Off market aug 2025 for $1.5M

—

•

6 ba

•

—

sq ft

1037 W Polk St, Chicago, IL 60607

About this home

Centrally located in the Near West side at the heart of the UIC East Campus. Building generates cash flow for any level of investor and is being offered at 7.43 Cap Rate w GRM below 10. This property consists of six apartments with a diverse mix of layouts, including one 1-bedroom, two 2-bedroom, two 3-bedroom, and one 4-bedroom unit. Apartments feature hardwood floors, stainless steel or white kitchen appliances, laminate countertops, central HVAC, and in-unit laundry. Rear units enjoy access to outdoor decks. Recently renovated apartments offer a glimpse of the potential for modern upgrades throughout the building. Investors have the opportunity to significantly increase rental income by making few cosmetic updates if desired. Spacious laundry room in the rear units may present the potential to add a second full bathroom.

Multi-familyProperty Type

1885Year Built

2,600 sq ftLot Size

Listed by Michael Masterson • Essex 312, LLC

Bought with Non Member • NON MEMBER

Redfin checked: 2 minutes ago

•Source:MRED as Distributed by MLS Grid #12319625

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in Little Italy, IL

Last updated September 2026

Sale-to-List Price

98.1%

+1.2% MoM

Median sale price

$337K

$15K MoM

Avg. days on market

112d

7 days MoM

Recently sold homes

12 MoM

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Provided by Redfin

Sale history for 1037 W Polk St

Date

Event

Price

MRED as Distributed by MLS Grid #12319625

Aug 18, 2025

Sold (MLS) (Closed)

$1,580,000

Apr 23, 2025

Contingent (Contingent - No Showings)

—

Mar 24, 2025

Listed (Active)

$1,589,000

MRED as Distributed by MLS Grid #12192119

Dec 5, 2024

Contingent (Contingent - Continue to Show)

—

Nov 30, 2024

Listing Removed

—

Nov 27, 2024

Listing Removed

—

MRED as Distributed by MLS Grid #12036095

Jun 28, 2024

Listing Removed

—

MRED as Distributed by MLS Grid #11902359

Nov 15, 2023

Listing Removed

—

MRED as Distributed by MLS Grid #11721512

Oct 5, 2023

Listing Removed

—

MRED as Distributed by MLS Grid #11717826

Feb 17, 2023

Listing Removed

—

RENT. #1

Nov 20, 2022

Rental Removed

—

Year

Property tax

Land + Additions

Assessment*

2023

$22,865 (+5.9%)

$14,560 + $103,440

$118,000

2022

$21,584 (+2.2%)

$11,700 + $96,300

$108,000

2021

$21,117 (+37.0%)

$11,700 + $96,300

$108,000

2020

$15,410 (−1.4%)

$8,840 + $63,208

$72,048

2019

$15,627 (+1.7%)

$8,840 + $72,113

$80,953

2018

$15,362 (+50.2%)

$8,840 + $72,113

$80,953

2017

$10,231 (−7.1%)

$7,800 + $42,939

$50,739

2016

$11,008 (+9.6%)

$7,800 + $49,657

$57,457

2015

$10,048 (+21.5%)

$7,800 + $49,657

$57,457

2014

$8,268 (+2.1%)

$6,500 + $40,635

$47,135

2013

$8,094 (−4.3%)

$6,500 + $40,635

$47,135

2012

$8,458 (−15.5%)

$6,500 + $40,635

$47,135

2011

$10,004 (+38.4%)

$8,840 + $58,284

$67,124

2010

$7,231 (−22.7%)

$8,840 + $58,284

$67,124

2009

$9,356 (−6.5%)

$8,840 + $58,284

$67,124

2008

$10,003 (+4.5%)

$9,776 + $68,015

$77,791

2007

$9,575

$9,776 + $68,015

$77,791

Tax history for 1037 W Polk St

Year

Property tax

Land + Additions

Assessment*

2023

$22,865 (+5.9%)

$14,560 + $103,440

$118,000

2022

$21,584 (+2.2%)

$11,700 + $96,300

$108,000

2021

$21,117 (+37.0%)

$11,700 + $96,300

$108,000

2020

$15,410 (−1.4%)

$8,840 + $63,208

$72,048

2019

$15,627 (+1.7%)

$8,840 + $72,113

$80,953

2018

$15,362 (+50.2%)

$8,840 + $72,113

$80,953

2017

$10,231 (−7.1%)

$7,800 + $42,939

$50,739

2016

$11,008 (+9.6%)

$7,800 + $49,657

$57,457

2015

$10,048 (+21.5%)

$7,800 + $49,657

$57,457

2014

$8,268 (+2.1%)

$6,500 + $40,635

$47,135

2013

$8,094 (−4.3%)

$6,500 + $40,635

$47,135

2012

$8,458 (−15.5%)

$6,500 + $40,635

$47,135

2011

$10,004 (+38.4%)

$8,840 + $58,284

$67,124

2010

$7,231 (−22.7%)

$8,840 + $58,284

$67,124

2009

$9,356 (−6.5%)

$8,840 + $58,284

$67,124

2008

$10,003 (+4.5%)

$9,776 + $68,015

$77,791

2007

$9,575

$9,776 + $68,015

$77,791

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

2,600 Sq. Ft.

Year renovated

—

Sq. Ft.

5,882

Year built

1883

Style

Multi-Family (5+ Unit)

County

Cook County

APN

17174200060000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 16, 2026.

RT-4

Residential Two-Flat, Townhouse and Multi-Unit District

The primary purpose of the RT districts is to accommodate detached houses, two-flats, townhouses and low-density, multi-unit residential buildings at a density and building scale that is compatible with RS districts. The districts are intended to be applied in areas characterized by a mix of housing types. The districts are also intended to provide a gradual transition between RS districts and higher density RM districts. The RT districts are differentiated primarily on the basis of allowed density (minimum lot area per unit) and floor area ratios.

Permitted uses

Include but are not limited to:

Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Public service

Property details

Interior

Equipment
# Of Dishwashers: 6
# Of Ranges: 6
# Of Washers: 5
# Of Dryers: 5
Washer/Dryer Lsd (Y/N): No

Unit Type 1 Information
# of Rooms: 4
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $1,200
Monthly Income Max: $1,200

Unit Type 2 Information
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 2
Monthly Income: $1,750
Monthly Income Max: $1,800

Unit Type 3 Information
# of Rooms: 5
# of Bedrooms: 3
# of Bathrooms (Total): 1
# of Full Bathrooms: 1.1
# of Units: 2
Monthly Income: $2,800
Monthly Income Max: $2,800

Unit Type 4 Information
# of Rooms: 6
# of Bedrooms: 4
# of Bathrooms (Total): 1
# of Full Bathrooms: 1.1
# of Units: 1
Monthly Income: $3,200
Monthly Income Max: $3,200

Exterior

Building Information
# of Units: 6
Built Before 1978 (Y/N): Yes
Roof Structure: Flat
Construction Materials: Brick

Property Information
Property Type: Multi Family 5+
Parcel Number: 17174200060000

Lot Information
Dimensions: 26' X 100'

Financial

Tax Information
Tax Annual Amount: $22,865
Tax Year: 2023

Financial Information
Finance Code: Conventional
Gross Rent Multiplier: 9.77
Total Monthly Income: $13,550
Gross Income: $162,600

Utilities

Utility Information
Electric: Circuit Breakers, Service - 101 to 200 Amps

Heating & Cooling
Heat/Ventilation: Forced Air,Gas
Cooling: Central Air

Location

Location Information
Directions: Polk Street east of Carpenter, 1 block west of campus

Public facts

Beds: 12
Baths: 6.0
Sq. Ft.: 5,882
Stories: 3.0
Lot Size: 2,600 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1883
Year Renovated: —
County: Cook County
APN: 17174200060000

Home facts updated by county records on Sep 16, 2026

Other

Expense Information
Water Sewer Expense: $1,680
Water Expense Source: Actual
Electric Expense: $480
Trash Expense: $120
Insurance Expense: $3,400

Listing Information
Some Photos Virtually Staged?: No

Around this home

Schools

Smyth J Elementary School

Public PreK-8 • Assigned • 0.4mi

2/10

Wells Community Academy High School

Public 9-12 • Assigned • 2.1mi

1/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 99° expected this year, 14 days in 30 years

2/10 Wind Factor

0% chance of strong winds in next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Chicago, IL • 60607

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.3 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

10.3 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 1037 W Polk St

Data from public records.

Address	Redfin Estimate
1031 West Polk St Apt 2, Chicago, IL 12 Beds \| 6 Baths \| 7974 Sq. Ft.	—
1045 West Polk St, Chicago, IL 4 Beds \| 1.5 Baths \| 1400 Sq. Ft.	$1,058,484

Address	Redfin Estimate
1047 West Polk St, Chicago, IL 4 Beds \| 4.5 Baths \| 4000 Sq. Ft.	$1,545,072
812 South Miller St, Chicago, IL 3 Beds \| 2 Baths \| 1300 Sq. Ft.	$443,894

Address	Redfin Estimate
1049 West Polk St, Chicago, IL 6 Beds \| 5 Baths \| 5460 Sq. Ft.	—
813 South Carpenter St Apt 2, Chicago, IL 5 Beds \| 1.5 Baths \| 1476 Sq. Ft.	$816,392

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in Little Italy, IL

Sale history for 1037 W Polk St

Tax history for 1037 W Polk St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 60605

Home values near 1037 W Polk St

More real estate resources