True fixer-upper opportunity in the heart of University Village/Little Italy. This property offers significant upside for investors or owner-users looking to renovate and reposition. Located just west of the Loop with strong rental demand driven by proximity to UIC, the Illinois Medical District, downtown Chicago, and multiple CTA lines. Surrounded by ongoing development, established multifamily housing, and a deep tenant base. Ideal value-add or redevelopment play for those seeking to capitalize on a prime infill location. This property is a full gut renovation.
Closed
$500,000
1077 W Polk St, Chicago, IL 60607
2beds
--sqft
Multi Family
Built in 1882
-- sqft lot
$506,900 Zestimate®
$--/sqft
$2,557 Estimated rent
Home value
$506,900
$461,000 - $558,000
$2,557/mo
Zestimate® history
Owner options
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$3,517/mo
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$3,517/mo
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Zillow last checked:
Listing updated:
Listing courtesy of:
William Lundy 708-921-7952,
Brookline Real Estate LLC
Bought with:
Vincent Romano
Berkshire Hathaway HomeServices Chicago
Source: MRED as distributed by MLS GRID,MLS#: 12532510
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- None
Features
- Basement: Unfinished,Partial
Property
Parking
- Total spaces: 3
Lot
- Size: 2,400 sqft
- Dimensions: 24x100
Details
- Parcel number: 17174180130000
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1882
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/1/2026 | Sold | $500,000-4.8% |
Source:  MRED as distributed by MLS GRID #12532510 Report a problem | ||
| 12/24/2025 | Contingent | $525,000 |
Source: MRED as distributed by MLS GRID #12532510 Report a problem | ||
| 12/23/2025 | Listed for sale | $525,000 |
Source: MRED as distributed by MLS GRID #12532510 Report a problem | ||
| 12/21/2025 | Contingent | $525,000 |
Source: MRED as distributed by MLS GRID #12532510 Report a problem | ||
| 12/14/2025 | Listed for sale | $525,000 |
Source: MRED as distributed by MLS GRID #12532510 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $62,000 +40.3% |
| 2023 | $9,357 +2.6% | $44,196 |
| 2022 | $9,121 +2.3% | $44,196 |
| 2021 | $8,917 +6.3% | $44,196 +17.8% |
| 2020 | $8,385 -1.3% | $37,513 -11% |
| 2019 | $8,497 +1.7% | $42,150 |
| 2018 | $8,353 -28.6% | $42,150 -22.1% |
| 2017 | $11,695 +7.9% | $54,140 |
| 2016 | $10,844 +9.3% | $54,140 |
| 2015 | $9,921 +30.5% | $54,140 +32.1% |
| 2014 | $7,604 +2% | $40,984 |
| 2013 | $7,454 +1.4% | $40,984 |
| 2012 | $7,354 -15.7% | $40,984 -23.9% |
| 2011 | $8,727 -0.4% | $53,852 |
| 2010 | $8,763 +4.4% | $53,852 |
| 2009 | $8,397 +30.2% | $53,852 +19.8% |
| 2008 | $6,448 +1% | $44,953 |
| 2007 | $6,384 -1.1% | $44,953 |
| 2006 | $6,453 +142.1% | $44,953 +175.6% |
| 2005 | $2,666 +1% | $16,313 |
| 2004 | $2,639 +2.2% | $16,313 |
| 2003 | $2,581 | $16,313 |
Find assessor info on the county website
Neighborhood: University Village - Little Italy
Nearby schools
GreatSchools rating
- 2/10Smyth J Elementary SchoolGrades: PK-8Distance: 0.4 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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Estimated market value
$506,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$506,900
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