12242 S Wallace Street Chicago, IL ^$ 29,000

12242 S Wallace Street

^$ 29,000

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Recently Listed New Construction

12242 S Wallace Street

Chicago, IL, 60628

^$ 29,000

Studio Baths0.0

Monthly Estimate*

^$ 181

12242 S Wallace Street, Chicago, IL 60628 - Image 1

12242 S Wallace Street, Chicago, IL 60628 - Image 2

12242 S Wallace Street, Chicago, IL 60628 - Image 3

Studio

Lots and Land for sale in Chicago, IL

for $29,000. The lot size is 0.1.

Build your vision on this oversized Chicago lot, offering endless potential in a residential pocket of West Pullman just steps from established single-family and multi-unit homes. With approximately 4,500+ square feet of land to work with, this parcel is ideal for ground-up new construction or a strategic buy-and-hold addition to your investment portfolio. Enjoy convenient access to I-57, nearby parks, schools, shopping, and public transportation, making this a strong option for future resale or rental demand. Drive by, imagine the possibilities, and bring your architect, builder, and plans-this is your opportunity to create the next great home or income-producing property on a classic Chicago block.

Lots and Land Active

Price

^$ 29,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 846

Style

Single Family

Lot Size

0.1

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12529604

Features

General

Utilities Electricity Nearby Natural Gas Nearby

Possession Closing

Township Lake

Tax Year 2023

Current Use Single Family

Ownership Fee Simple

County Cook

Property Type Land Land

Status New

Directions W 127th St and S Halsted St to S Wallace St in Chicago

City Chicago

High School District 299

MLS Area CHI - West Pullman

Tax Annual Amount 846

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Exterior

Total Parking 0

Lot Dimensions 37x123

Lot Size Acres 0.1

Road Surface Type Asphalt

Frontage Length 37

Frontage Type City Street

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Keller Williams Preferred Realty

Broker

iam@aarondmgaines.com

Affordability Calculator

$251

Per Month

Monthly Principal & Interest: $181
Monthly Property Taxes: $71
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Chicago, IL

Average List Price ^$321,131

Percent of Sale Price 1,007%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/8/2025	$29,000		Listed Price

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12242 S Wallace Street, Chicago, IL, 60628 is a Lots and Land for sale at $29,000 with a lot size of 0.1. 12242 S Wallace Street is a studio with 0.0 baths. The property's zip code is 60628 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/9/2025.

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12242 S Wallace Street

Lots and Land for sale in Chicago, IL

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