ClosedPrice Reduced

$225,000

$265,000
124 Polk Street, Chicago, IL 60605
1 Beds1 Baths1,548 sqft54 days
124 Polk Street·Chicago, IL 60605
1Bedrooms
1Bathrooms
1,548Sq Ft
1910Year Built
About This Home

Welcome to this hidden gem tucked within a converted warehouse loft space-an authentic diamond in the rough awaiting transformation. This property is brimming with potential and promises to be a captivating canvas for its next owner's vision. Step inside this sunlit duplex down unit offering a secluded escape from the outside world. The space greets you with original warm wood floors, complemented by weathered exposed brick walls and expansive windows that flood the area with natural light.The main level layout features a bedroom, bathroom, functional kitchen, and a spacious living/dining area. While currently retaining its vintage charm, this level eagerly anticipates modern updates and personal touches to restore its former glory. Note there is a laundry hookup in the pantry closed, but never used.Descend to the lower level-an open expanse with soaring 12-foot ceilings-a blank canvas bursting with potential. Imagine the possibilities: transform this space into a breathtaking home theater, a serene yoga retreat, additional bedrooms, or perhaps a vibrant home dance studio-limited only by your imagination. Other condos in this building that have finished this lower level have sold for substantially higher than our current offering.Ideally situated just minutes from public transit and within walking distance to Printers Row and essential amenities, this property invites you to reimagine loft living. Also as the neighborhood continues to develop you find the river walk has just opened at the end of the street. With a discerning eye and creative spirit, seize the opportunity to breathe new life into this timeworn space. Unlock its hidden potential, reawaken its soul, and craft a one-of-a-kind urban haven that reflects your unique style and aspirations. Embrace the challenge of transforming this vintage treasure into a modern masterpiece-a testament to the limitless possibilities that await within these storied walls. Venture up to the rooftop deck, offering glimpses of the city skyline-a serene oasis waiting to be revitalized into a captivating outdoor sanctuary, perfect for relaxation and entertainment.

MLS# 12037892Listed May 2, 2024ResidentialSubdivision: Folio Square
Property Details

Beds & Baths

Total Bedrooms1
Total Bathrooms1
Full Baths1
Half Baths0
Total Rooms5

Size & Structure

Living Area1,548 sqft
Stories10
Year Built1910
Lot SizeCOMMON

Location

CountyCook
TownshipSouth Chicago
SubdivisionFolio Square
Zip Code60605

Financial

List Price$225,000
Original Price$265,000
Price / Sq Ft$145
Annual Taxes (2022)$7,404
Monthly Tax Est.$617
Parcel #17164040341064
Interior Features

Appliances

RangeMicrowaveRefrigerator

Heating

Electric

Cooling

Central Air

Basement

None

Laundry

In UnitCommon AreaLaundry Closet
Exterior & Lot

Construction

Brick

Exterior Features

Roof Deck

Patio & Porch

Deck
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic
HOA & Community
HOA Fee
$750
Monthly

HOA Includes

WaterInsuranceExterior MaintenanceScavengerSnow Removal

Association Amenities

Bike Room/Bike TrailsCoin LaundryElevator(s)Exercise RoomStorageSundeckSecurity Door Lock(s)Laundry
Schools
Elementary
South Loop Elementary School
District: 299
Middle School
South Loop Elementary School
District: 299
High School
Phillips Academy High School
District: 299
Tax & Financial
Annual Taxes
$7,404
Tax Year 2022
Monthly Tax Est.
$617
per month
Price per Sq Ft
$145
per square foot
Price Reduced by $40,000
Original list price: $265,000
Property Location

124 Polk Street, Chicago, IL 60605 — Cook County

$225,000
$145 / sqft
124 Polk Street
1 bd1 ba1,548 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
54 days on market
COMMON
$7,404/yr taxes
$750 HOA (monthly)
Price reduced $40,000
$2,549
estimated monthly payment
Principal & Interest
$1,182/mo
Property Tax
$617/mo
HOA
$750/mo
$225,000
20% — $45,000
3%50%
6.875%
3%12%
Loan Amount
$180,000
Down Payment
$45,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Keller Williams ONEChicago
Agent: Joe Green
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