2010 S Wabash Ave

$3,200,000
Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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,...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 for 2010 South Wabash Avenue

Area
CHI - Near South Side
Township
South Chicago
Air Conditioning Type
Central Air
Zoning
COMMR
LISTING UPDATED: 08/12/2025 12:06 AM

Property Details for 2010 South Wabash Avenue

StatusActive
MLS #12439561
Days on Market157
Taxes$50,440 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built2002
Lot Size0.10 AC / 4,250 SF
CountyCook County

Location

Listing Courtesy of Strauss Realty Ltd
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Building Information for 2010 South Wabash Avenue

Stories4Residences8Year Built2002Lot Size0.10 AC / 4,250 SF

Payment Calculator

$20,016 per month

30 year fixed, 6.28% Interest

Principal and Interest

$15,812

Property Taxes

$4,203

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2010 South Wabash Avenue

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Downtown Chicago
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Other
  • Heat/Ventilation: Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 6
  • Misc Outside: Balcony/ies
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: 7-15 Years
  • Lot Dimensions: 30X150
  • Lot Size Square Feet: 4250.0
  • Stories: 4
  • Construction: Brick
  • Fire Protection: Other
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 20438
  • # Of Offices: 0
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 6
Miscellaneous
  • Location: Central Business District,Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $999.00
  • Fuel Expense: $999.00
  • Gross Income: $999.00
  • Gross Scheduled Income: $999.00
  • Insurance Expense: $999.00
  • Total Monthly Income: 999
  • Other Expense: $999.00
  • Trash Expense: $999.00
  • Water Sewer Expense: $999.00

Property History for 2010 South Wabash Avenue

DateEvent & SourcePriceAppreciation
Aug 6, 2025

Listed (Active)

MRED #12439561

$3,200,000
Apr 18, 2023

Cancelled

MRED #11385783

$2,900,000
Apr 26, 2022

Listed (Active)

MRED #11385783

$2,900,000
Apr 26, 2022

Cancelled

MRED #11268260

$2,550,000
Nov 11, 2021

Cancelled

MRED #10562505

$2,550,000
Nov 11, 2021

Listed (Active)

MRED #11268260

$2,550,000
Jan 1, 2021

Listed (Active)

MRED #10562505

$2,695,000
DateEvent & SourcePrice
08/06/2025

Listed (Active)

MRED #12439561

$3,200,000
04/18/2023

Cancelled

MRED #11385783

$2,900,000
04/26/2022

Listed (Active)

MRED #11385783

$2,900,000
04/26/2022

Cancelled

MRED #11268260

$2,550,000
11/11/2021

Cancelled

MRED #10562505

$2,550,000
11/11/2021

Listed (Active)

MRED #11268260

$2,550,000
01/01/2021

Listed (Active)

MRED #10562505

$2,695,000

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

Public Records for 2010 South Wabash Avenue

Taxable ValueLand$63,750Additions$170,623Total$234,373
Tax Record2023$49,613 ($4,134 / month)
Home Facts
Baths2.5Total Finished SqFt14,523 SqFtAbove Grade Finished SqFt14,523 SqFtStories4Lot Size8,500 SqFtStyleStoresYear Built1888CountyCOOKAPN17-22-311-018

Schools near 2010 South Wabash Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 6 to 12
Charter - 6 to 12
Rating
School
Distance
National Teachers Elementary Academy
PublicPK to 8

Phillips Academy High School
Public9 to 12

Perspectives Charter - Joslin Campus
Charter6 to 12

Perspectives Charter High School
Charter6 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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2010 South Wabash Avenue is a mixed use property for sale in Chicago, IL 60616. This property was listed for sale on August 6, 2025 by Strauss Realty Ltd, it's currently listed at $3,200,000. This listing's school district is Chicago Public Schools. Nearby schools include National Teachers Elementary Academy, Phillips Academy High School and Perspectives Charter - Joslin Campus. 2010 South Wabash Avenue is a 0-bed, 0-bath, mixed use property built in 2002.

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 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 Strauss Realty Ltd

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 08/12/2025 12:06 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.