2716 W Polk St Chicago, IL 60612
Garfield Park NeighborhoodEstimated payment $4,517/month
About This Home
Investor's dream in the heart of the city WITH VERY strong CAP rate! This all-brick 3-flat is a prime opportunity with incredible income potential. Each spacious unit boasts 3 bedrooms and 2 baths, updated interiors, laundry in-unit. Rents are currently below market, offering room for increased profitability. The first and second floors feature soaring 9-ft ceilings, while the third floor impresses with cathedral ceilings and skylights for abundant natural light. Enjoy the convenience of outdoor terraces for each unit, perfect for relaxation or entertaining. The property includes a 3-car brick garage and a wrought iron fence surrounding the premises, adding security and curb appeal. Recent updates include a new front exterior staircase. This property has been well-maintained, professionally managed, and offers the flexibility to move into one unit while renting the other two. Located near the Medical District, Tri-Taylor, and all the amenities the area has to offer, this is an ideal location for tenants. Don't miss out on this rare investment opportunity - schedule your showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,221
Year Built
- Built in 2005
Lot Details
- Lot Dimensions are 25 x 125
Parking
- 3 Car Garage
Home Design
- Brick Exterior Construction
- Stone Siding
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 6 Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 3 Units
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
06/19/2025 06/19/25 | For Sale | $675,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12397880

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