2010-2012 S. Wabash Ave.

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.

Investor Highlights

• 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.

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.

Contact agents Aaron Strauss, Craig Wolf or Dale Strauss for Financials.