Property Description

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.

Features & Information

Key Details

List Price $1,700,000
Property Taxes $15,162
Acreage 0.18
Lot Dimensions 78x100
Status Price Change

Schools

Elementary School District 299
Junior High District 299
High School District: 299

Location

General Information None
County Cook
Township West Chicago
Corporate Limits Chicago
Directions to Property From The Loop: Take I-290/washington Blvd West To Ashland Ave. Head South On Ashland Ave To Polk St, Then East On Polk St To The Property On The South Side Of The Street Between Sangamon St And Racine Ave.

Property Taxes
Tax $15,162
Tax Year 2024
Tax Exemptions Homeowner,Senior
Parcel Identification Number 17174200040000

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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