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1041-1045 W Polk st - 1041-1045 W Polk St, Chicago 0.18 Acres of Residential Land Offered at $1,600,000 in Chicago, IL 60607

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Executive Summary

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.

Property Facts

Price	$1,600,000	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Multifamily Apartment Units - Condo
No. Lots	1	Total Lot Size	0.18 AC
Property Type	Land
Zoning	RT-4

Price	$1,600,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily Apartment Units - Condo
Total Lot Size	0.18 AC
Zoning	RT-4

1 Lot Available

Lot 3

Price	$1,600,000	Lot Size	0.18 AC
Price Per AC	$8,888,888.89

Price	$1,600,000
Price Per AC	$8,888,888.89
Lot Size	0.18 AC

Rare Development Assemblage: Three contiguous lots totaling ±0.18 acres—an extraordinary, hard-to-replicate opportunity in Little Italy.

Description

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.

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