1041 W Polk St Chicago, IL 60607
Little Italy NeighborhoodEstimated payment $11,774/month
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $15,162
Lot Details
- Lot Dimensions are 78x100
- Additional Parcels
Utilities
- Electricity To Lot Line
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,477 | $14,560 | $14,560 | -- |
| 2023 | $2,415 | $11,700 | $11,700 | -- |
| 2022 | $2,415 | $11,700 | $11,700 | $0 |
| 2021 | $2,361 | $11,700 | $11,700 | $0 |
| 2020 | $1,976 | $8,840 | $8,840 | $0 |
| 2019 | $1,782 | $8,840 | $8,840 | $0 |
| 2018 | $1,752 | $8,840 | $8,840 | $0 |
| 2017 | $1,685 | $7,800 | $7,800 | $0 |
| 2016 | $1,562 | $7,800 | $7,800 | $0 |
| 2015 | $1,429 | $7,800 | $7,800 | $0 |
| 2014 | $1,230 | $6,630 | $6,630 | $0 |
| 2013 | $1,206 | $6,630 | $6,630 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/21/2025 12/21/25 | For Sale | $2,000,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12535822
APN: 17-17-420-004-0000
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