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.
Active
Price cut: $300K (12/30)
$1,700,000
1041 W Polk St, Chicago, IL 60607
--beds
--baths
7,840.8Square Feet
Unimproved Land
Built in ----
7,840.8 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 33 days |
- 364 |
- 13 |
Zillow last checked: 8 hours ago
Listing updated: January 04, 2026 at 12:01am
Listing courtesy of:
William Lundy 708-921-7952,
Brookline Real Estate LLC
Source: MRED as distributed by MLS GRID,MLS#: 12535822
Facts & features
Property
Features
- Frontage type: None
- Frontage length: 78
Lot
- Size: 7,840.8 Square Feet
- Dimensions: 78x100
Details
- Additional parcels included: 17174200050000,17174200030000
- Parcel number: 17174200040000
- Special conditions: None
Utilities & green energy
- Utilities for property: Electric to Site, Natural Gas Available
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $117,000
- Annual tax amount: $15,162
- Date on market: 12/23/2025
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/30/2025 | Price change | $1,700,000-15% |
Source: | ||
| 12/23/2025 | Listed for sale | $2,000,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $2,477 +2.6% | $11,700 |
| 2022 | $2,415 +2.3% | $11,700 |
| 2021 | $2,361 +19.5% | $11,700 +32.4% |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: University Village - Little Italy
Nearby schools
GreatSchools rating
- 3/10Smyth J Elementary SchoolGrades: PK-8Distance: 0.4 mi
- 1/10Wells Community Academy High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





