3132 Polk St, Chicago, IL 60612
This exceptional 3,125 square foot lot, located at 3132 W Polk St in Chicago, IL 60612, presents a compelling investment opportunity. Zoned RT-4, this property allows for the development of up to three residential units, capitalizing on the high demand for housing in this vibrant area. The convenient location offers easy access to major transportation arteries, including I-290 and the CTA Blue Line, providing seamless connectivity to the city's business district and beyond. Situated in Cook County, near the Near West Side, this property benefits from its proximity to the Illinois Medical District, a hub of healthcare activity, and the University of Illinois at Chicago, ensuring a strong rental market fueled by both medical professionals and students. The surrounding area boasts a rich tapestry of cultural attractions, including the United Center and the lively West Loop dining scene, adding to the overall desirability of the location. This property's strategic positioning within a dynamic urban environment, combined with its versatile zoning and attractive price point of $29,000, makes it an exceptional prospect for both experienced and aspiring multifamily developers. The APN is 16-13-308-033-0000. Don't miss this chance to secure a piece of Chicago's thriving real estate market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.