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1041 W Polk Street Chicago, IL 60607

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For Sale
$1,600,000

Three adjacent parcels in Chicago's Little Italy / University Village.

Type:Land or Vacant Lot
Added:
Dec 23, 2025
Days on Market:
120
Last Refresh:
Apr 5 at 9:33 pm

Property Features for 1041 W Polk Street

General Information

Standard status
Active
Property subtype
Land or Vacant Lot

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Listing Contact
WILLIAM LUNDY

Listing agent WILLIAM LUNDY License #475174897

Listing office BROOKLINE REAL ESTATE LLC

Listing date Dec 23, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of BROOKLINE REAL ESTATE LLC


Overview

Rare Little Italy Land Assemblage

This offering features a rare assemblage opportunity consisting of three adjacent parcels located at 1041, 1043, and 1045 W Polk St in the Little Italy / University Village area of Chicago. This presents a development opportunity in a dynamic submarket. The property is positioned just west of the Loop with access to Downtown Chicago, I-290, CTA, and major arterial roads, and is surrounded by institutional, residential, medical, and retail uses. The area benefits from proximity to UIC, Rush Medical District, and the West Loop, driving demand for new residential and mixed-use development. University Village and Little Italy continue to experience population growth, rental demand, and investor interest, supported by limited available land and neighborhood investment. This assemblage offers a chance to control contiguous parcels in a premier infill location. It is ideal for developers, investors, or owner-users seeking a position in one of Chicago's urban neighborhoods.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Law Firm Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6526
Latitude
41.8716

FAQs

What type of property is this?
Commercial land - Three adjacent parcels in Chicago's Little Italy / University Village.
Where is this commercial land located?
The property is located at 1041 W Polk Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Rare assemblage opportunity: three adjacent parcels in Little Italy/University Village.; Prime location: ideally positioned near the Loop with immediate access to Downtown Chicago, I‑290, and CTA.; Strong growth area: located in a dynamic area with strong population growth, rental demand, and investor interest.
More about this property
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