Description for
163 W Division StreetChicago, IL 60610
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.
Price
$3,200,000
Cook
12004047
Active
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 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 Information
Property Type: Mixed Use, Business Opportunities, 3+ Story
0.34 Acres
1973
3
34 Total
Neighborhood
Room Information
Interior Features
Central Air
Exterior / Lot Features
100X149
Driving Directions
West on Division Street Right On To North Wells Street
Financial Considerations
17044040090000
$51,537
Listing Price History
Chicago Real Estate
Chicago is located in Illinois.
Chicago, Illinois 60610 has a population of 2,781,445.
The median household income in Chicago, Illinois 60610 is
$104,388.
The median household income for the surrounding county is $68,916
compared to the national median of $66,222.
The median age of people living in Chicago 60610 is 38 years.
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Courtesy: Compass
Listings courtesy of MRED as distributed by MLS GRID
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