$3,200,000
Est. payment /mo
New
163 W Division Street Chicago, IL 60610
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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
Zoning MULTI
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Listed by Noah Ruggieri • SVN | North Star