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1233 S WABASH AVE CHICAGO, IL 60605
- Other / Resale (MLS)
Property Details for 1233 S WABASH AVE, CHICAGO, IL 60605
Features
- Price/sqft: $195
- Lot Size: 4275 sq. ft.
- Total Units: 3
- Stories: 3
- Roof Type: Tar & Gravel
- Heating: 24
- Construction Type: Masonry
- Exterior Walls: Masonry
Facts
- Year Built: 01/01/1910
- Property ID: 918582930
- MLS Number: 12185504
- Parcel Number: 17-22-101-011-0000
- Property Type: Other
- County: COOK
- Legal Description: (COUNTY) (CLERKS) DIVN OF LT 1 OF BLK 10 OF ASSESSORS DIVN NW SEC 22-39-14
- Zoning: DX-7
- Listing Status: Active
Foreclosure Info
- REO Document Number: 2024.257.2010
- REO Recording Date: 2024-09-13 00:00:00.0
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. This value-add historic bar/restaurant property at the high-traffic Wabash and Roosevelt intersection offers significant potential with air rights and DX-7 zoning. Formerly the "Wabash Tap" and Koko Taylor's blues club, the 4,275 SF ground floor features a second-generation bar/restaurant space with substantial infrastructure for a new operator. The upper floors, already apartments can be converted into more apartments or office space. Zoned DX-7, the property allows for up to +/- 30,000 buildable SF, with potential for high-rise residential, mixed-use, hotel, office, or retail/restaurant development. Located in the vibrant South Loop/Museum Campus area, it's within walking distance to Grant Park, Soldier Field, museums, and Millennium Park's iconic "Bean." The location is easily accessible, with an L stop one block away and grocery stores (Jewel-Osco, Trader Joe's) across the street. Situated in a Transit-Oriented Development (TOD) area, it benefits from reduced parking requirements and is just one block from the Roosevelt CTA station, which serves 3.8 million riders annually. The property is available for sale, with ground floor and upper floors also available for your ideas to continue work on to rent out, immediately. The time is now!
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Property Brokerage:
Baird & Warner
318 W. Burlington Avenue
La Grange
IL
60525
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.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.