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  • $1,700,000

    1041 W Polk St, Chicago, IL 60607

    --beds
    --baths
    7,840.8Square Feet
    Unimproved Land
    Built in ----
    7,840.8 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $2,790 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,790/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listing courtesy of:

    William Lundy 708-921-7952,

    Brookline Real Estate LLC

    Bought with:

    James Sheehan

    Meridian Real Estate Chicago LLC

    Source: MRED as distributed by MLS GRID,MLS#: 12535822MLS Logo

    Facts & features

    Property

    Features
    • Frontage type: None
    • Frontage length: 78
    Lot
    • Size: 7,840 sqft
    • Dimensions: 78x100
    Details
    • Additional parcels included: 17174200050000,17174200030000
    • Parcel number: 17174200040000
    • Special conditions: None

    Utilities & green energy

    • Utilities for property: Electric to Site, Natural Gas Available

    Community & neighborhood

    Location
    • Region: Chicago

    Other

    Other facts
    • Listing terms: Cash
    • Ownership: Fee Simple
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    5/28/2026Sold$1,700,000+6.3%
    Source: MRED as distributed by MLS GRID #12535822 Report a problem
    5/20/2026Listing removed$1,600,000
    Source: MRED as distributed by MLS GRID #12535822 Report a problem
    4/30/2026Contingent$1,600,000
    Source: MRED as distributed by MLS GRID #12535822 Report a problem
    3/26/2026Price change$1,600,000-5.9%
    Source: MRED as distributed by MLS GRID #12535822 Report a problem
    12/30/2025Price change$1,700,000-15%
    Source: MRED as distributed by MLS GRID #12535822 Report a problem
    12/23/2025Listed for sale$2,000,000
    Source: MRED as distributed by MLS GRID #12535822 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $14,560 +24.4%
    2023$2,477 +2.6%$11,700
    2022$2,415 +2.3%$11,700
    2021$2,361 +19.5%$11,700 +32.4%
    2020$1,976 +10.9%$8,840
    2019$1,782 +1.7%$8,840
    2018$1,752 +4%$8,840 +13.3%
    2017$1,685 +7.8%$7,800
    2016$1,562 +9.3%$7,800
    2015$1,429 +16.2%$7,800 +17.6%
    2014$1,230 +2%$6,630
    2013$1,206 +1.4%$6,630
    2012$1,190 -16.9%$6,630 -25%
    2011$1,432 $8,840

    Find assessor info on the county website

    Neighborhood: University Village - Little Italy

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.