111 N Wabash Avenue 1114-1116, Chicago, IL 60602

$2,310,000

bedrooms

bathrooms

square feet

259,000

Acreage

Open Houses

year built

1922

Full Baths

Half Baths

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Don't miss this investment opportunity in the iconic and historic Garland building. This is a great 1031 exchange opportunity. The portfolio consists of 2 units that are diversified under 2 separate leases/tenants. This is an armchair investment with maintenance taken care of by the HOA and by the tenants. The portfolio is positioned to trade at a 6.73 cap rate at the list price. With predetermined rent escalations built into the leases the return will increase over time. The tenants are well established medical businesses with significant lease term remaining. One of the tenants is a credit tenant with a lease in place until 2034 and options to extend. This is a premier location in the heart of Chicago's Loop. Close to everything including Michigan Avenue, restaurants, retail, Millenium Park and the lakefront. There is valet parking available. Call for a copy of the rent roll. See MLS #11955198 for Units 810, 2102, 2103 or MLS #11954596 for Units 810, 2102, 2103, 1114 and 1116 combined.

Location
Subdivision	-
County	Cook
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: 12294330

Listing agent: Charles Kirkwood

Listing broker: Honig Realty, Inc. (Dba. Coldwell Banker Honig-Bell) (815) 553-2406

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 22 2025 at 2:52 p.m. EDT

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