfront YN No

Interior Features

Appliances RangeMicrowaveDishwasherRefrigerator Approximate Finished Sq Ft 0 Basement None Basement Details None Bedrooms Below Grade 0 Bedrooms Total 0 Cooling Central Air Fireplaces Total 0 Heating Forced Air Laundry Features Common Area Room Type No additional rooms Rooms (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) Bedroom 2 (N/A) Bedroom 3 (N/A) Bedroom 4 (N/A) Dining Room (Main) Family Room (N/A) Kitchen (Main) Laundry (N/A) Living Room (Main) Master Bedroom (N/A) Rooms Total 3 Total Sq Ft 0 Unfinished Sqft 0

Property Features

Additional Parcels YN No Age 41-50 Years Association Amenities Bike Room/Bike TrailsDoor PersonCoin LaundryElevator(s)Exercise RoomHealth ClubOn Site Manager/EngineerParty RoomSundeckIndoor PoolReceiving RoomRestaurantValet/CleanerSpa/Hot TubBusiness CenterHigh Speed Conn. Association Fee 493 Association Fee Frequency Monthly Association Fee Includes HeatAir ConditioningWaterInsuranceSecurityDoormanTV/CableExercise FacilitiesPoolExterior MaintenanceScavengerSnow RemovalInternet Built Before1978 YN Yes Can Owner Rent Unit YN Yes Corporate Limits Chicago Disability Access And Or Equipped No Financing Cash General Information Non-Smoking Building Master Association Fee Frequency Not Required Master Association Fee YN No Mls Actual Status Closed New Construction YN No Other Equipment TV-Cable Other Public School District 299 Ownership Condo Percent Owner Occupied 61 Pets Allowed Cats OK Pets Allowed YN Yes Rebuilt YN No Rehab Year 2016 Rural No Sewer Public Sewer Short Sale Not Applicable Special Listing Conditions None Tax Annual Amount 3488.8 Tax Year 2022 Total Numberof Unitsin Building 678 Township North Chicago Type Attached Single Type Attached CondoStudio Water Source Lake Michigan

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Streeterville Realty, LLC: 312-494-0490.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-04-22T08:33:40.79 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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