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$3,275,000
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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.
Full Property Details
Full Property Details for 163 W Division St
General
- Price: $3,275,000
- Taxes: $84,036 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12623413
- Updated: 8/21/2026
- Added to Site: 145 day(s) ago
Additional Information
- Security/Safety: Alarm on Site
Location
- Area: CHI - Near North Side
- County: Cook
- Driving Directions: SE Corner of Division and Wells
- Location Details: Downtown Chicago
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Forced Air, Gas
Structural Information
- Stories/Levels: 3
- # of Stores: 5
- Year Built: 1973
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 14,900
- Lot Dimensions: 100 x 149
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Alarm On Site
- Assessment Year: 1973
- Tax Amount: $84,036.55
- Tax Year: 2024
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 17044040261002
Listed by Baird & Warner
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Schools
Schools serving 163 W Division St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ogden Elementary School 24 West Walton Street, Chicago, IL 60610 | K-8 | 0.3 mi |
Lincoln Park High School, Chicago, IL 2001 North Orchard Street, Chicago, IL 60614 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 163 W Division St
Date
Details
Price
Change
Source
4/23/2026
Listed
$3,275,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 163 W Division St
Year
Property Taxes
Change
Tax Assessment
Change
2023
100%
100%
2022
100%
100%
2021
100%
100%
2020
100%
100%
2019
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 163 W Division St
163 W Division Street, Chicago, IL 60610 (MLS# 12623413) is a Commercial property. 163 W Division Street is currently listed for $3,275,000 and was received on April 23, 2026. Want to learn more about 163 W Division Street? Do you have questions about finding other Commercial real estate for sale in Near North Side? You can browse all Near North Side real estate or contact a Coldwell Banker agent to request more information.

