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 12004047
Year Built 1973
Annual Tax Amount $51,537
Tax Year 2022
Lot Dimensions 100X149
Property Description
Welcome to this exclusive listing of five residential condominiums and two commercial units at 163 Division, in this A+ location in the busy Gold Coast Intersection. This is an incredible investment portfolio opportunity, as this is one of the last undeveloped properties in the vicinity. The two, recently gut-renovated, street-level commercial spaces are 1560 sq.ft. combined and are currently rented out as a restaurant. The five residential 1&2 bedrooms furnished condominiums are currently set up as AirBnB's - 100% Owner Occupied. This bulk offering represents 19% interest in the entire condominium association which affords the investor unique control. Low property taxes and low monthly association dues enable a high-margin cash flowing investment in an A+ Chicago neighborhood.
Location
State IL
County Cook
Area Chi - Near North Side
Interior
Cooling Central Air,Wall Sleeve
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 3