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$1,580,000

1037 W Polk Street
Chicago, Illinois 60607

Closed / MLS #12319625 / Multiple Family / Near West Side
Listing information updated 8/22/2025 at 6:03am
Centrally located in the Near West side at the heart of the UIC East Campus. Building generates cash flow for any level of investor and is being offered at 7.43 Cap Rate w GRM below 10. This property consists of six apartments with a diverse mix of layouts, including one 1-bedroom, two 2-bedroom, two 3-bedroom, and one 4-bedroom unit. Apartments feature hardwood floors, stainless steel or white kitchen appliances, laminate countertops, central HVAC, and in-unit laundry. Rear units enjoy access to outdoor decks. Recently renovated apartments offer a glimpse of the potential for modern upgrades throughout the building. Investors have the opportunity to significantly increase rental income by making few cosmetic updates if desired. Spacious laundry room in the rear units may present the potential to add a second full bathroom.
Exterior Type:
Brick
Water Front:
No
Square Feet:
N/A
Built:
1885
Cooling System:
Central Air
Stories:
3
Current Use:
Multi-Family
Current Net Income:
$118,073
Unit 1:
4 room(s) / 1 bed(s) / 1 bath(s)
Unit 2:
4 room(s) / 2 bed(s) / 1 bath(s)
Unit 3:
5 room(s) / 3 bed(s) / 1 bath(s)
Unit 4:
6 room(s) / 4 bed(s) / 1 bath(s)
Tax Amount:
$22,865
Tax Year:
2023
Zip Code:
60607
City:
Chicago
County:
Cook

Listing Office: Essex 312, LLC

Listing Office Phone: 773.305.4858

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 8/22/2025 at 6:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Near West Side

Near West Side, IL

Just west of the Loop you’ll find an area that is home to restaurants, shops, official landmarks, and neighborhoods old and new. The Near West Side is made up of several noteworthy neighborhoods including Fulton River District, the West Loop, Little Italy, Greektown, University Village, and Tri-Ta...

CTA

CTA
Blue line at UIC-Halsted
CTA
Pink line at Clinton

Metra

Metra
BNSF Railway line at Halsted St Metra
Metra
Heritage Corridor line at Union Station
Metra
Milwaukee District North line at Union Station
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Milwaukee District West line at Union Station
Metra
North Central Service line at Union Station
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Southwest Service line at Union Station
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Union Pacific North line at Ogilvie Transportation Center
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Union Pacific Northwest line at Ogilvie Transportation Center
Metra
Union Pacific West line at Ogilvie Transportation Center
$545,628
Average Sale Price
64
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1037 W Polk Street, Chicago, IL 60607
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1037 W Polk Street, Chicago, IL 60607 is a multiple family which sold for $1,580,000. This multiple family has been listed on @properties Christie's International Real Estate since March 24th, 2025 and was built in 1885. The nearest transit stops include UIC-Halsted CTA Blue line and Halsted St Metra Metra BNSF Railway line.

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