1114 W Polk Street, Chicago, IL 60607
Description
ESTATE SALE. Rare opportunity to acquire a solid multi-unit property in the heart of Little Italy / University Village, one of Chicago’s most desirable and supply-constrained rental markets. Located just minutes from UIC, the Medical District, downtown, and major transportation corridors, this area continues to benefit from strong rental demand, long-term appreciation, and ongoing neighborhood investment. The building offers great bones and an excellent value-add profile. Units 1 and 2 require full rehabs, presenting a clear upside for an investor or owner-occupant looking to reposition the asset and maximize rents. Unit 3 is in relatively good condition, allowing for immediate use or income while renovations are completed. Ideal for investors seeking a renovation project in a premier location or buyers looking to create long-term value in one of Chicago’s most resilient rental submarkets. Seller and estate attorney have limited knowledge of the property. Information regarding unit layouts, room counts, square footage, rents, leases, utilities, and building systems has not been verified. MLS data includes required placeholders where applicable. Buyer to independently verify all information, including unit configuration, zoning, and condition. Property being sold as-is. No survey provided.
- Listing Courtesy of: Brookline Real Estate LLC
Details
Updated on June 15, 2026 at 9:29 pm-
Property ID MRD12536515
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Price $700,000
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Bedroom 0
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Year Built 1893
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Property Type Multi Family
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Property Status Hold
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Parking Total 2
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Parcel Number 17174100220000
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Water Source Lake Michigan
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Sewer Public Sewer
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MLS Status Temporarily No Showings
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Days On Market 16
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Cumulative Days On Market 125
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Tax Annual Amount 14791
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Heating Natural Gas
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Parking Features Yes
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Directions From the Loop, head west on W Harrison St. Turn right (north) on S Racine Ave. Continue north to W Polk St and turn right (east). Property is located on the south side of the street, just east of Racine Ave.
Address
Open on Google Maps- Address 1114 W Polk Street
- City Chicago
- State/county IL
- Zip/Postal Code 60607
- Country United States
Overview
- Multi Family
- 0
- 1893
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