Skip main navigation
New
  • $700,000

    1114 W Polk St, Chicago, IL 60607

    --beds
    --baths
    --sqft
    : 
    Multi Family
    Built in 1893
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    5 hours
    |
    75
    |
    5
    |

    Zillow last checked: 8 hours ago

    Listing updated: 13 hours ago

    Listing courtesy of:

    William Lundy 708-921-7952,

    Brookline Real Estate LLC

    Source: MRED as distributed by MLS GRID,MLS#: 12536515MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Heating
    • Natural Gas
    Features
    • Basement: Unfinished,Full

    Property

    Parking
    • Total spaces: 2
    Lot
    • Size: 2,500 Square Feet
    • Dimensions: 25x100
    Details
    • Parcel number: 17174100220000
    • Special conditions: List Broker Must Accompany

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1893

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & HOA

    Location
    • Region: Chicago

    Financial & listing details

    • Tax assessed value: $698,610
    • Annual tax amount: $14,791
    • Date on market: 12/23/2025
    • Ownership: Fee Simple
    Get pre-qualifiedBe ready to make an offer.
    Connect with an agentGet info on this home, tour, and more.
    Calculate monthly paymentSee if you can afford this home.

    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    12/23/2025Listed for sale$700,000
    Source: MRED as distributed by MLS GRID #12536515 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2023$14,791 +2.6%$69,861
    2022$14,418 -6%$69,861 -8.1%
    2021$15,333 +33.2%$76,000 +47.6%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $4,730/mo
    Principal & interest
    $3388
    Property taxes
    $1097
    Home insurance
    $245

      Climate risks

      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.

      Similar homes

      Skip to the end of the carouselSkip to the beginning of the carousel
      • Loading
      • Loading