163 West Division Street

Chicago, IL 60610

$3,200,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.

Listing Agent

  1. Jeff Lowe

    Jeff Lowe

    Listing Agent

    Compass

    jeff.lowe@compass.com

    P: 312.339.1133

Property Details for 163 West Division Street

Area
CHI - Near North Side

Location

Add your commute
LISTING UPDATED: 04/19/2024 11:25 AM

Property Details for 163 West Division Street

StatusActive
MLS #12004047
Days on Market43
Taxes$51,537 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1982
Lot Size0.34 AC / 14,900 SF
CountyCook County

Building

163 W Division St

34 Units3 StoriesBuilt in 1982

Location

Add your commute

Building Information for 163 West Division Street

Stories3Residences34Year Built1982Lot Size0.34 AC / 14,900 SF

Payment Calculator

$21,758 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,464

Property Taxes

$4,295

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 163 West Division Street

General Information
Addtl Parking Information
  • Open Parking Spaces: 1.0
Location and General Information
  • Geographic Locale: Downtown Chicago
  • Information: List Broker Must Accompany,Show-Special Instructions,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air, Wall Sleeve
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 28
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Lot Dimensions: 100X149
  • Lot Size Square Feet: 14900.0
  • Stories: 3
  • Fire Protection: Alarm On Site,None
  • # Of Offices: 0
  • # Of Stores: 5
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2024-03-14T15:41:32
  • Photos Count: 39
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 Monthly Income: 21072
  • 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 City Of Chicago School District 299.
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.

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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 March 18, 2024 by Compass, it's currently listed at $3,200,000. This listing's school district is City Of Chicago School District 299. 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. No financial or legal advice provided. Equal Housing Opportunity.

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.