2010 S Wabash Avenue, Chicago, IL 60616

2010 S Wabash Avenue, Chicago, IL 60616

0 beds 0 baths 0 Sqft

Listings courtesy of Strauss Realty Ltd as distributed by MLS GRID.

Overview Neighborhood Amenities Price details

$3,200,000 Earn $64,000

282 days on Market

$3,200,000

Credit Back up to $64,000*

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Description:

Active - Mixed Use for sale

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.

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Listing Agent:

- Listed by: Craig Wolf

- Brokered by: Strauss Realty Ltd • 773-736-3600

- Co-listed by: Aaron Strauss • Aaron Strauss

- Co-Brokered by: Strauss Realty Ltd • (773) 736-3600

- Source: MRED as distributed by MLS GRID

- MLS Number: 12439561

- MLS Last Updated: May 14, 2026 at 10:19am EDT

Location

* School data provided by National Center for Education Statistics, and GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data. To verify enrollment eligibility, contact the school or district directly.

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Facts and features:

Furnished: Unfurnished

Status: Active

Listed Date: 08/05/2025

Days On Market: 282

Lot Size (Square Feet): 4250

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Structure:

Year Built: 2002

Construction Materials: Brick

Cooling: Central Air

Foundation Details: Concrete Perimeter

Tax:

Parcel Number: 17223110170000

Zoning: Commr

Score:

-chicago-for-sale-2010 s wabash avenue, chicago, il 60616-MRED12439561

Mortgage All cash

Monthly expenses $24,675

Property Tax $4,203

HOA Fee $0

Homeowners Insurance $853

Due at Close $3,088,000

List price $3,200,000

Closing costs $48,000

beycome Pre-paid title: $99Discover Title Services

beycome Credit Est. $64K

Disclaimer

Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Midwest Real Estate Data may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved. Based on information submitted to the MLS GRID as of May 14, 2026 at 10:19am EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

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