1345 Wabash located in Chicago.

The Chicago real estate market continues to show strong signs of recovery and investor demand for high quality builds remains strong. Located in Chicago’s growing South Loop neighbourhood, 1345 South Wabash is perfectly placed to take advantage of the fastest growing downtown centre in the US.

The South Loop has come to be recognised as one of Chicago’s most up-and-coming residential areas, offering residents an attractive compromise between the business focus of the Loop and the lifestyle-oriented northern suburbs. Prices in the South Loop compare very favourably with Chicago’s other prime investment districts, and 1345 South Wabash in particular offers excellent value and return prospects – the typical price per square foot of local developments is up to twice as much as 1345 South Wabash. The low entry price of this development offers a low-risk route into another part of the Chicago market that is really beginning to perform.


1345 South Wabash Essentials

- Modern new-build condominium development

- 1 & 2 bed units

- sizes ranging between 728-1123 sqft

- Easy transport access - Roosevelt station near-by

- Private parking available

- Freehold title

- 50% LTV financing available

- Yields up to 8.2% (gross)

- Average price per sqft of USD350

- Prices starting at USD249,900

Location Map (Google Map link: https://goo.gl/maps/rvslo)

South Loop Investment Case

The South Loop is now one of Chicago’s fastest growing neighbourhoods and was recently named one of the city’s best areas in which to live by Chicago Magazine. The massive regeneration drive that continues to this day has seen the South Loop residential population grow by 80% since 2000.

The district is home to a wide range of amenities that appeal to Chicago residents, from grocery stores, bars and restaurants to the area’s five schools and universities. There are landmarks such as the Field Museum of Natural History and the Shedd Aquarium, not to mention Soldier Field, home of the NFL’s Chicago Bears. This part of Chicago also enjoys unrivalled access to Grant Park and the other sights of the Lake Michigan shorefront.

The South Loop condo market presents a very interesting case for investors. Performance over the last couple of years has outstripped that of more popular downtown areas such as the Loop and the Near North, as well as beating the citywide average with prices remaining 26% below peak.

This market consistently delivers investment yields that significantly outperform those achievable in other US and world markets. Average yields in Manhattan have now dropped as low as 2.7% in the wake of the astronomical price rises the island has seen in recent years, while other major US cities such as Los Angeles, San Francisco and Boston are typically delivering somewhere around the 5% mark. In Chicago investors can expect yields of around 8%, making cashflow-positive investment very achievable.

A further point in Chicago’s favour is the city’s tax environment. When compared to New York, investors in Chicago can benefit from lower transfer tax rates on both entry and exit, as well as lower income tax and capital gains tax rates, with only a slightly higher rate of property tax in return. Entry costs are lowered even further by Chicago’s lack of a mortgage recording tax.

Nathan Cheung
Account Manager

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