Corner High-Rise Condo Just Closed in South Loop: 1111 S Wabash Ave Unit 2210, Chicago, IL 60605

We are thrilled to announce that just closed 1111 S Wabash Ave Unit 2210, Chicago, IL 60605 at a final sale price of $440,000, representing another successful close for the Option Premier team in the heart of the South Loop. This sun-filled, 2-bed/2-bath corner residence on the 22nd floor of one of the neighborhood's premier luxury high-rises officially transferred ownership on July 29, 2026, and the transaction tells a compelling story about what today's Chicago condo buyers are prioritizing.

What Made This South Loop Corner Unit Stand Out

Not every listing grabs attention from the first showing, but Unit 2210 at 1111 S Wabash had a few qualities working strongly in its favor. Corner residences at this elevation are genuinely rare. The split-bedroom floor plan separated the primary suite from the second bedroom, giving both occupants meaningful privacy. That kind of thoughtful layout is something downtown condo buyers actively search for, and it is increasingly hard to find in older inventory.

The unit itself had been owned by a single resident for seven years, and it showed. The home felt remarkably fresh, lightly lived-in, and move-in ready without the cost of a full renovation. The kitchen featured stainless steel appliances, granite countertops, and generous workspace. Expansive windows wrapped around both sides of the corner, flooding the interiors with natural light throughout the day. A private balcony offered outdoor space with a genuine urban garden feel, which is a real luxury at this price point in the South Loop.

The building's amenities added meaningful value as well. Residents enjoy 24-hour door staff, an outdoor pool, and professional management backed by a financially sound association. For buyers who want the full downtown lifestyle without the maintenance demands of a house, this kind of building is exactly the target.

The Numbers Behind the Close

The final sale price was $440,000, closed on July 29, 2026. A dedicated parking space, number 136, was available as an add-on at $25,000. HOA dues came in at $803 per month, plus $77 per month for cable services. The 2024 property taxes were $8,210 with no exemptions applied, which is a number buyers should factor carefully into their monthly cost calculations.

One detail worth flagging: the building has reached its rental cap, meaning no investor purchases are permitted at this time. That is an important consideration for anyone researching 1111 S Wabash as a potential investment property. The Chicago Department of Housing maintains active policies around rental caps in condominium associations, and they can shift over time as units turn over.

For buyers strictly looking for a primary residence, the rental cap actually works in their favor. It protects the owner-occupancy ratio, which keeps FHA and conventional financing more accessible and typically stabilizes property values within the association.

Brian Caron and The Cory Tanzer Group at Option Premier

This transaction was represented by Brian Caron, a broker with The Cory Tanzer Group at Option Premier. Brian can be reached directly at (312) 802-8095 or briancaron@optionpremier.com. The Cory Tanzer Group operates under Option Premier LLC, the full-service independent brokerage headquartered at 1021 W Adams St, Suite 200, Chicago, IL 60607.

The group has built a strong reputation across the South Loop and surrounding downtown neighborhoods, with a consistent record of closing both sales and rentals. If you follow our blogs, you already know we cover neighborhood closings and market activity across Chicago regularly. A recent example is the high rise condo just rented in south loop 1400 s michigan ave unit 1110 chicago il 60605, which shows just how active this corridor has been for our team.

What This Closing Says About the South Loop Market

The South Loop has continued to attract buyers who want density without chaos, walkability without tourist congestion, and genuine urban living without the premium price tags of the Gold Coast or River North. According to Redfin's Chicago market data, the South Loop has remained one of the more competitive sub-markets in the city for condos in the $350,000 to $500,000 range.

Closing a corner unit at $440,000 in a building with strong financials and 24-hour door staff is a meaningful data point. It tells us that well-maintained, single-owner inventory with real lifestyle amenities is still moving confidently. Buyers are doing their homework on HOA finances and rental caps before making offers, and that due diligence is producing faster decisions rather than slower ones.

It is also worth connecting this to the broader neighborhood context. The South Loop sits near Grant Park, Museum Campus, and the lakefront, giving residents access to green space and cultural institutions that most other urban neighborhoods cannot match at the same price point.

Find Out What Your Chicago Condo Could Sell For

If this closing has you thinking about what your own property might be worth right now, our free home valuation tool gives you a market-based estimate in minutes. The South Loop condo market is active, and well-presented inventory at the right price is still generating strong buyer interest.

Reach out to our team at Option Premier directly by calling (312) 500-5808 or emailing info@optionpremier.com. We work with buyers, sellers, investors, and relocation clients across Chicago and the surrounding suburbs, and we bring the same level of detail and local knowledge to every transaction.

Contact Brian Caron at (312) 802-8095 or briancaron@optionpremier.com to discuss listings in the South Loop or learn more about what comparable units are doing in today's market.

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Ready to Work With a South Loop Expert?

When people search for the “Best Realtor to Hire in South Loop, Chicago”, they are looking for local expertise, visibility, and proven neighborhood focus. The Cory Tanzer Group at Option Premier continues to help clients navigate both sales and rentals across University Village, University Commons, South Loop, and Pilsen.

Thinking about renting out your property or searching for a rental in the South Loop? Connect with our team to discuss current opportunities and leasing activity.