Active
1041 Polk Street
Chicago, IL 60607
$1,600,000 ▼ $400,000
Originally listed at $2,000,000
· reduced $400,000
0beds
0baths
—sqft
0.18acres
Anything from "is it priced right?" to "what's the catch?"
About this home
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.
MLS Description — as provided by the listing brokerage.
Location
The facts
Property typeLand
Total parking0
Lot size0.18 acres
Lot dimensions78x100
AreaCHI - Near West Side
Annual tax$15,162
First listedDec 21, 2025
Parcel #17174200040000
CountyCook
MLS #MRD12535822
Days on market126
Photos9
Features
Utilities
Electric to SiteNatural Gas Available
Listed by
Brookline Real Estate LLC
William Lundy · 708-921-7952
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/25/2026, 4:11:15 PM. All data should be independently verified.
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