1041 W Polk Street, Chicago, IL 60607

Property Description

ESTATE SALE... Very rare assemblage opportunity consisting of three (3) adjacent parcels located at 1041, 1043, and 1045 W Polk St in the highly sought-after Little Italy / University Village area of Chicago. This offering presents an incredible development opportunity in one of the city's most dynamic and supply-constrained submarkets. The property is ideally positioned just west of the Loop with immediate access to Downtown Chicago, I-290, CTA, and major arterial roads, and is surrounded by a strong mix of institutional, residential, medical, and retail uses. The area benefits from close proximity to UIC, Rush Medical District, and the rapidly expanding West Loop, driving sustained demand for new residential and mixed-use development. University Village and Little Italy continue to experience strong population growth, rental demand, and investor interest, supported by limited available land, ongoing neighborhood investment, and excellent connectivity to employment centers. This assemblage offers a rare chance to control multiple contiguous parcels in a premier infill location with long-term upside. Ideal for developers, investors, or owner-users seeking a strategic position in one of Chicago's most desirable urban neighborhoods.

Listing Status:

Active

Data Last Updated:

February 15, 2026 at 7:18AM

Listing Office:

Brookline Real Estate LLC : 630-590-5910

Listing Agent:

William Lundy : 708-921-7952

MLS ID:

12535822

Exterior

• Parking: Parking spaces: 0

Location

• Road/Access: Asphalt
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 17174200040000

Utilities

• Utilities: Electric to SiteNatural Gas Available

Financial

• Source: mred
• Ownership: Fee Simple