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1114 W Polk Street Chicago, IL $ 700,000
1114 W Polk Street
$ 700,000
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1114 W Polk Street

Chicago, IL, 60607
$ 700,000
Baths0.0

Monthly Estimate*

$ 4,367

Studio

Multi-Family Home for sale in Chicago, IL

for $700,000. This home was built in 1893.

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.

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Multi-Family Active

Price

$ 700,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 14,791

Style

Year Built

1893

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12536515

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Construction Materials Brick
Year Built 1893
Township West Chicago
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 0
Status New
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 Ra
City Chicago
High School District 299
MLS Area CHI - Near West Side
Tax Annual Amount 14791
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 0
Total Baths 0
Bedrooms Possible 0
Full Baths Building 0
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Yes
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 25x100
Waterfront Y/N N
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* Excluded Features
List By
Brookline Real Estate Llc

Broker

WL@Brooklinellc.com

Email

Affordability Calculator

$5,600
Per Month
78%
22%
0%
Monthly Principal & Interest
$4,367
Monthly Property Taxes
$1,233
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$700,000 Listed Price

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1114 W Polk Street, Chicago, IL, 60607 is a Multi-Family Home for sale at $700,000. 1114 W Polk Street is a studio with 0.0 baths and was built in 1893. The property's zip code is 60607 which is in Chicago, IL