1037 W Polk St

1037 W Polk St, Chicago, IL 60607

  • For Sale $1,699,000
  • Property Type Multi-Family
  • Property Size 5,882 SF
  • Units 6
  • Additional Rent Contact for pricing
  • Date Updated Oct 18, 2024
Little Italy is a robustly diverse neighborhood situated roughly 2.5 miles west of Chicago’s Loop. The neighborhood is a part of the larger University Village/Little Italy area, known for its historic significance, quiet environment, and continued growth over the past several years. The property is situated less than two blocks from the University of Illinois Chicago, and just over a mile from the Illinois Medical District, which encompasses Rush University Medical Center & Cook County Hospital. As a whole, the Illinois Medical District has over 2,700 medical students, more than 20,000 employees and nearly 30,000 undergraduate students across the three institutions. 1037 West Polk is ideally located in the heart of Little Italy, just one block to Taylor Street, the main retail corridor that is home to many local cafes, retailers, and restaurants including some of Chicago’s most well-known Italian restaurants. Additionally, residents are less than a mile to both the UIC-Halsted & Polk CTA stations servicing the Pink & Blue Lines, and less than two miles to both Ogilvie & Union Station Transportation Centers.Essex Three- Twelve has been exclusively engaged to market for sale, 1037 West Polk Street, a 6-unit Greystone apartment building located in the heart of Little Italy. This property has been in the same family for more than 40 years, providing investors with the opportunity to acquire a rarely available asset in one of Chicago’s oldest and most established neighborhoods. The property is comprised of one 1 bed, two 2 beds, two 3 beds, and one 4 bed layout. Each unit features hardwood floors, stainless steel or white kitchen appliances, laminate countertops, central HVAC, in-unit laundry, and the rear units have access to outdoor decks. One unit was recently renovated and includes elevated finishes in the kitchen. An opportunity exists for an investor to increase rents significantly with cosmetic updates to the kitchens and baths in the remaining five apartments. The large laundry room in the rear units may also present an opportunity to make a second full bathroom. Located on the south side of Polk Street just east of Carpenter Street, 1037 West Polk sits in arguably the most ideal pocket of Little Italy. The property is within blocks in almost every direction of various University of Illinois Chicago (UIC) facilities making it an excellent option for students. In addition, the UIC-Halsted & Polk L Stations and access to 90/290 expressways are less than a mile away, making it similarly convenient for a working professional commute. Fans of the neighborhood may also note that this property is roughly 500 feet from both Carm’s and Fontano’s Subs – two longstanding neighborhood staples, among many of the others just a few blocks further on Taylor Street.

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Highlights

  • A+ Little Italy Location; Surrounded by UIC and Rush Medical District
  • Property Owned by the Same Family for more than 40 Years
  • Extremely Well-Maintained Building with Light Value-Add Upside
  • Apartment Layouts Well Suited for Nearby Students
  • In-Unit Laundry

Contacts

broker

Ryan Blake

Essex 312

Location

Getting Around

  • Walk Score ®

    93/100 Walker's Paradise
  • Transit Score ®

    78/100 Excellent Transit
  • Bike Score ®

    94/100 Biker's Paradise
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood University Village
  • Zip Code 60607
  • Market Chicago

Points of Interest

  • UIC-Halsted (Morgan Street)

    0.27 miles

  • UIC-Halsted

    0.31 miles

  • UIC-Halsted (Peoria Street)

    0.31 miles

  • UIC-Halsted (Halsted Street)

    0.38 miles

  • Racine

    0.45 miles

  • Clinton

    0.66 miles

  • Halsted Street

    0.82 miles

  • Chicago Union Station

    0.85 miles

  • Polk

    0.87 miles

  • Morgan

    0.97 miles

  • Blink ParkChip Garage - 1035 Van Buren

    0.35 miles

  • Shell

    0.41 miles

  • Electrify America

    0.45 miles

  • Citgo

    0.47 miles

  • Mobil

    0.59 miles

  • Blink

    0.61 miles

  • eVgo

    0.61 miles

  • Volta

    0.66 miles

  • Tesla Supercharger

    0.67 miles

  • BP

    0.82 miles

  • UIC Lot 3

    0.13 miles

  • Lot 1A

    0.16 miles

  • UIC Lot 20

    0.19 miles

  • Lot 1B

    0.21 miles

  • Lot 11

    0.23 miles

  • Harrison Street Parking Structure

    0.25 miles

  • UIC Lot 5

    0.29 miles

  • UIC Lot 4

    0.33 miles

  • UIC Halsted Street Parking Structure

    0.34 miles

  • UIC Lot 8

    0.38 miles

  • Sonder Greektown

    0.48 miles

  • Chicago Parthenon Hostel

    0.48 miles

  • Holiday Inn Chicago-Downtown

    0.69 miles

  • Crowne Plaza Chicago West Loop

    0.70 miles

  • Marriott at Medical District/UIC

    0.71 miles

  • Hyatt House

    0.82 miles

  • Hotel Chicago West Loop

    0.90 miles

  • NoBu Hotel

    0.92 miles

  • Homewood Suites

    0.97 miles

  • Hampton Inn Chicago Downtown West Loop

    0.97 miles

  • Carm's Beef

    0.04 miles

  • Fontano's Subs

    0.05 miles

  • Tufano's Vernon Park Tap

    0.11 miles

  • Tuscany

    0.14 miles

  • Bowl & Sushi

    0.15 miles

  • Mario's Italian Lemonade

    0.15 miles

  • Thai Bowl

    0.16 miles

  • Jarabe

    0.17 miles

  • Subway

    0.17 miles

  • Al's Beef

    0.18 miles

  • Galileo Elementary School

    0.07 miles

  • University of Illinois at Chicago

    0.15 miles

  • Saint Ignatius College Preparatory School

    0.22 miles

  • Notre Dame School

    0.43 miles

  • Smyth Elementary School

    0.45 miles

  • Jackson Language Academy

    0.47 miles

  • Skinner Classical Elementary School

    0.64 miles

  • STEM Magnet Academy

    0.68 miles

  • Frances Xavier Warde School

    0.71 miles

  • Medill Elementary School

    0.72 miles

  • LadyBug and Friends Daycare & Preschool

    0.45 miles

  • Kids & Company

    0.46 miles

  • Sonnets Academy

    0.49 miles

  • Taylor Tots

    0.53 miles

  • The Goddard School

    0.57 miles

  • Blocks Child Care Center

    1.00 miles

  • New Zion Childcare Academy

    1.23 miles

  • Adams Street Child Care Center

    1.30 miles

  • A Child’s Space

    1.37 miles

  • KinderCare

    1.48 miles

Frequently Asked Questions

How much does 1037 W Polk St cost?

The space currently listed for sale at 1037 W Polk St asks for $1,699,000.

What is the total square footage of 1037 W Polk St?

1037 W Polk St totals 5,882 square feet.

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Contact Listing Broker

broker

Ryan Blake

Essex 312