Description
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. Units 1 and 2 are month-to-month; Unit 3 lease expires 12/2026.
Details
| MLS # | 12741251 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1913 |
| Days On Site | 18 |
| Listing Provided By | Compass | Lance Lukose |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
Interior
| Rooms Total | 15 |
|---|---|
| Heating | Natural Gas, Forced Air |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | Yes, Owned |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Sidewalks |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 6398.78 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60612 |
| Area | CHI East Garfield Park |
| Listing VS Median (in 60612) | |
Price: $399,500 low | high Med: $172,935 On site: 18 low | high Med: 246 | |
Market Activity 60612
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60612 |
| Area | CHI East Garfield Park |
| Listing VS Median (in 60612) | |
Price: $399,500 low | high Med: $172,935 On site: 18 low | high Med: 246 | |
