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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 2,000,000

Est. payment | -/mo

14,900 SqFt

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$ 2,000,000

Est. payment | -/mo

Save

14,900 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 14,900 sqft

Price per Sqft $134

MLS Listing ID 12785939

Year Built 1973

Annual Tax Amount $21,078

Tax Year 2025

Lot Dimensions 28.3x137.6x21.2x12.8x127

Property Sub-Type Multi Family 5+

Property Description

163 W. Division Street Chicago, A RARE INVESTMENT OPPORTUNITY IN A PRIME CHICAGO LOCATION! Financial Package Can Be Requested. Exceptional opportunity to own five beautifully furnished Units Currently operating as a successful Airbnb, ideally situated between the prestigious Gold Coast and historic Old Town neighborhoods. This highly desirable Near North Side location offers outstanding walkability, convenient public transportation, and easy access to some of Chicago's most popular dining, shopping, entertainment, and cultural destinations. The Gold Coast is renowned for its upscale lifestyle, beautiful tree-lined streets, historic mansions, luxury residences, designer boutiques, and celebrated restaurants. Residents and visitors enjoy the vibrant dining and nightlife along Rush Street and Division Street, premier shopping along Oak Street and the Magnificent Mile, and convenient access to Oak Street Beach, the Lake Michigan lakefront and scenic walking and biking paths. Nearby attractions include the Newberry Library, 360 CHICAGO Observation Deck, and the Museum of Contemporary Art. Historic Old Town is Just a short walk away and offers a distinctive blend of historic charm and lively urban energy, known for its picturesque residential streets, vintage architecture, unique boutiques, neighborhood restaurants, and vibrant entertainment scene, Old Town is home to the world-famous Second City comedy theater, the historic Old Town Triangle District, and the popular Wells Street corridor, featuring an array of dining, nightlife, and entertainment options. Its inviting neighborhood atmosphere and proximity to downtown make it an enduringly desirable destination for residents and visitors alike. Enjoy easy access to Chicago's premier attractions, including the Magnificent Mile, Oak Street Beach, Lincoln Park, the Chicago lakefront, and the city's renowned restaurants, shopping districts, and cultural venues. The nearby CTA Red Line at Clark/Division provides convenient connectivity throughout the city, making this location attractive to both long-term residents and visitors seeking an authentic Chicago experience. An outstanding opportunity for investors! These five-unit property offers the potential to lease all five units for traditional rental income or explore the opportunity to continue the existing successful Airbnb business. With its prime location, walkable surroundings, and access to Chicago's most desirable neighborhoods, this property presents an exciting opportunity for investors seeking to expand their portfolio in a sought-after urban market. A rare opportunity to capitalize on the appeal of Chicago's Gold Coast and Old Town neighborhoods in one strategic investment. Investor has the option to continue Airbnb or Lease units out. No caps or rental restrictions in this building.

Location

State IL

County Cook

Area Chi - Near North Side

Zoning OTHER

Interior

Cooling Wall Sleeve

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Listed by Vaciliki Ress of Berkshire Hathaway HomeServices Chicago

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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163 W Division ST Chicago, IL 60610