1041 W Polk Street Chicago, IL $ 2,000,000
1041 W Polk Street
$ 2,000,000
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1041 W Polk Street

Chicago, IL, 60607
$ 2,000,000
Baths0.0

Monthly Estimate*

$ 12,477

1041 W Polk Street, Chicago, IL 60607 - Image 1
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Studio

Lots and Land for sale in Chicago, IL

for $2,000,000.

ESTATE SALE... Very rare assemblage opportunity consisting of three (3) adjacent parcels located at 1041, 1043, and 1045 W Polk St in the highly sought-after Little Italy / University Village area of Chicago. This offering presents an incredible development opportunity in one of the city's most dynamic and supply-constrained submarkets. The property is ideally positioned just west of the Loop with immediate access to Downtown Chicago, I-290, CTA, and major arterial roads, and is surrounded by a strong mix of institutional, residential, medical, and retail uses. The area benefits from close proximity to UIC, Rush Medical District, and the rapidly expanding West Loop, driving sustained demand for new residential and mixed-use development. University Village and Little Italy continue to experience strong population growth, rental demand, and investor interest, supported by limited available land, ongoing neighborhood investment, and excellent connectivity to employment centers. This assemblage offers a rare chance to control multiple contiguous parcels in a premier infill location with long-term upside. Ideal for developers, investors, or owner-users seeking a strategic position in one of Chicago's most desirable urban neighborhoods.

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Lots and Land Active

Price

$ 2,000,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 15,162

Style

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12535822

Features
General
Utilities Electric to Site Natural Gas Available
Possession Closing
Township West Chicago
Tax Year 2024
Ownership Fee Simple
Additional Parcels Description 17174200050000 17174200030000
County Cook
Property Type Land Land
Possible Use Multi-Family
Status New
Directions From the Loop: Take I-290/Washington Blvd west to Ashland Ave. Head south on Ashland Ave to Polk St then east on Polk St to the property on the south side of the street between Sangamon St and Racine
City Chicago
High School District 299
MLS Area CHI - Near West Side
Tax Annual Amount 15162
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Exterior
Total Parking 0
Lot Dimensions 78x100
Road Surface Type Asphalt
Frontage Length 78
Frontage Type None
Waterfront Y/N N
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Interior
Total Baths 0
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* Excluded Features
List By
Brookline Real Estate Llc

Broker

WL@Brooklinellc.com

Email

Affordability Calculator

$13,741
Per Month
91%
9%
0%
Monthly Principal & Interest
$12,477
Monthly Property Taxes
$1,264
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/23/2025$2,000,000 Listed Price

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1041 W Polk Street, Chicago, IL, 60607 is a Lots and Land for sale at $2,000,000. 1041 W Polk Street is a studio with 0.0 baths. The property's zip code is 60607 which is in Chicago, IL