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$740,000
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Property 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. Call/Text for showings. Showing will start next week.
Full Property Details
Full Property Details for 1114 W Polk St
General
- Sold For: $740,000
- Taxes: $14,791 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12536515
- Added to Site: 249 day(s) ago
Parking
- Total Spaces: 2
- Parking Features: Yes
Location
- Area: CHI - Near West Side
- County: Cook
- Driving 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.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full
- Year Built: 1893
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 100
Financial Considerations
- Assessment Year: 1893
- Tax Amount: $14,791
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 17174100220000
Listed by Brookline Real Estate LLC
Sold by Kale Realty
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Schools
Schools serving 1114 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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1114 W Polk St
Date
Details
Price
Change
Source
7/24/2026
Sold
$740,000
5.71%
MLS
12/23/2025
Listed
$700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1114 W Polk Street, Chicago, IL 60607 (MLS# 12536515) is a Multi-Family property that was sold at $740,000 on July 24, 2026. Want to learn more about 1114 W Polk Street? Do you have questions about finding other Multi-Family 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.

