Active

1075 W Polk Street

Chicago IL, 60607

$1,150,000


Active

5 Beds

6 Baths

Multi-family

Courtesy of Compass

Rare Opportunity in Little Italy/UIC Neighborhood: First Time on Market in Over 50 Years! Welcome to this meticulously renovated, fully brick legal 4-unit building nestled in the heart of Little Italy/UIC neighborhood. This property, lovingly maintained since its original purchase over half a century ago, offers a unique investment opportunity with significant updates completed in 2016. Each of the 4 units has been tastefully renovated, featuring new mechanicals, flooring, kitchens, and bathrooms. Unit 1R stands vacant, presenting an ideal opportunity for an owner-occupied arrangement. The units include three 1-bedroom, 1-bathroom units and a spacious 2-bedroom, 2.5-bathroom duplex down (Unit 1F). Recent updates include a 9-year-old roof and freshly completed annual tuck pointing just two weeks ago. A professional management company currently manages the property on a flexible month-to-month contract. Additional highlights include two additional parking spaces, ensuring convenience for tenants. Perfectly situated for urban living, the location offers easy access to public transportation, retail shops, expressways, and parks. This property represents a turnkey investment opportunity with stable rental income and substantial recent improvements. Don't miss your chance to own this prime piece of real estate in one of Chicago's most vibrant neighborhoods. Schedule your showing today! At this time, we're only showing unit 1R and the basement. We can schedule a 2nd showing to tour the remaining units.

12118522

MLS ID

July 25, 2024

Listed

February 24, 2025

Updated

Interior Features

Bedrooms

5


Total Bathrooms

6


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Exterior Features

Cable Access


Roof

Asphalt


Sewer

Public Sewer

School Information

School District

299

Other Property Details

Area Name

CHI - Near West Side


Taxes

$13,973


Tax Frequency

Annually


Days on Market

24


Garage

No


Parking

Off Street


Parking Total

2


View

No


County

Cook


Municipality

West Chicago


Water Source

Lake Michigan, Public


Pool

No


Zoning

MULTI

Courtesy of Compass, Benyamin Lalez,
Listing Contact: 773-466-7150 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Armando Chacon Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 2/24/2025. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2025 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 4:35 PM UTC, 2/24/2025

 

 

Powered byLuxury Presence