Chicago, IL 60616 2010 S Wabash Avenue
$3,200,000



1 more


Presented By: Strauss Realty Ltd
Home Details
Strauss Realty, Ltd. is pleased to exclusively present 2010-2012 S. Wabash Avenue, a prime 20,438 SF mixed-use property located in the heart of Chicago's dynamic South Loop. This fully-occupied asset includes 6 residential apartments, along with two retail spaces totaling 9,581 RSF (featuring a 4,335 SF street-level storefront and an additional 5,246 SF of usable basement retail). An 8-car garage provides added convenience and tenant appeal. Offered at a 6.64% cap rate based on in-place NOI of $212,589, this stabilized property delivers strong cash flow with zero current vacancy. The renovated residential units include granite countertops, stainless steel appliances, and in-unit laundry. Units 2F, 3F, and 4F were updated in 2023 and the remaining units were renovated in 2017. Recent capital improvements and a balanced unit mix make for a low-maintenance, high-performing asset. Located near Wintrust Arena, McCormick Place, Essex on the Park, and the Museum Campus, the property benefits from exceptional visibility and accessibility. Within a one-mile radius of five CTA train lines and major bus routes - and under 10 miles to both O'Hare and Midway - this South Loop location continues to see strong development and demand. 2010-2012 S. Wabash Avenue offers investors a rare opportunity to acquire a fully-leased, income-producing asset in a premier urban corridor with long-term growth potential.
Presented By: Strauss Realty Ltd
General for 2010 S Wabash Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
Directions18th Street to Wabash, South to address
ElectricOther
Electric Expense999
Fuel Expense999
Gross Income999
Insurance Expense999
Lot Size Square Feet4250
MLS AreaCHI - Near South Side
ModificationTimestamp2025-08-12T05:06:05.330Z
Number Of Units Total8
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories Count4
Tax Annual Amount50440
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
TownshipSouth Chicago
Trash Expense999
Water Sewer Expense999
Year Built2002
ZoningCOMMR
Exterior for 2010 S Wabash Avenue
Building Area Total20438
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions30X150
Additional Details
Price History
