Properties

Features
: Central Air
Address Map
US
IL
Cook
Chicago
60607
Polk
1037
Street
W88° 20' 50.5''
N41° 52' 17.9''
Polk Street east of Carpenter, 1 block west of campus
CHI - Near West Side
CHI - Near West Side
W
W
Additional Information
: Brick
: Multi-Family
Circuit Breakers,Service - 101 to 200 Amps
Circuit Breakers,Service - 101 to 200 Amps
26' X 100'
6
6
3
Essex 312, LLC
Michael Masterson
Financial
22865
Listing Information
1013816
88183
MRED
Listing Information
Active
2025-04-03T08:06:03Z
2025-03-30T05:05:25Z
Property Description

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.

Commercial Sale For Sale

1037 W Polk Street, Chicago, Illinois 60607

$1,589,000
Listing ID#12319625
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12319625
Price : $1,589,000
Year Built : 1885
Listing Status : Active
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