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Property Description

Located in the heart of Little Italy / University Village, 1106-1108 W Polk St offers a compelling multifamily value-add opportunity in a proven rental submarket. The property features two buildings totaling eight (8) residential units, including a front building in good overall condition (that will require repairs) and a rear coach house requiring extensive repairs. This layout provides immediate income from the front building with clear upside through renovation and repositioning of the coach house. The asset is ideally positioned near UIC, major medical institutions, downtown Chicago, and public transportation, benefiting from consistent renter demand. Little Italy / University Village is known for its historic charm, walkability, strong tenant base, and ongoing neighborhood investment. This offering is well-suited for investors seeking meaningful value-add potential in a core Chicago location. Property is owned by a family estate. Unit mix, bedroom/bath counts, and unit sizes are unknown and approximate. Buyer to verify all information.

Features & Information

Key Details

List Price $1,350,000
Property Taxes $36,297
Price/ Sq. Ft. Unavailable
Year Built 1891
Status Contingent

Building Information

Age of Building Older
Heating & Cooling Forced Air, Gas

Location

County Cook
Directions to Property From I-290, Exit At Racine Ave And Head South To Polk St. Turn West On Polk St To The Property. From I-90/94, Exit At Roosevelt Rd, Head West To Racine Ave, Turn North On Racine Ave To Polk St, Then West To The Property.

Property Taxes
Tax 36297
Parcel Identification Number 17174100240000

Listed by: Brookline Real Estate LLC | Phone: 630.590.5910
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 12/31/2025 1:32 PM. 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.

Explore University Village

Italian ice,the origins of the hotdog and backpack-toting college students are just a sampling of the rich cultural backdrop of this near southwest side Chicago setting.University Village/Little Italy is a union of two separate communities that have merged as one, bringing the best of both worlds to a single Chicago neighborhood. The University of Illinois Chicago campus instills a collegiate sensibility with faculty and students milling about, while the blocks of Little Italy present a much quainter appeal with friendly front stoops occupied by groups of neighbors gathered to chat. Much anticipated Little Italy street festivals and holiday parades give community members even more reason to congregate, along with throngs of other Chicagoans who come to partake in the fun. Lying catty-corner to the Chicago Loop, this neighborhood's proximity to the bustling city center is convenient, without marring the area's characteristic Old World charm. A quick ride on the Blue Line Eltrain or a short trip on the Eisenhower Expressway will get you right downtown in minutes.

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