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163 W Division Street Chicago, IL 60610

$3,275,000
Active / MLS# 12623413 / Commercial - Business / Chicago
0 Beds

Portfolio investment comprised of 5 Super Host Airbnb 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-dish sit-in and take out restaurant. The residential units-comprising a mix of one- and two-bedroom layouts-are currently operated as high-performing Super Host Airbnb short-term rentals (of month plus tenancy), benefiting from strong occupancy and premium nightly rates driven by the property's premiere location and turnkey positioning. This dual-income stream provides diversification across tenant profiles and revenue sources.

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Baird & Warner Erin Dreiling 847.431.8345 Email

Property Details

Property Type: Commercial - Business
Cooling: Wall Sleeve
Lot Size: 0.34 Acres
Stories: 3.0
Taxes: $81,302
Year Built: 1973

Feature Descriptions

Electric: Circuit Breakers
Fire Protection: Alarm On Site
HVAC: Forced Air, Gas
Lot Dimensions: 100X149
Parcel#: 17044040261002
Tenant Pays: Electricity
Units: 33

Location

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