2010 S Wabash Avenue
Chicago, IL, 60616
$3,200,000
Beds
0 Baths
0 SqFt
0 Acres
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MLS #MRD12439561 image #0
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.

Property Details

Price:
$3,200,000
MLS #:
MRD12439561
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chinearsouthside
Listed Date:
Aug 6, 2025
Total Sq Ft:
20,438
Year Built:
2002
Chi – Near South SideChinearsouthside

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Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick
Stories
4

Financial

Tax Year
2023
Taxes
$50,440

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of May 16, 2026
899
Commercial Listed
190
Avg DOM
$1,023,221
Avg List Price

Property Summary

    2010 S Wabash Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60616. It is listed for $3,200,000

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