Price Reduction
Address
1301 S Wabash Avenue, Chicago, IL
Price
$ 3,950,000
Property Attributes
  • MLS#11225213
  • TypeCommercial
  • CountyCOOK
  • CityChicago
  • AreaCHI - Near South Side
  • Zip60605
  • Style
  • Year Built1930
  • Taxes$ 23610
  • Price$ 3,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage19072
  • Lot Size9,390 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description

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.

Price History
9/21/2021 Listed $5,000,000
3/28/2022 2% - $4,900,000
6/23/2023 7% - $4,600,000
11/14/2023 9% - $4,200,000
4/4/2024 6% - $3,950,000

General Features

Cooling Central Air
Roof Rubber
Year Built 1930
Electric Circuit Breakers
Tenant Pays Varies by Tenant
Stories 2
Property SubType Mixed Use
Tax Year 2019
County Cook
Insurance Expense 8000
Property Type Commercial Sale
Status Active
Directions Roosevelt East to Wabash South to property
City Chicago
Total Units 3
MLS Area CHI - Near South Side
Lot Size Square Feet 9390
Street Name Wabash
Tax Annual Amount 23610
Electric Expense 1200
Fuel Expense 1200
Water Sewer Expense 3000
Additional Parcels Y/N No
Days on Market 933
Standard Status Active
Property Type Mixed Use

Interior Features

Street Suffix Avenue

Exterior Features

Building Area Total 19072
Lot Dimensions 55 BY 170.9
Exterior Brick

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60605

Price
AVG $480K
$3.95M
Taxes
AVG $35,682
$23,610
Visits
AVG 146
609
Data Provided by Inside Real Estate®
Year Built
AVG 1948
1930
Walkscore
AVG 95
95
Data Provided by Walkscore® not using MLS data

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