Investor opportunity in the high-demand East Garfield Park neighborhood of Chicago's West Side with strong upside potential. This property is being offered as a lender-approved short sale with the price already established, creating a clear path for acquisition without prolonged negotiation. ARV in the immediate area supports values up to approximately $400,000, making this a compelling candidate for a full renovation and resale or long-term hold strategy. The property requires a complete gut rehab and is best suited for experienced investors, developers, or contractors prepared to execute a full scope renovation. Ideal for value-add strategies including fix-and-flip or portfolio expansion. East Garfield Park continues to experience ongoing redevelopment, increasing investor activity, and growing demand, supporting strong after-repair positioning. IMPORTANT: Property is occupied. DO NOT approach or disturb occupants under any circumstances. Showings will be coordinated through proper channels only. Proof of funds is required with all offers. No exceptions. Cash or strong financial backing only. Buyer responsible for all due diligence. Property is being sold AS-IS, WHERE-IS with no warranties or repairs provided by the seller. Room sizes and details are estimated and should be independently verified. Serious inquiries only. This is a strategic acquisition opportunity for investors who understand redevelopment potential and are prepared to move efficiently.
Active
$190,000
3512 W Polk St, Chicago, IL 60624
4beds
--sqft
Multi Family
Built in 1909
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 100 days |
- 538 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
Elizabeth Wright 312-847-9768,
Elux Real Estate Corporation
Source: MRED as distributed by MLS GRID,MLS#: 12606613
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Features
- Basement: Unfinished,Exterior Entry,Full,Walk-Out Access
Property
Parking
- Total spaces: 2
- Parking features: Yes
Lot
- Size: 3,750 Square Feet
- Dimensions: 30 x 125
Details
- Parcel number: 16144080360000
- Special conditions: Short Sale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1909
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $220,010
- Annual tax amount: $3,240
- Date on market: 3/31/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$1,780/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Listed for sale | $190,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $22,001 +15.8% |
| 2023 | $2,759 +4.1% | $18,999 |
| 2022 | $2,650 +806% | $18,999 |
| 2021 | $293 -3.1% | $18,999 +48.2% |
| 2020 | $302 +0.3% | $12,824 -12% |
| 2019 | $301 +1.5% | $14,573 |
| 2018 | $296 -6.6% | $14,573 -25.5% |
| 2017 | $317 -57.1% | $19,550 |
| 2016 | $740 +4% | $19,550 |
| 2015 | $711 +0.9% | $19,550 +20.5% |
| 2014 | $705 -0.4% | $16,226 |
| 2013 | $707 +6.8% | $16,226 |
| 2012 | $662 -1.7% | $16,226 -22.2% |
| 2011 | $674 +10.6% | $20,859 |
| 2010 | $609 +6.6% | $20,859 |
| 2009 | $572 -7.7% | $20,859 -14.9% |
| 2008 | $619 -10.5% | $24,502 |
| 2007 | $692 -5.8% | $24,502 |
| 2006 | $735 -14.4% | $24,502 +67.2% |
| 2005 | $859 -4.8% | $14,655 |
| 2004 | $901 -8.7% | $14,655 -6.2% |
| 2003 | $988 -11.6% | $15,621 +61.4% |
| 2002 | $1,117 -15.7% | $9,678 |
| 2001 | $1,325 +104.5% | $9,678 |
| 2000 | $648 +1.3% | $9,678 +80.1% |
| 1999 | $640 | $5,373 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: Homan Square
Nearby schools
GreatSchools rating
- 3/10Gregory Math & Sci Elementary AcademyGrades: PK-8Distance: 0.3 mi
- NAManley Career Academy High SchoolGrades: 9-12Distance: 0.7 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- Cook County
- Chicago
- 60624
- Homan Square
- 3512 W Polk St






