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1077 W Polk St
Chicago, IL 60607
1077 W Polk St, Chicago IL · Multifamily Property For Sale
·
2 Units
Executive Summary
This property is a full gut renovation. Prime University Village / Little Italy infill location – You’re positioned just west of the Loop in one of Chicago’s most reliable, renter-driven submarkets.
Demand anchored by major institutions – Minutes to UIC and the Illinois Medical District, supporting a deep, year-round tenant base (students, residents, hospital staff, downtown professionals).
Transit-connected, commuter-friendly – Convenient access to multiple CTA lines plus quick connectivity to downtown and key employment nodes.
True value-add / full gut renovation – Clear path to renovate and reposition to market-rate finishes, driving meaningful rent upside once stabilized.
Multiple exit strategies – Execute as a buy/renovate/hold, buy/renovate/sell, or evaluate redevelopment potential based on your plan and approvals.
Surrounded by established multifamily + active development – Neighborhood momentum supports long-term appreciation and strong resale/stabilized cap-rate demand.
Strong rental absorption profile – Dense, walkable area with consistent leasing velocity driven by proximity to downtown, campuses, and the medical corridor.
Demand anchored by major institutions – Minutes to UIC and the Illinois Medical District, supporting a deep, year-round tenant base (students, residents, hospital staff, downtown professionals).
Transit-connected, commuter-friendly – Convenient access to multiple CTA lines plus quick connectivity to downtown and key employment nodes.
True value-add / full gut renovation – Clear path to renovate and reposition to market-rate finishes, driving meaningful rent upside once stabilized.
Multiple exit strategies – Execute as a buy/renovate/hold, buy/renovate/sell, or evaluate redevelopment potential based on your plan and approvals.
Surrounded by established multifamily + active development – Neighborhood momentum supports long-term appreciation and strong resale/stabilized cap-rate demand.
Strong rental absorption profile – Dense, walkable area with consistent leasing velocity driven by proximity to downtown, campuses, and the medical corridor.
Property Facts
Amenities
Unit Amenities
- Disposal
- Heating
- Tub/Shower
- Instant Hot Water
- Window Coverings
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Individual Locking Bedrooms
- Walk-Up
- Smoke Detector
Property Taxes
| Parcel Number | 17-17-418-013-0000 | Improvements Assessment | $66,215 CAD |
| Land Assessment | $18,327 CAD | Total Assessment | $84,542 CAD |
Property Taxes
Parcel Number
17-17-418-013-0000
Land Assessment
$18,327 CAD
Improvements Assessment
$66,215 CAD
Total Assessment
$84,542 CAD
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