163 W Division Street, Chicago, IL, 60610

$3,275,000

About 163 W Division Street

Portfolio investment comprised of 5 apartment units and 2 Commercial Condos. Perfect for long term investor or 1031 Exchange. Positioned at the intersection of the Gold Coast and Old Town - two of Chicago's most coveted submarkets, this offering at 163 Division Street represents a rare opportunity to acquire a scaled, mixed-use asset in the heart of these neighborhoods. The portfolio consists of five fully furnished residential condominium units and two street-level commercial spaces, collectively comprising significant ownership percentage of the condominium association-providing meaningful influence over governance and long-term asset strategy. With limited remaining development parcels in the immediate vicinity, the property offers both durable in-place income and compelling embedded land value. The commercial component, totaling approximately 1,560 square feet, is a busy Asian Wok sit-in and take out restaurant. The residential units-comprising a mix of one- and two-bedroom layouts. This dual-income stream provides diversification across tenant profiles and revenue sources.

Additional Information: This property is located in the CHI - Near North Side neighborhood, IL. This bedrooms mixed use property is priced at $3,275,000.

Facts & Features

MLS® # 12623413
Price $3,275,000
Bathrooms 0.00
Taxes $84,037
Year Built 1973
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 163 W Division Street
Area CHI - Near North Side
City Chicago
County Cook
State IL
Zip Code 60610

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Wall Sleeve
Fireplace No
Has Basement No

Additional Information

Days on Market 121
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $84,037

Listing Details

OfficeBaird & Warner

Listing Map

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