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1421 South Wabash Avenue

1421 South Wabash Avenue, Chicago, IL 60605
Condo in South Loop
1 Units For Sale
Unit for sale at 1421 S Wabash Avenue, Chicago, IL 60605

$475,000

  • 2 Beds
  • 2 Baths
  • 1,700 ft²
1421 S Wabash Avenue #3W, Chicago, IL 60605 Listing by Matt Laricy

1421 South Wabash Avenue is a condo located in South Loop, Chicago.

Interested in learning more about the building? There are many great amenities and features for residents in the building. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! On weekends, residents can enjoy the building's deck. There are 5 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 326 days and tend to sell above the original asking price of $999,900 by 0.01%. Meaning, listings tend to sell at a median of $263 price per square foot. The transaction that took the longest to complete was unit 3E, listed on Jan 02, 2020 for $999,900. This particular unit ultimately sold 326 days later for $1,000,000. The most recent transaction was for unit 2P, sold for $477,500 on May 18, 2021. Fun fact, the oldest transaction we have on record took place on Mar 02, 2017. See the full transaction history for 1421 South Wabash Avenue below.

South Loop, where 1421 South Wabash Avenue is located, has a median asking price of $629,000 for condo buildings. Meanwhile, the building itself has a median asking price of $999,900. For interested buyers, that means the building's median asking price is around inf% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $475,000. It is a 1,700 sqft 2-bedroom and 2-bathroom unit.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230417 Unit 4W
04/17/2023
4W
3 Bed
3 Bath
2800 ft²
$749,000
bedrooms
3 Bed
bathrooms
3 Bath
square feet
2800 ft²
-
-
-
Nadine Ferrata
Compass
20191021 Unit 3E
10/21/2019
3E
5 Bed
4 Bath
3800 ft²
$1,025,000
bedrooms
5 Bed
bathrooms
4 Bath
square feet
3800 ft²
-
-
-
-

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,025
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HARRINGTONS ADDITION
  • Land Acres: 0.092
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : 1411 S MICHIGAN LLC
  • Previous Owner : BBC MICHIGAN AVENUE LLC
  • Owner Before Previous Owner: NATIONAL ASSOCIATION OF LETTER CARRIERS
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 330100

Geography

  • District: 76
  • Parcel: 17-22-108-008
  • Meridian: SEC 22 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8635
  • Longitude: -87.6236

    Address

  • Full Address: 1421 S Michigan Ave
  • Address - House Number: 1421
  • Street Direction: S
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C014
  • 4-Digit Zip Code: 2810
  • Zip Code: 60605

Valuation

    Tax

  • Tax Year: 2018
  • Tax Amount: $47,339
  • Tax Rate Code Area: 76001

    Appraisal Valuation

  • Standard Deviation: 0.1309
  • Valuation Date: May 06, 2020
  • Confidence Score: 73
  • Final Value: 1,513,890
  • High Value: 1,712,185
  • Low Value: 1,315,594

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $76,250,000
  • First Open Lien Mortgage Lender: AREEIF LENDER LLC
  • First Open Lien Mortgage Recording Date: Dec 19, 2019
  • First Open Lien Mortgage Loan Amount: $76,250,000
  • First Open Lien Mortgage Term: 24
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jan 05, 2022

    Market Valuation

  • Market Total Value: $2,396,490
  • Market Land Value: $301,870
  • Market Improvement Value: $2,094,620

    Assessments Valuation

  • Assessed Year: 2018
  • Assessed Total Value: $239,649
  • Assessed Land Value: $30,187
  • Assessed Improvements Value: $209,462

    Sales

  • Current Sale Contract Date: Mar 27, 2015
  • Current Sale Recording Date: Apr 28, 2015
  • Current Sale Transaction ID: 1213473719
  • Current Sale Price: $5,650,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1511822074
  • Previous Sale Recording Date: Oct 18, 2012
  • Previous Sale Contract Date: Oct 03, 2012
  • Previous Sale Amount: $3,128,000
  • Previous Sale Document Type: Special Warranty Deed

About Central Chicago



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Frequently Asked Questions

What neighborhood is 1421 South Wabash Avenue located in?
The 1421 South Wabash Avenue is a condo located in the neighborhood of South Loop in Central Chicago, Chicago.
How many listings are currently for sale in 1421 South Wabash Avenue?
There is a listing currently on the market for sale.
What is the average sales price for listings in 1421 South Wabash Avenue?
The average sales price for units in 1421 South Wabash Avenue is $999,900 , or $263/sqft. currently.

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