163 West Division Street

Chicago, IL 60610

$2,950,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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%...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.
  1. Listed by Diana Peterson • AW Properties Global/Auction Works

Property Details for 163 West Division Street

Area
CHI - Near North Side
LISTING UPDATED: 11/12/2024 12:07 AM

Property Details for 163 West Division Street

StatusActive
MLS #12204611
Days on Market8
Taxes$51,537 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1982
Lot Size0.04 AC / 1,650 SF
CountyCook County

Building

163 W Division St

34 Units3 StoriesBuilt in 1982

Building Information for 163 West Division Street

Stories3Residences34Year Built1982Lot Size0.04 AC / 1,650 SF

Property Information for 163 West Division Street

General Information
Location and General Information
  • Geographic Locale: Downtown Chicago
  • Information: List Broker Must Accompany,Show-Special Instructions,Non-Disclosure Agreement,No Sign on Property,Highly Confidential
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 5
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Insurance
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Lot Dimensions: 1650
  • Lot Size Square Feet: 1650.0
  • Stories: 4
  • Fire Protection: None
  • # Of Offices: 2
  • # Of Stores: 0
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 34
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $252,871.00
  • Gross Scheduled Income: $252,871.00
  • Insurance Expense: $.00
  • Total Annual Expense Source: Actual
  • Total Monthly Income: 21072
  • Net Operating Income: $252,871.00
  • Operating Expense: $87,410.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 163 West Division Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 163 West Division Street

Taxable ValueLand-Additions-Total-
Home Facts
Lot Size4,068 SqFtStyleGovernmental / Public UseCountyCOOKAPN17-04-404-009

Schools near 163 West Division Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Ogden Elementary School
PublicPK to 8

Lincoln Park High School
Public9 to 12

Payton College Preparatory High School
Public9 to 12

Salazar Elementary Bilingual Center
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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163 West Division Street is a mixed use property for sale in Chicago, IL 60610. This property was listed for sale on November 6, 2024 by AW Properties Global/Auction Works, it's currently listed at $2,950,000. This listing's school district is Chicago Public Schools. Nearby schools include Ogden Elementary School, Lincoln Park High School and Payton College Preparatory High School. 163 West Division Street is a 0-bed, 0-bath, mixed use property built in 1982.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of AW Properties Global/Auction Works

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/12/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.