12024 S Wallace Street Chicago, IL ^$ 130,000

12024 S Wallace Street

^$ 130,000

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12024 S Wallace Street

Chicago, IL, 60628

^$ 130,000

Bedrooms5 Baths2.0

Monthly Estimate*

^$ 800

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Multi-Family Home for sale in Chicago, IL

for $130,000 with 5 bedrooms and 2 full baths. This home was built in 1899.

Investor special! This brick 2-unit building sits on an oversized double-wide 50 x 122.8 lot, offering exceptional potential for redevelopment or long-term rental income. The property features a 2 bed / 1 bath first-floor unit and a 3 bed / 1 bath second-floor unit, along with a full unfinished basement ready for future possibilities. This is a true value-add opportunity for experienced investors or rehabbers looking to maximize returns. Property requires a full renovation and is being sold as-is. A great opportunity for the right buyer to bring this asset back to life. Strong upside potential with the right vision-ideal for cash flow, fix-and-hold, or portfolio expansion.

Multi-Family Active

Price

^$ 130,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,269

Style

Year Built

1899

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12601208

Features

General

Sewer Public Sewer

Heating Forced Air

Possession Closing

Construction Materials Brick

Year Built 1899

Township Lake

Tax Year 2022

Ownership Fee Simple

County Cook

New Construction N

Property Type Residential Income Two to Four Units

Total Rooms 9

Status Price Change

Directions Halsted to 120th Street E to Wallace S to address

City Chicago

High School District 299

MLS Area CHI - West Pullman

Tax Annual Amount 2269.28

Additional Parcels Y/N N

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Interior

Basement Unfinished Full

Total Bedrooms 5

Total Baths 2

Bedrooms Possible 5

Full Baths Building 2

Half Baths Building 0

Total Number of Units 2

Exterior

Water Source Lake Michigan Public

Total Parking 0

Lot Dimensions 50 X 123

Waterfront Y/N N

* Excluded Features

List By

Coldwell Banker Realty

Broker

tracey@traceyroyalrealtor.com

Affordability Calculator

$990

Per Month

Monthly Principal & Interest: $800
Monthly Property Taxes: $189
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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

Multi-family listings in Chicago, IL

Average List Price ^$617,040

Percent of Sale Price 375%

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
3/25/2026	$130,000		Listed Price

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12024 S Wallace Street, Chicago, IL, 60628 is a Multi-Family Home for sale at $130,000. 12024 S Wallace Street has 5 bedrooms, 2.0 baths, and was built in 1899. 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 6.25% 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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Data is updated as of 3/27/2026.

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12024 S Wallace Street

Multi-Family Home for sale in Chicago, IL

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