163 W Division Street
Chicago, IL, 60610 $ 3,200,000
Bedrooms-- Baths-- Monthly Estimate*
$ 22,102
for $3,200,000. This building was built in 1973 on a lot size of 0.342057.
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.
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FeaturesGeneralCooling Wall Sleeve
Year Built 1973
Electric Circuit Breakers
Tenant Pays Electricity
Stories Count 3
Property Subtype Mixed Use
Tax Year 2024
Gross Income 99999999
Additional Parcels Description 17044040261017 17044040261032 17044040261025 17044040261016
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status New
Directions SE Corner of Division and Wells
City Chicago
Number Of Units Total 33
MLS Area CHI - Near North Side
Lot Size Square Feet 14900
Tax Annual Amount 17044205
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Standard Status Active
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* Excluded FeaturesList ByBerkshire Hathaway Homeservices ChicagoBroker
kress@bhhschicago.com;kikiress@yahoo.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $22,102
- Monthly Property Taxes
- $1,420,350
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Chicago, IL
Average List Price $964,947
Percent of Sale Price 70%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/28/2026 | $3,200,000 | | Listed Price |