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.
Features of 163 W Division Street
| MLS® # | 12623413 |
|---|---|
| Price | $3,275,000 |
| Bathrooms | 0.00 |
| 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 |
Listing Details
| Office | Baird & Warner |
|---|