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3046 W Polk Street Chicago, IL 60612 Multi Unit - Multiple Active

  • 3046 W Polk Street, Chicago, IL 60612 Main Photo

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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. Buyer to honor existing tenancies. Units 1 and 2 are month-to-month; Unit 3 lease expires 12/2026.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 9
Bathrooms: 3
County: Cook
Listed By:
Compass 312-319-1168
MRED MLS
$449,500
Est. $2,942/mo
9beds
3baths
Active
BEDS9 BATHS3 full MLS#12689667
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

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Ruhl&Ruhl Realtors
563.441.1776

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3046 W Polk Street, Chicago, IL 60612.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $449,500$449,500$449,500
Down Payment $89,900$15,733$112,375
Monthly Mortgage Amount $2,185$2,682$2,777
Taxes $626$626$626
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$198$0
Monthly Estimated Total $2,942$3,637$3,534

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