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CondominiumResidential

1040 W Polk St

CHICAGO, IL 60607
2011
Year BuiltThe year the home was originally built, according to county records.
Built 20116 units1,030–2,152 ft²
$4M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$719K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$372
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-7.4%vs the Chicago ZIP median sale $/ft² ($402)

Sales Performance

$460K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
-27.3%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
1
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
16.7%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+2.1%per yeartypical hold 4.4 yrsfrom 5 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
2014201920202021202320252026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
2014201920202021202320252026

10 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

2 bed
2 units
3 bed
4 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$475K–$495K
2 units
$716K–$722K
2 units
$775K–$775K
1 unit
$827K–$827K
1 unit

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.83%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.0%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.4.3 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.25%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.69%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$690,314
Median tax billThe middle annual property tax bill among the building's units.$9,772
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 2BMay 15, 2026$460,000Unit 1BJun 9, 2025$633,000Unit 3BMay 5, 2023$640,000Unit 2BOct 13, 2021$342,000Unit 1AAug 24, 2021$525,000Unit 1BJan 25, 2021$480,000Unit 3ANov 9, 2020$560,000Unit 2BJun 18, 2019$337,500Unit 3BApr 29, 2019$589,000Unit 3BSep 19, 2014$552,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.36
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
71
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
69
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
40
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
CountyCook
HeatingThe type of heating system in the home.None

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
J. Smyth Elementary SchoolD
Elementary · Grades KG–8 · 0.5 mi
H
Wells Community Academy High SchoolF
High · Grades 9–12 · 2.0 mi

District: Chicago Public School District 299

Neighborhood · ZIP 60607These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.136
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.110
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.46

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.89%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.43%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.13%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.9%
PopulationHow many people live in this area.31,589
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.14,213 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$122,924
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$150,715
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.38 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

1040 W Polk St Apt 1a
3 bd · 3 ba · 2,050 ft²
$722K
1040 W Polk St Apt 1b
3 bd · 3 ba · 2,065 ft²
$716K
1040 W Polk St Apt 2a
2 bd · 2 ba · 1,100 ft²
$495K
1040 W Polk St # 2b
2 bd · 2 ba · 1,030 ft²
$475K
1040 W Polk St # 3a
3 bd · 2.5 ba · 2,152 ft²
$827K
1040 W Polk St Apt 3b
3 bd · 3 ba · 2,152 ft²
$775K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 1040 W Polk St

How many units are in 1040 W Polk St, Chicago, IL?

1040 W Polk St, Chicago, IL has 6 residential units across built in 2011, according to county assessor records.

What is a unit at 1040 W Polk St, Chicago, IL worth?

The median TopHap Estimate across the 6 units at 1040 W Polk St, Chicago, IL is $718,701. That works out to $372 per square foot. Units run from 1,030 to 2,152 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 1040 W Polk St, Chicago, IL expensive for Chicago?

Units at 1040 W Polk St, Chicago, IL carry a median of $372 per square foot, 7% below the Chicago median of $402 per square foot.

How often do units sell at 1040 W Polk St, Chicago, IL?

1 units at 1040 W Polk St, Chicago, IL sold in the last 12 months, out of 10 recorded arms-length sales all time. That is a turnover rate of 16.7% of the building per year. The median sale over that period was $460K.

Have units at 1040 W Polk St, Chicago, IL appreciated?

Across 5 repeat sales of the same unit, 1040 W Polk St, Chicago, IL returned a median 2.1% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 4.4 years.

More homes on W Polk St Apt 1a

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