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.
Re-activated
$700,000
1114 W Polk St, Chicago, IL 60607
--beds
0baths
--sqft
Multi Family
Built in 1893
-- sqft lot
$681,100 Zestimate®
$--/sqft
$-- HOA
What's special
- 3 days |
- 189 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
William Lundy 708-921-7952,
Brookline Real Estate LLC
Source: MRED as distributed by MLS GRID,MLS#: 12536515
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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
- Ownership: Fee Simple
Estimated market value
$681,100
$647,000 - $715,000
$3,202/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Listed for sale | $700,000 |
Source: | ||
| 1/8/2026 | Listing removed | $700,000 |
Source: | ||
| 12/23/2025 | Listed for sale | $700,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $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 | $36,115 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: University Village - Little Italy
Nearby schools
GreatSchools rating
- 2/10Smyth 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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