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0 Beds
20,438 sqft

$3,200,000

2010 S Wabash Avenue, Chicago IL, 60616

Price per sqft$156.57
Built in2002
Property size20,438 sqft
Property typeOther
Listed by Craig Wolf with Strauss Realty Ltd 773-736-3600

Overview

Active

Listed Aug 6, 2025

Updated Aug 4

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.

$21,290/mo

Est. mortgage payment based on a $3,200,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12439561

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Taxes
$50,440
Tax Frequency
Annually
MLS provider logo

Listed by Craig Wolf with Strauss Realty Ltd 773-736-3600

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Data is refreshed every 3 hours. Listing last updated 7:34 AM UTC on 8/4/2026. 

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