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Mixed-Use Portfolio with Restaurant
For Sale
$3,275,000

163 W Division Street, Chicago, IL 60610

Commercial Sale, Chicago, IL

Property Size1,560 SF
Lot Size0.34 Acres
Price / SF$2,099
Days on Market121

Property Features for 163 W Division Street

General Information

Property type Commercial Sale
Property subtype Other
Directions SE Corner of Division and Wells
Subdivision CHI - Near North Side
Standard status Active
APN 17044040261002
Lot size 0.34 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 81302

Building Details

Year built 1973
Floors in Building 3
Number of units 33
Listing Agency: Baird & Warner
Listed By: Yehuda Cohen · License #471005902
Added: Apr 23 Changed: Aug 19 Last Checked: Aug 21 at 12:06AM
MLS# 12623413

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use portfolio includes five furnished residential condominium units and two street-level commercial condominium spaces. The apartment component offers a combination of one- and two-bedroom layouts, while the commercial portion encompasses approximately 1,560 square feet occupied by an Asian Wok sit-in and takeout restaurant. The property was built in 1973.

Located at 163 W Division Street in Chicago’s Gold Coast and Old Town area, the asset sits within a condominium association in which the portfolio represents a significant ownership percentage. The offering combines residential and commercial components within one ownership structure and includes the address’s 60610 location.

Key Highlights

  • Five fully furnished residential condominium units
  • Two street‑level commercial condominium spaces
  • Approximately 1,560 square feet of restaurant space

Property Analytics

Current Use

Chicago Apartment Seekers Real Estate Agency Winning Edge Properties Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Auto Parts Store Butcher Food Market Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

13,246
Businesses Nearby

Demographics for 60610, IL

43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Furnished apartments and street-level commercial condominiums create a combined residential and commercial ownership profile.
Where is this mixed-use property located?
The property is located at 163 W Division Street Chicago, IL.
What is the asking price?
The asking price for this property is $3,275,000.
What are key features of this property?
This property features: Five fully furnished residential condominium units; Two street‑level commercial condominium spaces; Approximately 1,560 square feet of restaurant space
More about this property
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