2716 West Polk Street

Chicago, IL 60612

$700,000
Price
9
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investor's dream in the heart of the city! This all-brick 3-flat is a prime opportunity with incredible income potential. Each spacious unit boasts 3 bedrooms and 2 baths, updated interiors, laundry in-unit, and great long-term tenants in place for unit 2 & 3. Rents are currently below market, offering room for increased profitability. The first and second floors feature soaring 9-ft ceilings, while the third floor impresses with cathedral ceilings and skylights for abundant natural light. Enjoy...Investor's dream in the heart of the city! This all-brick 3-flat is a prime opportunity with incredible income potential. Each spacious unit boasts 3 bedrooms and 2 baths, updated interiors, laundry in-unit, and great long-term tenants in place for unit 2 & 3. Rents are currently below market, offering room for increased profitability. The first and second floors feature soaring 9-ft ceilings, while the third floor impresses with cathedral ceilings and skylights for abundant natural light. Enjoy the convenience of outdoor terraces for each unit, perfect for relaxation or entertaining. The property includes a 3-car brick garage and a wrought iron fence surrounding the premises, adding security and curb appeal. Recent updates include a new front exterior staircase. This property has been well-maintained, professionally managed, and offers the flexibility to move into one unit while renting the other two. Located near the Medical District, Tri-Taylor, and all the amenities the area has to offer, this is an ideal location for tenants. Don't miss out on this rare investment opportunity - schedule your showing today!
  1. Listed by Neveen Michael • Keller Williams Infinity

Property Details for 2716 West Polk Street

Area
CHI - East Garfield Park
Township
South Chicago
Ownership
Fee Simple
Num Of Garage Spaces
3.0
Num Of Parking Spaces
3.0
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI
LISTING UPDATED: 01/08/2025 12:07 AM

Property Details for 2716 West Polk Street

StatusActive
MLS #12263311
Days on Market7
Taxes$11,221 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built2005
Lot Size0.07 AC / 3,125 SF
CountyCook County

Building Information for 2716 West Polk Street

Stories-Residences3Year Built2005Building Size-Lot Size0.07 AC / 3,125 SF

Property Information for 2716 West Polk Street

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Type: Attached
  • Parking: Garage
Location and General Information
  • Postal Code Plus 4: 0
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 18
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 9
  • Basement Description: None
  • Basement Bathrooms: No
  • # Full Baths in Building: 6
  • # Half Baths in Building: 0
  • Num of Baths: 6.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: No
  • Age: 16-20 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25 X 125
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick, Glass, Stone
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • North Coordinate: 0
  • South Coordinate: 700
  • East Coordinate: 0
  • West Coordinate: 2716
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 25
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $.00
  • Other Expense Source: Actual
  • Other Expenses $: 2248
Unit 1
  • Unit Type Actual Rent: $1,665.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 0
Unit 2
  • Unit Type Actual Rent: $1,615.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 08/25
Unit 3
  • Unit Type Actual Rent: $1,415.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: MTM

Property History for 2716 West Polk Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2716 West Polk Street

Taxable ValueLand$6,604Additions$46,395Total$52,999
Tax Record2022$10,938 ($912 / month)
Home Facts
Baths4.5Total Finished SqFt3,678 SqFtAbove Grade Finished SqFt3,678 SqFtStories3Lot Size3,145 SqFtStyleMulti-Family Res (5+ Units)Year Built2004CountyCOOKAPN16-13-408-039

Schools near 2716 West Polk Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Jensen Elementary Scholastic Academy
PublicPK to 8

Manley Career Academy High School
Public9 to 12

Ombudsman Chicago West
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2716 West Polk Street is a multi-family home for sale in Chicago, IL 60612. This property was listed for sale on January 2, 2025 by Keller Williams Infinity, it's currently listed at $700,000. It has been on the market for a total of 7 days and was last sold on May 29, 2013. This listing's school district is Chicago Public Schools. Nearby schools include Jensen Elementary Scholastic Academy, Manley Career Academy High School and Kellman Corporate Community Elementary School. 2716 West Polk Street is a 9-bed, 6-bath, multi-family home built in 2005.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Infinity

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 01/08/2025 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.