Chicago, IL 60610
$3,275,000
Mark Quesada
Broker / Owner
LIC #475144827
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.
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$24,170/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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Listed by Yehuda Cohen, Baird & Warner
MLS# MRD12623413 · Active
History reflects records reported to the MLS and may be incomplete.