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  • $700,000

    1114 W Polk St, Chicago, IL 60607

    --beds
    0baths
    --sqft
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    Multi Family
    Built in 1893
    -- sqft lot
    $681,100 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. Call/Text for showings. Showing will start next week.
    3 days
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    189
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    10
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    Zillow last checked:

    Listing updated:

    Listed by:

    William Lundy 708-921-7952,

    Brookline Real Estate LLC

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

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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
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        Estimated market value

        $681,100

        $647,000 - $715,000

        $3,202/mo

        Price history

        DateEventPrice
        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-- $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

          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

          Getting around

          91 / 100
          Walker's Paradise
          80 / 100
          Excellent Transit
          95 / 100
          Biker's Paradise

          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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