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$ 1,700,000
$ 1,600,000 6.3%
Est. payment /mo
Sold on 05/28/2026
1041 W Polk ST Chicago, IL 60607
7,840 Sqft Lot
UPDATED:
Key Details
Sold Price $1,700,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12535822
Sold Date 05/28/26
Annual Tax Amount $15,162
Tax Year 2024
Lot Size 7,840 Sqft
Lot Dimensions 78x100
Property Sub-Type Land
Property 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 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.
Location
State IL
County Cook
Area Chi - Near West Side
Interior
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by William Lundy of Brookline Real Estate LLC
Bought with James Sheehan of Meridian Real Estate Chicago LLC
Bought with James Sheehan of Meridian Real Estate Chicago LLC