1037 W Polk Street Chicago, IL ^$ 1,699,000

1037 W Polk Street

^$ 1,699,000

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1037 W Polk Street

Chicago, IL, 60607

^$ 1,699,000

Bedrooms10 Baths0.0

Monthly Estimate*

^$ 11,292

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Multi-Family Home for sale in Chicago, IL

for $1,699,000 with 10 bedrooms. This home was built in 1885.

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.

Multi-Family Active

Price

^$ 1,699,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 21,584

Style

Multi-Family

Year Built

1885

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12036095

Features

General

Cooling Central Air

Construction Materials Brick

Year Built 1885

Electric Circuit Breakers Service - 101 to 200 Amps

Tenant Pays Air Conditioning Electricity Heat

Stories 3

Tax Year 2022

Current Use Multi-Family

Gross Income 158100

County Cook

Net Operating Income 115207

Operating Expense 39605

Insurance Expense 3400

Property Type Commercial Sale Multi Family 5+

Status Active

Directions Polk Street east of Carpenter 1 block west of campus

City Chicago

Total Units 6

MLS Area CHI - Near West Side

Street Name Polk

Tax Annual Amount 21584

Electric Expense 480

Fuel Expense 0

Trash Expense 120

Water Sewer Expense 1680

Additional Parcels Y/N N

Days on Market 12

Standard Status Active

Exterior

Lot Dimensions 26' X 100'

Exterior Brick

Interior

Street Suffix Street

* Excluded Features

List By

Essex 312, Llc

Broker

ryan@essex312.com

Affordability Calculator

$13,091

Per Month

Monthly Principal & Interest: $11,292
Monthly Property Taxes: $1,799
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$641,158

Percent of Sale Price 62%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/22/2024	$1,699,000		Listed Price

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1037 W Polk Street, Chicago, IL, 60607 is a Multi-Family Home for sale at $1,699,000. 1037 W Polk Street has 10 bedrooms, 0.0 baths, and was built in 1885. The property's zip code is 60607 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 5/28/2024.

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1037 W Polk Street

Multi-Family Home for sale in Chicago, IL

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