On Market 1037 W. Polk St.,
Chicago, IL

Essex Three- Twelve has been exclusively engaged to market for sale, 1037 West Polk Street, a 6-unit Greystone apartment building located in the heart of Little Italy. This property has been in the same family for more than 40 years, providing investors with the opportunity to acquire a rarely available asset in one of Chicago’s oldest and most established neighborhoods.

The property is comprised of one 1 bed, two 2 beds, two 3 beds, and one 4 bed layout. Each unit features hardwood floors, stainless steel or white kitchen appliances, laminate countertops, central HVAC, in-unit laundry, and the rear units have access to outdoor decks. One unit was recently renovated and includes elevated finishes in the kitchen. An opportunity exists for an investor to increase rents significantly with cosmetic updates to the kitchens and baths in the remaining five apartments. The large laundry room in the rear units may also present an opportunity to make a second full bathroom.

Located on the south side of Polk Street just east of Carpenter Street, 1037 West Polk sits in arguably the most ideal pocket of Little Italy. The property is within blocks in almost every direction of various University of Illinois Chicago (UIC) facilities making it an excellent option for students. In addition, the UIC-Halsted & Polk L Stations and access to 90/290 expressways are less than a mile away, making it similarly convenient for a working professional commute. Fans of the neighborhood may also note that this property is roughly 500 feet from both Carm’s and Fontano’s Subs – two longstanding neighborhood staples, among many of the others just a few blocks further on Taylor Street.