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  • $740,000

    1114 W Polk St, Chicago, IL 60607

    --beds
    0baths
    --sqft
    Multi Family
    Built in 1893
    -- sqft lot
    $651,200 Zestimate®
    $--/sqft
    $2,438 Estimated rent

    Home value

    $651,200

    $619,000 - $684,000

    $2,438/mo

    Zestimate® history
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    $2,438/mo

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    $4,356/mo

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    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. Call/Text for showings. Showing will start next week.

    Zillow last checked:

    Listing updated:

    Listed by:

    William Lundy 708-921-7952,

    Brookline Real Estate LLC

    Bought with:

    Farshad Davachi

    Kale Realty

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

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Natural Gas
    Features
    • Basement: Unfinished,Full

    Property

    Parking
    • Total spaces: 2
    • Parking features: Yes
    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: $810,000
    • Annual tax amount: $14,791
    • Date on market: 6/19/2026
    • Listing terms: Cash
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    7/24/2026Sold$740,000+5.7%
    Source: MRED as distributed by MLS GRID #12536515 Report a problem
    6/26/2026Contingent$700,000
    Source: MRED as distributed by MLS GRID #12536515 Report a problem
    6/19/2026Listed for sale$700,000
    Source: MRED as distributed by MLS GRID #12536515 Report a problem
    1/8/2026Listing removed$700,000
    Source: MRED as distributed by MLS GRID #12536515 Report a problem
    12/23/2025Listed for sale$700,000
    Source: MRED as distributed by MLS GRID #12536515 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$16,334 +10.4%$81,000 +15.9%
    2023$14,791 +2.6%$69,861
    2022$14,418 -6%$69,861 -8.1%
    2021$15,333 +33.2%$76,000 +47.6%
    2020$11,509 -7.3%$51,490 -16.4%
    2019$12,413 -14%$61,577 -15.5%
    2018$14,441 +39.2%$72,871 +51.7%
    2017$10,378 +7.8%$48,043
    2016$9,622 +9.3%$48,043
    2015$8,804 +7.2%$48,043 +8.6%
    2014$8,210 +2%$44,249
    2013$8,048 +1.4%$44,249
    2012$7,940 -22%$44,249 -29.5%
    2011$10,175 -0.4%$62,789
    2010$10,217 +4.4%$62,789
    2009$9,791 +11.3%$62,789 +2.4%
    2008$8,799 +1%$61,341
    2007$8,712 -1.1%$61,341
    2006$8,806 +49.2%$61,341 +69.8%
    2005$5,901 +1%$36,115
    2004$5,842 +2.2%$36,115
    2003$5,715 $36,115
    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.

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    Estimated market value
    $651,200
    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
    $651,200