3046 West Polk, Chicago IL 60612
$499,000

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Property Description

Exceptional opportunity for both owner-occupants and investors to acquire a solid brick 3-flat in the rapidly evolving East Garfield Park/Illinois Medical District corridor. The property consists of three spacious 3-bedroom, 1-bathroom units with separately metered utilities, allowing tenants to have their own gas and electric. Property to be sold occupied. Each unit includes a stove and refrigerator, while the unfinished basement offers additional potential and flexibility for a future owner. Whether you're looking to owner-occupy or add a strong multi-unit asset to your portfolio, this property offers a variety of possibilities and long-term upside. Ideally located just minutes from I-290, CTA public transportation, the United Center, the University of Illinois Chicago, and the Illinois Medical District (IMD), one of the largest urban medical districts in the United States. The area continues to benefit from ongoing investment, redevelopment, healthcare expansion, and economic growth. 3046 W Polk presents an excellent opportunity to acquire a well-maintained multi-unit property in one of Chicago's most rapidly developing neighborhoods. Property to be sold occupied. Seller will not provide notice to vacate. Buyer to honor existing tenancies. Units 1 and 2 are month-to-month; Unit 3 lease expires 12/2026.

Features & Information

Key Details

  • List Price $499,000
  • Property Taxes $6,191.80
  • Price/ Sq. Ft. Unavailable
  • Year Built 1913
  • Parking Type Space/s
  • Status Active

Rooms

  • Total Rooms 15
  • Basement F

Exterior Features

  • Parking

  • Parking Details Space/s
  • # of Cars:  2

Building Information

  • Number of Units 3
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Gas, Forced Air
  • Units

  • Unit 1 Stove, Refrigerator
  • Unit 2 Stove, Refrigerator
  • Unit 3 Stove, Refrigerator

Location

  • County Cook
  • Township West Chicago
  • Corporate Limits Chicago
  • Directions to Property South On Sacramento To 3046 W. Polk Street
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 6191.80
  • Tax Year 2024
  • Tax Exemptions Homeowner
  • Parcel Identification Number 16133090290000

Utilities

  • Sewer Sewer-Publ

Listed by: Compass | Phone: 312.319.1168
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 6/9/2026 7:32 AM. 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 East Garfield Park

Picturesque gardens and organic produce markets cross paths with vintage graystones and soul food restaurants in this long established - and now re-established - west side Chicago neighborhood. East Garfield Park is probably best known for the Garfield Park Conservatory which is one of the largest in the U.S. Like taking a step into another hemisphere, the conservatory is your ticket to a lush tropical climate with 30-foot palm trees and fragrant orchids, even in the dead of winter. The rest of the 185-acre park transports visitors to a fashionable Parisian-inspired commons with grand promenades, large ponds and landscaped grounds. On the restaurant front, East Garfield Park is a jackpot of American cuisine with a twist of southern cooking thrown in. Red hots, hamburgers and fries, fried fish and chicken, macaroni and cheese, submarines, peach cobblers and any other comfort food you can think of. For a taste of East Garfield Park's retail business just head over to Madison Street for the best shopping stops.

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