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$ 1,350,000
Est. payment /mo
New
1106 W Polk ST Chicago, IL 60607
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12533034
Year Built 1891
Annual Tax Amount $36,297
Tax Year 2024
Lot Dimensions 50x100
Property Sub-Type Multi Family 5+
Property Description
Located in the heart of Little Italy / University Village, 1106-1108 W Polk St offers a compelling multifamily value-add opportunity in a proven rental submarket. The property features two buildings totaling eight (8) residential units, including a front building in good overall condition (that will require repairs) and a rear coach house requiring extensive repairs. This layout provides immediate income from the front building with clear upside through renovation and repositioning of the coach house. The asset is ideally positioned near UIC, major medical institutions, downtown Chicago, and public transportation, benefiting from consistent renter demand. Little Italy / University Village is known for its historic charm, walkability, strong tenant base, and ongoing neighborhood investment. This offering is well-suited for investors seeking meaningful value-add potential in a core Chicago location. Property is owned by a family estate. Unit mix, bedroom/bath counts, and unit sizes are unknown and approximate. Buyer to verify all information.
Location
State IL
County Cook
Area Chi - Near West Side
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by William Lundy of Brookline Real Estate LLC
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