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Faits saillants de l'investissement
- 7.6% Cap Portfolio Sale in Old Town
- 19% Ownership interest in condo association
- Mix of 5 Super Host Airbnb Units and 2 Commercial Condo Storefronts operating as one restaurant
Résumé de l'annonce
Portfolio investment comprised of 5 Super Host Airbnb units and 2 Commercial Condos. 7.6% Cap Rate. ($247,503 Net Income) 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.
Faits sur la propriété
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 1143-1155 N Wells St, 1er étage - Unité 1143, Chicago, IL 60610 | Condo | 1 000 pi² | 1981 | - |
| 1143-1155 N Wells St, 1er étage - Unité 1145, Chicago, IL 60610 | Condo | 550 pi² | 1981 | - |
| 1143-1155 N Wells St, 1er étage - Unité 207-312, Chicago, IL 60610 | Bureau/Commerce de détail Condo | 4 110 pi² | 1981 | - |
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163 W. Division / 1143 N. Wells
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