1037 West Polk Street

Chicago, IL 60607

$1,699,000
Price
15
Beds
6
Baths
3
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Ryan Blake • Essex 312, LLC

Property Details for 1037 West Polk Street

Area
CHI - Near West Side

Location

Listing Courtesy of Essex 312, LLC
Add your commute
LISTING UPDATED: 05/03/2024 03:20 PM

Property Details for 1037 West Polk Street

StatusActive
MLS #12036095
Days on Market11
Taxes$21,584 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1885
Lot Size0.06 AC / 2,600 SF
CountyCook County

Location

Listing Courtesy of Essex 312, LLC
Add your commute

Building Information for 1037 West Polk Street

Stories-Residences6Year Built1885Building Size-Lot Size0.06 AC / 2,600 SF

Payment Calculator

$11,071 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,272

Property Taxes

$1,799

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1037 West Polk Street

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • # Of Washers: 5
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 5
  • # Of Dishwashers: 6
  • Num of Baths: 6.3
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 26' X 100'
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Structure: Flat
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 24
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $480.00
  • Fuel Expense: $.00
  • Gross Income: $158,100.00
  • Gross Scheduled Income: $159,600.00
  • Insurance Expense: $3,400.00
  • Maintenance Expense: $2,900.00
  • Manager Expense: $7,741.00
  • Electric Expense Source: Actual
  • Expense Year: 2022
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 1200
  • Manager Expense Source: BP
  • Other Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 13175
  • Water Expense Source: Actual
  • Net Operating Income: $115,207.00
  • Operating Expense: $39,605.00
  • Other Expense: $1,700.00
  • Trash Expense: $120.00
  • Water Sewer Expense: $1,680.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1037 West Polk Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1037 West Polk Street

Taxable ValueLand$11,700Additions$96,300Total$108,000
Tax Record2022$21,584 ($1,799 / month)
Home Facts
Baths6Total Finished SqFt5,882 SqFtAbove Grade Finished SqFt5,882 SqFtStories3Lot Size2,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1883CountyCOOKAPN17-17-420-006

Schools near 1037 West Polk Street

This home is within City Of Chicago School District 299.
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

Jackson A Elementary 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.

Neighborhood Map and Transit

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1037 West Polk Street is a multi-family home for sale in Chicago, IL 60607. This property was listed for sale on April 22, 2024 by Essex 312, LLC, it's currently listed at $1,699,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Smyth J Elementary School, Wells Community Academy High School and Galileo Elementary Math & Sci Schol Acd. 1037 West Polk Street is a 15-bed, 7.5-bath, multi-family home built in 1885.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Essex 312, 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. Based on information submitted to the MLS GRID as of 05/03/2024 03:20 PM. 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.