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$1,350,000
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Property Description
Located in the heart of Little Italy / University Village, 1106-1108 W Polk St offers a compelling multifamily value-add opportunity in a proven rental submarket. The property features two buildings totaling eight (8) residential units, including a front building in good overall condition (that will require repairs) and a rear coach house requiring extensive repairs. This layout provides immediate income from the front building with clear upside through renovation and repositioning of the coach house. The asset is ideally positioned near UIC, major medical institutions, downtown Chicago, and public transportation, benefiting from consistent renter demand. Little Italy / University Village is known for its historic charm, walkability, strong tenant base, and ongoing neighborhood investment. This offering is well-suited for investors seeking meaningful value-add potential in a core Chicago location. Property is owned by a family estate. Unit mix, bedroom/bath counts, and unit sizes are unknown and approximate. Buyer to verify all information.
Full Property Details
Full Property Details for 1106 W Polk St
General
- Sold For: $1,350,000
- Taxes: $36,297 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12533034
- Added to Site: 72 day(s) ago
Location
- Area: CHI - Near West Side
- County: Cook
- Driving Directions: From I-290, exit at Racine Ave and head south to Polk St. Turn west on Polk St to the property. From I-90/94, exit at Roosevelt Rd, head west to Racine Ave, turn north on Racine Ave to Polk St, then west to the property.
Heating & Cooling
- Heating Type: Forced Air, Gas
Structural Information
- Stories/Levels: 2
- Year Built: 1891
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 5,000
- Lot Dimensions: 50 x 100
Financial Considerations
- Assessment Year: 1891
- Tax Amount: $36,297
- Tax Year: 2024
Disclosures and Reports
- Property ID: 17174100240000
Listed and Sold by Brookline Real Estate LLC
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Schools
Schools serving 1106 W Polk St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Smyth J Elementary School 1059 West 13th Street, Chicago, IL 60608 | K-8 | 0.5 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1106 W Polk St
Date
Details
Price
Change
Source
2/25/2026
Sold
$1,350,000
—
MLS
12/15/2025
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1106 W Polk Street, Chicago, IL 60607 (MLS# 12533034) is a Commercial property that was sold at $1,350,000 on February 25, 2026. Want to learn more about 1106 W Polk Street? Do you have questions about finding other Commercial real estate for sale in Near West Side? You can browse all Near West Side real estate or contact a Coldwell Banker agent to request more information.

