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.
Vacant landProperty Type
7,840 sq ftLot Size
$217Price/Sq.Ft.
Listed by William Lundy• Brookline Real Estate LLC
Bought with James Sheehan• Meridian Real Estate Chicago LLC
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.
Utilities: Electric to Site, Natural Gas Available
Location
School Information
Elementary School District: 299
Middle Or Junior School District: 299
High School District: 299
Location Information
Township: West Chicago
Corporate Limits: Chicago
Directions: 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.
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 2,600 square feet
Style: Vacant Land
Year Built: —
Year Renovated: —
County: Cook County
APN: 17174200040000
Home facts updated by county records on Sep 16, 2026
Other
Listing Information
Holds Earnest Money: No
Possession: Closing
Some Photos Virtually Staged?: No
Teams Information
Buyer Team Name: Sheehan Real Estate
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
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)
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24
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Sun exposure
45/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
5.7 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$954,000 – $1.16M
Sell confidently with a local market expert in Chicago.