Hedge against rent increases with a new South Loop condo

Run the rent vs own calculations on purchasing a new move-in ready South Loop condo at 1345 Wabash, and purchasing looks very attractive. Even on a pre-tax basis, monthly ownership costs are lower than rent.

One-bedrooms at 1345 Wabash start at $229,900 and two-bedrooms at $289,900.

The minimal-amenity approach at the architecturally distinctive high-rise contributes to low monthly maintenance fees at the outset, and over the years. A 30-year fixed-rate mortgage locks in most of your monthly costs, or opt for a lower-cost variable-rate mortgage to reduce your monthly outlays.

The units at 1345 Wabash have a loft aesthetic with high ceilings, hardwood floors, exposed concrete ceilings and beams, open spaces, large windows, private balconies and upgraded designer finishes.

1345 Wabash has a stellar South Loop location, with destination restaurants on the same block and scores more within a few minutes’ walk. Jewel-Osco and Trader Joe’s are a block north and Grant Park is a block further east. The CTA transit hub on Roosevelt Road is just over a block north.

The 1345 Wabash sales center is open on-site, and furnished models are available for viewing.

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