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1041-1045 W Polk st
Chicago, IL 60607 University Village

$1,600,000 USD

Land For Sale  •  0.18 AC

Property Details

  • Property Type Land
  • Lot Size 0.18 AC
  • Zoning RT-4
90 Transit Score
90 Walk Score

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.

Public Transportation

Commuter RailDriveWalkDistance
Halsted Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min - 1.3 mi
Chicago Union Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra), Heritage Corridor Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra), SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 1.5 mi
Transit/SubwayDriveWalkDistance
Uic-Halsted Station (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 4 min 8 min 0.5 mi
Racine Station (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 5 min 12 min 0.6 mi
Clinton Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 16 min 0.9 mi
Polk Station (Pink Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 18 min 1.0 mi
Morgan (Green Line - Chicago Transit Authority) 4 min 20 min 1.1 mi
AirportDriveWalkDistance
Chicago Midway International 17 min - 10.0 mi
Chicago O'Hare International 29 min - 18.4 mi
William Lundy 708-921-7952 Brookline Real Estate
William Lundy 708-921-7952 Brookline Real Estate