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

163 W Division Street, Chicago, IL 60610

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.34 Acres
Days on Market124

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 84037

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 21 Last Checked: Aug 24 at 11:06PM
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 condominium portfolio combines five furnished residential units with two street-level commercial condominium spaces. The residences include one- and two-bedroom layouts, while the commercial component encompasses approximately 1,560 square feet occupied by an Asian Wok sit-in and takeout restaurant. The property was built in 1973 and represents a combined residential and commercial ownership position within the condominium association.

The asset is located at 163 W Division Street in Chicago’s 60610 ZIP code, at the intersection of the Gold Coast and Old Town submarkets. The parcel contains 0.3421 acres. Its residential and commercial components provide separate physical uses within one portfolio, with commercial activity at street level and furnished condominium residences above or within the associated holdings.

Key Highlights

  • Five furnished residential condominium units with one- and two‑bedroom layouts
  • Two street‑level commercial condominium spaces included
  • Approximately 1,560 square feet occupied by an Asian Wok sit‑in and takeout restaurant

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
Multi-tenant
Tenancy

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 - Five furnished condominium residences accompany two street-level commercial condominium spaces and an operating sit-in and takeout restaurant.
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 furnished residential condominium units with one- and two‑bedroom layouts; Two street‑level commercial condominium spaces included; Approximately 1,560 square feet occupied by an Asian Wok sit‑in and takeout restaurant
More about this property
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