Listing provided courtesy of CompassMREDas Distributed by MLSGrid- MLS# 12689667
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Request Info3046 W Polk StreetChicago, IL 60612
Multi-Family · 9 Beds$449,500
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3046 W Polk Street Overview
- Time on Site:
- 21 hours
- Visits:
- 0
Exceptional opportunity for both owner-occupants and investors to acquire a solid brick 3-flat in the rapidly evolving East Garfield Park/Illinois Medical District corridor. The property consists of three spacious 3-bedroom, 1-bathroom units with separately metered utilities, allowing tenants to have their own gas and electric. Property to be sold occupied. Each unit includes a stove and refrigerator, while the unfinished basement offers additional potential and flexibility for a future owner. Whether you're looking to owner-occupy or add a strong multi-unit asset to your portfolio, this property offers a variety of possibilities and long-term upside. Ideally located just minutes from I-290, CTA public transportation, the United Center, the University of Illinois Chicago, and the Illinois Medical District (IMD), one of the largest urban medical districts in the United States. The area continues to benefit from ongoing investment, redevelopment, healthcare expansion, and economic growth. 3046 W Polk presents an excellent opportunity to acquire a well-maintained multi-unit property in one of Chicago's most rapidly developing neighborhoods. Property to be sold occupied. Seller will not provide notice to vacate. Buyer to honor existing tenancies. Units 1 and 2 are month-to-month; Unit 3 lease expires 12/2026.
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3046 W Polk Street Facts & Features
- Type Multi-Family
Details
General
School Information
- School District: 299
Building Information
- New Construction: No
- Year Built: 1913
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - East Garfield Park
- Township: West Chicago
Community/Development
- Community Features: Curbs, Sidewalks
Tax Information
- Tax Annual Amount: $6,191.80
- Tax Year: 2024
General Information
- Ownership: Fee Simple
- Parcel Number: 16133090290000
- Property Type: Residential Income
- Special Listing Conditions: None
Interior
Parking Information
- Half Baths Building: 0
Beds/Baths
- Bathrooms Total: 3
- Bedrooms Total: 9
- Bedrooms Possible: 9
- Full Baths Building: 3
General Information
- Basement: Unfinished, Full
- Heating: Natural Gas, Forced Air
- Other Equipment: TV-Dish, CO Detectors
- Rooms Total: 15
Exterior
Parking Information
- Parking Features: Yes, Owned
- Parking Total: 2
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 25X125
- Water Source: Lake Michigan
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Sewer: Public Sewer
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Actual Rent: 1400
- Beds Total: 3
- Baths Total: 1
Unit 2 Details
- Unit Type: Unit 2
- Actual Rent: 700
- Beds Total: 3
- Baths Total: 1
Unit 3 Details
- Unit Type: Unit 3
- Actual Rent: 1400
- Beds Total: 3
- Baths Total: 1
3046 W Polk Street Neighborhood
Community
60612 (CHICAGO) Demographics
34
Median Age
8,600
Population Density (per sq. mile)
45%
College Educated
$44,538
Estimated Median Income
3,770
Estimated Total Home Owners
9,430
Estimated Total Renters
29% / 71%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.3046 W Polk Street Monthly Cost
3046 W Polk Street Market Data
Based on the last 30 days in this zip code
$595,193
Average List Price
$390
Average Price per Square Foot
18
Properties Sold
93
Average Days on Market
77
Properties for Sale
3046 W Polk Street History
| Date | Value | Agent |
|---|---|---|
| 6/29/2026Source: MRED | June 29, 2026 |
|
| 11/12/2022Source: MRED | Active |
|
| 11/7/2022Source: MRED | November 07, 2022 |
|
| 6/20/2022Source: MRED | January 27, 2022 |