1037 W Polk Street
Chicago, IL, 60607
$1,589,000
Beds
0 Baths
0 SqFt
0 Acres
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$1,589,000
1037 W Polk Street
Chicago, IL, 60607
MLS #MRD12319625 img 0
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.

Property Details

Price:
$1,589,000
MLS #:
MRD12319625
Status:
Active
Beds:
0
Baths:
0
Address:
1037 W Polk Street
Type:
Commercial
Neighborhood:
CHI – Near West Side
City:
Chicago
Listed Date:
Mar 24, 2025
State:
IL
ZIP:
60607
Year Built:
1885

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$118,073
Tax Year
2023
Taxes
$22,865
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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1037 W Polk Street
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