1233 S Wabash Ave

$1,790,000
Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Incredible opportunity to own or redevelop a historic, value-add property at the high-traffic corner of Wabash & Roosevelt in Chicago's vibrant South Loop. Formerly home to the iconic Wabash Tap and Koko Taylor's Blues Club, this three-story building offers approx. Ground floor is a fully built-out, second-generation bar/restaurant space with existing infrastructure, ideal for a new operator or concept. The upper floors are currently configured as apartments and can be converted into additional residential...Incredible opportunity to own or redevelop a historic, value-add property at the high-traffic corner of Wabash & Roosevelt in Chicago's vibrant South Loop. Formerly home to the iconic Wabash Tap and Koko Taylor's Blues Club, this three-story building offers approx. Ground floor is a fully built-out, second-generation bar/restaurant space with existing infrastructure, ideal for a new operator or concept. The upper floors are currently configured as apartments and can be converted into additional residential units, creative offices, or short-term rentals. Zoned DX-7, the site allows potential for residential, mixed-use, hospitality, office, or retail development. Located in a Transit-Oriented Development (TOD) area, the property benefits from reduced parking requirements and is just one block from the Roosevelt CTA station, which serves more than 3.8 million riders annually. It is also within walking distance to Grant Park, the Museum Campus, Soldier Field, and surrounded by high-density housing, Columbia College, and major retail including Jewel-Osco and Trader Joe's across the street. The building is ideal for developers or investors seeking a rare infill site with historic character, existing income potential, and major redevelopment upside. Ground floor restaurant space is also available for lease at $30/SF NNN. Don't miss this rare chance to own a piece of South Loop history with future-forward potential.
  1. Listed by Sharon Wong • Century 21 Realty Associates
    P: (312)-623-2823 sharon.wong@c21ra.com;sharon.wong@c21ra.com

Property Details for 1233 South Wabash Avenue

Area
CHI - Near South Side
Air Conditioning Type
Central Individual
Zoning
COMMR
LISTING UPDATED: 12/15/2025 12:07 AM

Property Details for 1233 South Wabash Avenue

StatusActive
MLS #12407752
Days on Market179
Taxes$23,667 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1910
Lot Size0.10 AC / 4,275 SF
CountyCook County

Location

Listing Courtesy of Century 21 Realty Associates
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Building Information for 1233 South Wabash Avenue

Stories3Residences1Year Built1910Lot Size0.10 AC / 4,275 SF

Payment Calculator

$10,817 per month

30 year fixed, 6.28% Interest

Principal and Interest

$8,845

Property Taxes

$1,972

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1233 South Wabash Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
Location and General Information
  • Geographic Locale: Downtown Chicago
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Estimated Tax/Sf: 2.86
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Circuit Breakers, Service - 101 to 200 Amps, Other
  • Heat/Ventilation: Other
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Other
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Lot Dimensions: PER SURVEY
  • Lot Size Square Feet: 4275.0
  • Stories: 3
  • Fire Protection: Other
  • Building Area Total: 9000
  • # Of Offices: 0
  • # Of Stores: 3
  • Property Sub Type: Mixed Use
Property and Assessments
  • Buyer Financing: Cash, Negotiable
  • Documents Available: Tax Bill
  • Public Document Count: 0
  • Photos Count: 1
  • Estimated Cam/Sf: 4
Miscellaneous
  • Location: Central Business District
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 1
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Known Encumbrances: None Known
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 1233 South Wabash Avenue

DateEvent & SourcePriceAppreciation
Dec 9, 2025

Price Change

MRED #12407752

$1,790,000
Jun 30, 2025

Listed (Active)

MRED #12407752

$1,900,000
Apr 22, 2025

Expired

MRED #12185504

$1,950,000
Oct 11, 2024

Listed (Active)

MRED #12185504

$2,600,000
Sep 8, 2021

Expired

MRED #10930262

$1,875,000
Jul 22, 2021

Listed (Active)

MRED #10930262

$2,400,000
DateEvent & SourcePrice
12/09/2025

Price Change

MRED #12407752

$1,790,000
06/30/2025

Listed (Active)

MRED #12407752

$1,900,000
04/22/2025

Expired

MRED #12185504

$1,950,000
10/11/2024

Listed (Active)

MRED #12185504

$2,600,000
09/08/2021

Expired

MRED #10930262

$1,875,000
07/22/2021

Listed (Active)

MRED #10930262

$2,400,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1233 South Wabash Avenue

Taxable ValueLand$119,574Additions$4,555Total$124,129
Tax Record2023$26,276 ($2,190 / month)
Home Facts
Total Finished SqFt1,700 SqFtAbove Grade Finished SqFt1,700 SqFtStories1Lot Size6,519 SqFtStyleMiscellaneous CommercialYear Built1989CountyCOOKAPN17-22-101-007

Schools near 1233 South Wabash Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 7 to 11
Public - 9 to 12
Rating
School
Distance
South Loop Elementary School
PublicPK to 8

Phillips Academy High School
Public9 to 12

Art in Motion Charter School
Charter7 to 11

York Alternative High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1233 South Wabash Avenue is a mixed use property for sale in Chicago, IL 60605. This property was listed for sale on June 30, 2025 by Century 21 Realty Associates, it's currently listed at $1,790,000. This listing's school district is Chicago Public Schools. Nearby schools include South Loop Elementary School, Phillips Academy High School and Art in Motion Charter School. 1233 South Wabash Avenue is a 0-bed, 0-bath, mixed use property built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Realty Associates

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/15/2025 12:07 AM. 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.