Chicago, IL 60610,163 W Division ST
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$ 3,200,000
Est. payment | /mo

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$ 3,200,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12392762

Year Built 1973

Annual Tax Amount $52,912

Tax Year 2023

Lot Dimensions 1650

Property Sub-Type Mixed Use

Property Description

Presenting a rare chance to acquire a portfolio of five fully furnished residential condominiums and two prime commercial storefronts in a premier Gold Coast location-one of the city's most desirable and high-traffic intersections. This offering includes: Two street-level commercial units totaling 1,560 sq. ft., currently leased to a restaurant. Five 1- and 2-bedroom residential condos fully furnished and operating as successful Airbnb rentals. This grouping comprises over 19% ownership of the entire condominium association, providing a level of control rarely available to investors. With low property taxes and modest HOA dues, this is a high-margin, cash-flowing asset in one of Chicago's most prestigious neighborhoods. Opportunities like this-especially in such a strategic location-are increasingly rare. Don't miss your chance to secure a stake in the future of the Gold Coast.

Location

State IL

County Cook

Area Chi - Near North Side

Zoning MULTI

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Mixed Use

Level or Stories 4

Midwest Real Estate Data (MRED) IDX
Listed by Noah Ruggieri • SVN | North Star
advisor-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 772-2820

gsaju@chicagorea.com

1941 N Elston Ave, Chicago, IL, 60642, USA

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163 W Division ST