2008 S. Wabash Ave 2008-2010 S Wabash Ave 8 Unit Apartment Building $3,200,000 ($400,000/Unit) 6.64% Cap Rate Chicago, IL 60616

Strauss Realty, Ltd. has been exclusively engaged to market for sale 2010–2012 S. Wabash Avenue, a fully-occupied, 20,438 square foot mixed-use property located in Chicago’s South Loop. The asset consists of two retail units totaling 9,581 rentable square feet — including a 4,335 SF street-level storefront and 5,246 SF of functional basement retail — along with six renovated apartment units above. The property also includes an 8-car garage, enhancing convenience and value for tenants. It is being offered at a 6.64% capitalization rate based on in-place net operating income of $212,589, with stabilized cash flow and no current vacancy. The residential units feature modern finishes such as granite countertops, stainless steel appliances, and in-unit washer/dryers. Units 2F, 3F, and 4F were renovated in 2023, while the remaining apartments were updated in 2017. The building’s mix of retail and residential uses, coupled with recent capital improvements, positions it as a low-maintenance investment with long-term upside in one of Chicago’s most active development corridors. Located in the heart of the South Loop, the property is surrounded by key landmarks including Wintrust Arena, McCormick Place, Essex on the Park, and the city’s renowned Museum Campus. Within a mile of five CTA train lines and several major bus routes — and less than 10 miles from both O’Hare and Midway Airports — the location offers unmatched connectivity. With its durable in-place income, high-visibility retail, and continued neighborhood growth, 2010–2012 S. Wabash presents an exceptional opportunity for investors seeking stability and appreciation potential in a core urban submarket.