57
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$3,200,000
Est. payment /mo
New
163 W Division ST 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 12793945
Year Built 1973
Annual Tax Amount $17,044,204
Tax Year 2024
Lot Dimensions 100X149
Property Sub-Type Mixed Use
Property Description
Portfolio investment comprised of 5 condo units located at 163 W. Division St. Chicago and 2 Commercial Units 1143 & 1145 N. Wells St. A RARE INVESTMENT OPPORTUNITY IN A PRIME CHICAGO LOCATION! Financial Package Can Be Requested. Exceptional opportunity to own five beautifully furnished Units Currently operating as a successful Airbnb and 2 comercial units in the same building. Ideally situated between the prestigious Gold Coast and historic Old Town neighborhoods. This highly desirable Near North Side location offers outstanding walkability, convenient public transportation, and easy access to some of Chicago's most popular dining, shopping, entertainment, and cultural destinations. The Gold Coast is renowned for its upscale lifestyle, beautiful tree-lined streets, historic mansions, luxury residences, designer boutiques, and celebrated restaurants. Residents and visitors enjoy the vibrant dining and nightlife along Rush Street and Division Street, premier shopping along Oak Street and the Magnificent Mile, and convenient access to Oak Street Beach, the Lake Michigan lakefront and scenic walking and biking paths. Nearby attractions include the Newberry Library, 360 CHICAGO Observation Deck, and the Museum of Contemporary Art. Historic Old Town is Just a short walk away and offers a distinctive blend of historic charm and lively urban energy, known for its picturesque residential streets, vintage architecture, unique boutiques, neighborhood restaurants, and vibrant entertainment scene, Old Town is home to the world-famous Second City comedy theater, the historic Old Town Triangle District, and the popular Wells Street corridor, featuring an array of dining, nightlife, and entertainment options. Its inviting neighborhood atmosphere and proximity to downtown make it an enduringly desirable destination for residents and visitors alike. Enjoy easy access to Chicago's premier attractions, including the Magnificent Mile, Oak Street Beach, Lincoln Park, the Chicago lakefront, and the city's renowned restaurants, shopping districts, and cultural venues. The nearby CTA Red Line at Clark/Division provides convenient connectivity throughout the city, making this location attractive to both long-term residents and visitors seeking an authentic Chicago experience. An outstanding opportunity for investors! These five-unit property offers the potential to lease all five units for traditional rental income or explore the opportunity to continue the existing successful Airbnb business. With its prime location, walkable surroundings, and access to Chicago's most desirable neighborhoods, this property presents an exciting opportunity for investors seeking to expand their portfolio in a sought-after urban market. A rare opportunity to capitalize on the appeal of Chicago's Gold Coast and Old Town neighborhoods in one strategic investment. Investor has the option to continue Airbnb or Lease units out. No caps or rental restrictions in this building.
Location
State IL
County Cook
Area Chi - Near North Side
Interior
Cooling Wall Sleeve
Fireplace N
Building
Dwelling Type Mixed Use
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Vaciliki Ress of Berkshire Hathaway HomeServices Chicago
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