Sold
Last Sold Price
7,840 Lot Size0.18 Acres
1041 W Polk St, Chicago, IL 60607
LandProperty Type
7,840 sq ftLot Size

Description

Estate sale... Very rare assemblage opportunity consisting of three (3) adjacent parcels located at 1041, 1043, and 1045 W Polk St in the highly sought-after Little Italy / University Village area of Chicago. This offering presents an incredible development opportunity in one of the city's most dynamic and supply-constrained submarkets. The property is ideally positioned just west of the Loop with immediate access to Downtown Chicago, I-290, CTA, and major arterial roads, and is surrounded by a strong...Estate sale... Very rare assemblage opportunity consisting of three (3) adjacent parcels located at 1041, 1043, and 1045 W Polk St in the highly sought-after Little Italy / University Village area of Chicago. This offering presents an incredible development opportunity in one of the city's most dynamic and supply-constrained submarkets. The property is ideally positioned just west of the Loop with immediate access to Downtown Chicago, I-290, CTA, and major arterial roads, and is surrounded by a strong mix of institutional, residential, medical, and retail uses. The area benefits from close proximity to UIC, Rush Medical District, and the rapidly expanding West Loop, driving sustained demand for new residential and mixed-use development. University Village and Little Italy continue to experience strong population growth, rental demand, and investor interest, supported by limited available land, ongoing neighborhood investment, and excellent connectivity to employment centers. This assemblage offers a rare chance to control multiple contiguous parcels in a premier infill location with long-term upside. Ideal for developers, investors, or owner-users seeking a strategic position in one of Chicago's most desirable urban neighborhoods.

    Sold By Meridian Real Estate Chicago LLC

    • Listed by: William Lundy 630.590.5910 WL@Brooklinellc.com • Brookline Real Estate LLC
    Listing closed: 05/28/2026 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12535822

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    $9,904 per month

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    Principal and Interest

    $8,641

    Property Taxes

    $1,264

    HOA Dues

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    Property Information for 1041 West Polk Street

    Property Details
    • Taxes: $15,162 / year
    • MLS Type: Land
    • County: Cook County
    • Area: CHI - Near West Side
    • Township: West Chicago
    • Ownership: Fee Simple
    • Num Of Parking Spaces: 0.0
    Building Information
    • Lot Size: 0.18 AC
    General Information
    School Information
    • Elementary School District: 299
    • High School District: 299
    • Middle Or Junior School District: 299
    Location and General Information
    • Frontage Length: 78
    • Frontage Type: None
    Taxes and HOA Information
    • Additional Parcels: Yes
    Property Information
    Interior Features
    • Basement Bathrooms: No
    • Num of Baths: 0.0
    Exterior Features
    • Backup Package: No
    Utilities / Equipment
    • Utilities: Electric to Site, Natural Gas Available
    Property/Lot Information
    • Lot Size: Less Than .25 Acre
    • Lot Dimensions: 78x100
    • Approx Land Sq Footage: .18
    • Buildings on Land: Yes
    • Waterfront: No
    • General Information: None
    • North Coordinate: 0
    • South Coordinate: 800
    • East Coordinate: 0
    • West Coordinate: 1045
    Property and Assessments
    • Possible Use: Multi-Family
    • Public Document Count: 0
    • Photos Count: 9
    • OpenHouse Count: 0
    Miscellaneous
    • Road Surface: Asphalt
    • Total Listed Lots Avail: 3
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No

    Property History for 1041 West Polk Street

    DateEvent & SourcePriceAppreciation
    May 28, 2026

    Sold

    MRED #12535822

    $1,700,000
    Apr 29, 2026

    Pending

    MRED #12535822

    Apr 29, 2026

    Contingent

    MRED #12535822

    DateEvent & SourcePrice
    05/28/2026

    Sold

    MRED #12535822

    $1,700,000
    04/29/2026

    Pending

    MRED #12535822

    04/29/2026

    Contingent

    MRED #12535822

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 1041 West Polk Street

    Taxable ValueLand$14,560Additions-Total$14,560
    Tax Record2023$2,477 ($206 / month)
    Home Facts
    Beds0Lot Size2,600 SqFtStyleMiscellaneous Vacant LandZoningRT-4CountyCOOKAPN17-17-420-004-0000

    Schools near 1041 West Polk Street

    This home is within Chicago Public Schools.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 8
    Public - 9 to 12
    Public - K to 8
    Public - K to 8
    Rating
    School
    Distance
    Smyth J Elementary School
    PublicPK to 8

    Wells Community Academy High School
    Public9 to 12

    Chicago World Language Academy
    PublicK to 8

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Brookline Real Estate LLC

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/31/2026 03:01 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.