163 W Division ST, Chicago, IL 60610 – 12204611 - Sara Macak

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Sara Macak

saramacak1@gmail.com +1(630) 207-6658

$2,950,000

Est. payment - /mo

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UPDATED:

11/12/2024 06:07 AM

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

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Listed by Diana Peterson • AW Properties Global/Auction Works

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Sara Macak

Broker | License ID: 475.193648

+1(630) 207-6658