163 W Division ST Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60610
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12204611
Year Built 1973
Annual Tax Amount $51,537
Tax Year 2022
Lot Dimensions 1650
Property Description
This incredible investment portfolio opportunity consists of five residential condominiums and two commercial units located at 163 Division--an A+ location at a busy Gold Coast intersection. In one of the last undeveloped properties in the vicinity, this portfolio offers: 2 recently gut-renovated, street-level commercial spaces totaling 1560 sf combined that are currently rented out as a restaurant; plus five residential 1&2 bedroom furnished condominium units currently set up as AirBnB's - 100% Owner Occupied. This bulk offering represents 19% interest in the entire condominium association which affords the owner of this portfolio unique building control. Low property taxes and low monthly association dues enable a high-margin cash flowing investment in this A+ Chicago neighborhood. Sold As Is.
Location
State IL
County Cook
Area Chi - Near North Side
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 4