Three-Unit Residential Income
For Sale
Contact for pricing
1114 W Polk Street, Chicago, IL 60607
Estate-sale triplex on W Polk Street sold as-is, with Units 1 and 2 needing full rehab and Unit 3 in good condition.
Days on Market98
Property Features for 1114 W Polk Street
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Tenancy
Multi
Listing Agency:
Brookline Real Estate
(630) 590-5910
Listed By:
Bill Lundy · License #IL
Source:
Crexi
Added: Apr 24
Changed: Jul 21
Last Checked: Jul 23 at 4:06AM
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
Investment Insights
Based on property information with market context.
This estate-sale three-unit residential income property (triplex) at 1114 W Polk Street is being sold as-is, with limited knowledge available from the seller and estate attorney. The offering includes three separate units, with Units 1 and 2 described as requiring full rehabs, while Unit 3 is reported to be in relatively good condition for immediate use or income. The seller has not verified unit layouts, room counts, square footage, rents, leases, utilities, or building systems, and MLS data may include placeholder information where applicable. Buyer should independently verify all information, including unit configuration, zoning, and condition.
The property is located in the Little Italy / University Village area of Chicago and is described as being just minutes from UIC, the Medical District, downtown, and major transportation corridors. The area is presented as a supply-constrained rental market with ongoing neighborhood investment.
The practical opportunity is centered on bringing Units 1 and 2 to their full potential, while maintaining Unit 3 as a basis for immediate occupancy or income during renovations.
The property is located in the Little Italy / University Village area of Chicago and is described as being just minutes from UIC, the Medical District, downtown, and major transportation corridors. The area is presented as a supply-constrained rental market with ongoing neighborhood investment.
The practical opportunity is centered on bringing Units 1 and 2 to their full potential, while maintaining Unit 3 as a basis for immediate occupancy or income during renovations.
Key Highlights
- Estate‑sale triplex on W Polk Street sold as‑is.
- Units 1 and 2 require full rehab.
- Unit 3 is in relatively good condition for immediate use or income while renovations are completed.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,822
Businesses Nearby
Explore this area
Business Placement
Demographics for 60607, IL
31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Estate-sale triplex on W Polk Street sold as-is, with Units 1 and 2 needing full rehab and Unit 3 in good condition.
Where is this triplex located?
The property is located at 1114 W Polk Street Chicago, IL.
What are key features of this property?
This property features: Estate‑sale triplex on W Polk Street sold as‑is.; Units 1 and 2 require full rehab.; Unit 3 is in relatively good condition for immediate use or income while renovations are completed.
