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.
New
$700,000
1114 W Polk St, Chicago, IL 60607
--beds
--baths
--sqft
Est.:
Multi Family
Built in 1893
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 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#: 12536515
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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Listed for sale | $700,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
- 3/10Smyth J Elementary SchoolGrades: PK-8Distance: 0.5 mi
- 1/10Wells Community Academy High SchoolGrades: 9-12Distance: 2 mi
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.
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