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    2716 W Polk St Chicago, IL 60612

    For Sale
    $650,000

    Residential Income - Chicago, IL

    Days on Market:
    15
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 2716 W Polk St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    APN
    16134080390000
    Parking
    3

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    2005
    Architectural style
    Other

    Keller Williams Realty Infinity (630) 778-5800 [email protected]

    Listing agent Neveen Michael (630) 778-5800 License #475141115

    Listing date Nov 29, 2025

    MLS# 12525077 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Three-Unit Income Property

    This all-brick three-unit building in Chicago, Illinois, presents an investment opportunity. Each unit features 3 bedrooms and 2 baths, along with in-unit laundry. The property includes a 3-car brick garage and a wrought iron fence. Outdoor terraces are available for each unit. The first and second floors have 9-ft ceilings, while the third floor features cathedral ceilings and skylights. A new front exterior staircase has been installed. The property has been professionally managed. It is located near the Medical District and Tri-Taylor. The zoning is MULTI. The building offers the flexibility to occupy one unit while renting out the other two. The property is suitable for residential income purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.694315
    Latitude
    41.871341

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    FAQs

    What type of property is this?
    Apartment building - All-brick three-unit building with updated interiors and income potential.
    Where is this apartment building located?
    The property is located at 2716 W Polk St Chicago, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - High income potential due to below-market rents.; - Three spacious units, each with 3 bedrooms and 2 baths, and in-unit laundry.; - Desirable location near the Medical District and Tri-Taylor.
    (630) 778-5800
    Request Owner's contact information
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    Chicago, IL 60612
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2716 W Polk St Chicago, IL 60612
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