$ 3,200,000
163 W Division ST Chicago, IL 60610
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$ 3,200,000
Est. payment | /mo
$ 3,200,000
Est. payment | /mo
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
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jeffrey Lowe • Compass
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