Prime River North Pied-A-Terre Awaits: Studio Investment in the River Plaza building. FOR INVESTMENT ONLY until September 2024: This unique studio condo in the heart of River North offers the perfect blend of urban living and savvy financial opportunity. Nestled within the River Plaza building at 405 N. Wabash Ave, this compact gem awaits you. This is ideal for discerning investors seeking great rental income. Ideal for individuals craving a vibrant city hub or savvy second-home buyer desiring a chic Chicago escape or for an investment. Enjoy the fact that you are steps from vibrant bars, renowned restaurants, and world-class shopping. Minutes from the Riverwalk and so much more. This unit offers an efficient layout that has a built-in Murphy bed, and separate alcove space that can be used as a work area, bedroom or whatever your needs may be. This functional layout is 550 sq ft and has an updated bathroom with a standalone shower and walk-in closet. The River Plaza building is a 51-story condo building situated in the heart of River North, offering city views and unparalleled access to everything Chicago has to offer. River Plaza residents benefit from a full amenity building that includes a 24-hour doorman, fitness center, indoor pool & hot tub, sun deck, hospitality room, and more. The building has no rental caps or rental restrictions. The building will need a 1-year lease agreement at the min. The owner occupancy is 63% and building reserves are over 3 million dollars. Embrace the dynamic energy of River North. Don't miss your chance to invest in this River North condo! Motivated Seller and also has parking for sale at $34, 000-PS: D20.
Property Features
Bedrooms
Other Rooms
- Total Rooms: 3
- Living Room Dimensions: 19 x 12
- Living Room Level: Main
- Exercise Room: Yes
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Appliances
- Yes
- Laundry Features: Common Area
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Forced Air
Kitchen and Dining
- Dining Area Level: Main
- Kitchen Dimensions: 7 x 9
- Kitchen Level: Main
Garage and Parking
- Driveway: Concrete, Circular
- Garage Spaces: 1
- Garage Description: Detached
- Garage Features: Transmitter(s), Heated
- Parking Total: 1
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, Business Center, Laundry, Security
- Association Fee: 396
- Association Fee Frequency: Monthly
- Association Fee Includes: Heat, Air Conditioning, Water, Insurance, Doorman, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet
- Calculated Total Monthly Association Fees: 396
- Pets Allowed: Cats OK, Number Limit
- Cats Allowed: Yes
School Information
- Elementary School District: 299
- High School District: 299
Amenities and Community Features
Other Property Info
- Annual Tax Amount: 2882.24
- Source Listing Status: Pending
- County: Cook
- Directions: Between Grand St and The River On Wabash. Park in the driveway for 20 mins.
- Tax Year: 2022
- Ownership: Condo
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: River Plaza
- Parcel Number: 17101320371226
- Subdivision: River Plaza
- Township: North Chicago
- Management Company: Community Specialist
- Property Subtype: Attached Single
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 545
- Year Built: 1977
- Property Age: 47
- Levels or Stories: 51
- Structure Type: Condo, High Rise (7+ Stories), Studio
Utilities
- Sewer: Public Sewer
- Water Source: Lake Michigan