
Listed by Baird & Warner
$3,275,000
163 W Division Street
Details
APN 17044040261002
Property Type Mixed Use
Sub Type Mixed Use
Units 33
NOI $247,503
Year Built 1973
Stories 3
Lot Size (SqFt) 14,900
Mixed Use
Marketing 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.
Listing Contacts

Listed by Baird & Warner
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$247,503.00
$20,625.25/mo
Valuation Metrics
0
DSCR
7.56%
Cap Rate
7.56%
ROI
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Zoning
RM-6 ResidentialMulti FamilyResidential Multi Unit District
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View all 49 uses
View all 49 uses Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics
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