Investment Opportunity or Start Home in the Heart of River North! Located at 405 N. Wabash Ave, this one-bedroom condo in the desirable River Plaza building offers an incredible opportunity for a savvy investor or a first-time buyer ready to create their dream home. This spacious 890 square foot unit is being sold as-is, providing a blank canvas for your vision. The living and bedroom have carpeting, while the open kitchen has vinyl tile, white appliances, and a mirrored backsplash. The bathroom includes ceramic tiles and tan tiles around the tub, with a large vanity and mirror. The bedroom is generous in size and has a walk in closet. Great Building Amenities & Prime Location: River Plaza is a full amenity building that makes city living enjoyable: -24 hour door staff -On-site management and maintenance -24 hour fitness room -Indoor pool and hot tub -Outdoor sundeck -Package room -Hospitality room -On-site laundry with app feature Monthly HOA fees cover heat, air, water, cable, internet, and trash. The building financials are $1.7 million in reserves and is 62% owner-occupied. For investors, this building has no rental cap or restrictions, only requiring a one year minimum lease. Located steps from the Chicago River, Wrigley Building, Magnificent Mile, and some of the city's best dining and entertainment, this unit offers the best of city living. Don't miss out on this amazing opportunity.
Property Features
Bedrooms
- Bedrooms: 1
- Bedrooms Possible: 1
- Primary Bedroom Dimensions: 16' x 12'
- Primary Bedroom Level: Main
Other Rooms
- Total Rooms: 4
- No additional rooms
- Living Room Dimensions: 24' x 14'
- Living Room Level: Main
- Exercise Room: Yes
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Appliances
- Range
- Microwave
- Dishwasher
- Refrigerator
- Wine Refrigerator
- Laundry Facilities: Common Area
- Laundry Features: Common Area
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Forced Air
- Heating: Yes
Interior Features
Kitchen and Dining
- Dining Room Level: Main
- Kitchen Dimensions: 10' x 9'
- Kitchen Level: Main
Land Info
- Additional Parcels: No
- Lot Size Dimensions: CONDO
Garage and Parking
- Parking Features: Circular Driveway, On Site, Deeded, Attached, Garage
Homeowners Association
- Association: Yes
- Association Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Elevator(s), Exercise Room, On Site Manager/Engineer, Party Room, Sundeck, Indoor Pool, Receiving Room, Restaurant, Security Door Lock(s), Laundry
- Association Fee: 680
- Association Fee Frequency: Monthly
- Association Fee Includes: Heat, Air Conditioning, Water, Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal, Internet
- Calculated Total Monthly Association Fees: 680
- Pets Allowed: Cats OK, Number Limit, Size Limit
- Cats Allowed: Yes
School Information
- Elementary School District: 299
- High School District: 299
- School District: 299
- Middle or Junior School District: 299
Amenities and Community Features
- Bike Room/Bike Trails
- Door Person
- Coin Laundry
- Elevator(s)
- Exercise Room
- On Site Manager/Engineer
- Party Room
- Sundeck
- Indoor Pool
- Receiving Room
- Restaurant
- Security Door Lock(s)
- Laundry
- Doorman: Yes
Other Property Info
- Annual Tax Amount: 3720
- Source Listing Status: Active
- County: Cook
- Directions: Located on Wabash. From Grand go South on Wabash.
- Tax Year: 2023
- Ownership: Condo
- Source Property Type: Residential
- Area: CHI - Near North Side
- Property Subtype: condo
- Source Neighborhood: CHI - Near North Side
- Parcel Number: 17101320371044
- Township: North Chicago
- Management Company: Community Specialist
- Property Subtype: Attached Single
Building and Construction
- Total Square Feet Living: 890
- Year Built: 1978
- Building Exterior Type: Concrete
- Construction Materials: Concrete
- Entry Level: 3
- Living Area Source: Estimated
- Structure Type: Condo, High Rise (7+ Stories)
- Total Area Sqft: 890
Utilities
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water Source: Lake Michigan
Accessibility Features