South Loop Apartments

1521 S Wabash Ave, Chicago, IL 60605

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Colleen Carter
Rent Beds Baths SqFt
Call for Rents 1 Bed 1 Bath -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

South Loop Apartments offer 207 affordable single room occupancy apartments with a community-based job training and employment center.  This community also offers  case management services working in partnership with residents to identify skills and abilities that promote personal growth and healthy, independent lifestyles.

Dave's Thoughts On South Loop Apartments

Because South Loop Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

South Loop Apartments Amenities

  • Computer Lab
  • Library
  • Community Garden
  • Laundry Facilities
  • On-Site Laundry
  • Community Kitchen

Units at South Loop Apartments

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price

Income Qualification for South Loop Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
50% AMI for LIHTC Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year $59,600 / year $64,000 / year $68,400 / year $72,800 / year
50% AMI for PBRA Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year $59,600 / year $64,000 / year $68,400 / year $72,800 / year
60% AMI for LIHTC Units $46,380 / year $52,980 / year $59,580 / year $66,180 / year $71,520 / year $76,800 / year $82,080 / year $87,360 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for South Loop Apartments

Does South Loop Apartments have a waiting list?

South Loop Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at South Loop Apartments?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges South Loop Apartments?

South Loop Apartments is managed by Mercy Housing headquartered in Denver, Colorado.

In addition to South Loop Apartments, how many other affordable housing properties (and units) are there in Chicago?

In addition to South Loop Apartments, we list 763 other affordable properties in Chicago. Learn about these properties here. Our data research shows that there are a total of 83842 affordable units in Chicago.

Listings Near South Loop Apartments

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bed Studio-2
payment $1084-1498/mo.

Northpoint Apartments

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bed 1-4

Clarendon Courts Apartments

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bed Studio-1

El Zocalo

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bed 1-3

Margot And Harold Schiff Residences

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bed 1

Continental Plaza Apartments

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bed 1-3
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.