405 N WABASH Avenue #2512
Chicago, IL 60611

***GREAT INVESTMENT OPPORTUNITY WITH A LONG-TERM TENANT & Long term Lease, good rent until March 2026 *** Rare opportunity to purchase an East Facing Jr. 1 Bedroom with views of the Iconic Wrigley Building and Chicago River. This sun drenched unit is located in the very popular River North neighborhood. As you walk into the unit you will notice the open layout ready to enjoy and entertain. The kitchen has an open layout that has great storage and seating/counter area for all to gather. The living room windows extend out to provide southern views of the river and iconic Chicago. The bedroom/sleeping area is separated with Double Sliding Doors for privacy and flexibility. Great flexibility to open living room & Bedroom for a vast open space. Updated bathroom with ample storage and counter space. This unit also offers TONS of closet space. *** THIS IS A GREAT INVESTMENT OPPORTUNITY. LONG TERM TENANT OF OVER 10 YEARS. Just signed an extension until MARCH 2026, so no Vacancy or prep expenses for 2 years. Tenant always renews for 2 years and would like to stay long term. Assessments include heat, air, water, cable & hi-speed internet. Amenities included and offered by the building - 24-hour door staff, on-site management & 24-hour maintenance, 24-hour 3000+sqft plus fitness center with newer Lifetime Fitness equipment, a 20-meter 4 lap heated indoor pool open yearlong, hot tub, sun deck, hospitality room, package room and on-site laundry with smart app. Wi-Fi in all common areas. Owner Occupancy is over 60% and reserves are just over $3 million. There is no rental cap, min 1 year lease per association rules. River Plaza is located in the mix of everything. You are walking distances away from the Chicago River, Mag Mile, Downtown, Great Dining, Night life and so much more.