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  • 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

    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.
    33 days
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    364
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    13
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    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#: 12535822MLS Logo

    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
    DateEventPrice
    12/30/2025Price change$1,700,000-15%
    Source: MRED as distributed by MLS GRID #12535822 Report a problem
    12/23/2025Listed for sale$2,000,000
    Source: MRED as distributed by MLS GRID #12535822 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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
    All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
    HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
    Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
    See how much you could borrow to make a competitive offer.

    Boost your down payment with 6% savings match

    Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.

    Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

    Climate risks

    Neighborhood: University Village - Little Italy

    Nearby schools

    GreatSchools rating
    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.

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