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Garrett Johnson

homesbygarrett@gmail.com +1(847) 337-1157

$3,275,000

Est. payment - /mo

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12623413

Year Built 1973

Annual Tax Amount $84,036

Tax Year 2024

Lot Dimensions 100X149

Property Sub-Type Mixed Use

Property Description

Portfolio investment comprised of 5 apartment units and 2 Commercial Condos. Perfect for long term investor or 1031 Exchange. Positioned at the intersection of the Gold Coast and Old Town - two of Chicago's most coveted submarkets, this offering at 163 Division Street represents a rare opportunity to acquire a scaled, mixed-use asset in the heart of these neighborhoods. The portfolio consists of five fully furnished residential condominium units and two street-level commercial spaces, collectively comprising significant ownership percentage of the condominium association-providing meaningful influence over governance and long-term asset strategy. With limited remaining development parcels in the immediate vicinity, the property offers both durable in-place income and compelling embedded land value. The commercial component, totaling approximately 1,560 square feet, is a busy Asian Wok sit-in and take out restaurant. The residential units-comprising a mix of one- and two-bedroom layouts. This dual-income stream provides diversification across tenant profiles and revenue sources.

Location

State IL

County Cook

Area Chi - Near North Side

Interior

Cooling Wall Sleeve

Fireplace N

Building

Dwelling Type Mixed Use

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Listed by Yehuda Cohen of Baird & Warner

Nearby School & Business

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Garrett Johnson

+1(847) 337-1157

Agent License ID: 475.188206

163 W Division ST Chicago, IL 60610

Garrett Johnson

Key Details

Location

Interior

Building

Nearby School & Business

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