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163 W Division Street

  • Chicago, IL
  • $3,200,000

ABOUT

Welcome to this exclusive listing of five residential condominiums and two commercial units 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 store front 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.

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 store front 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.
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1973

1973

Year Built

0.34

0.34

Acres

Lot Size

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01

Exterior & Building

Stories

3

Air Conditioning

Central Air, Wall Sleeve
01

Lot & Area

Status

Inactive

Lot Size

0.34 Acres

MLS® ID

12004047

Type

Other

Year Built

1973
01

Finance

Sales Price

$3,200,000

Real Estate Taxes

$51,537/yr

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