3252-56 S Wallace Street Chicago, IL $ 2,000,000
3252-56 S Wallace Street
$ 2,000,000
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3252-56 S Wallace Street

Chicago, IL, 60616
$ 2,000,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 13,814

3252-56 S Wallace Street, Chicago, IL 60616 - Image 1
3252-56 S Wallace Street, Chicago, IL 60616 - Image 2
3252-56 S Wallace Street, Chicago, IL 60616 - Image 3
3252-56 S Wallace Street, Chicago, IL 60616 - Image 4
3252-56 S Wallace Street, Chicago, IL 60616 - Image 5
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3252-56 S Wallace Street, Chicago, IL 60616 - Image 7
3252-56 S Wallace Street, Chicago, IL 60616 - Image 8

Multi-Family Home for sale in Chicago, IL

for $2,000,000 with 3 bedrooms. This home was built in 1888.

Rare Bridgeport mixed-use investment opportunity featuring 12 residential units, 3 street-level commercial spaces, and an oversized garage. This substantial property offers multiple income streams and significant value-add potential in a highly desirable location near Chinatown, public transportation, expressways, restaurants, shopping, and neighborhood amenities. Residential units consist of a mix of 1-bedroom and 2-bedroom layouts, with many existing rents offering potential upside for the next owner. Three commercial storefronts provide additional leasing and income opportunities. The oversized rear garage offers exceptional space and flexibility for parking, storage, or other permitted uses. Excellent opportunity for an investor seeking an established income-producing asset with potential to improve operations and increase NOI over time. Buyer to perform due diligence regarding zoning, legal use, unit count, building condition, and all intended uses.Property is being offered AS-IS.

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Multi-Family Active

Price

$ 2,000,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 25,407

Style

Year Built

1888

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12779279

Features
General
Year Built 1888
Stories Count 3
Tax Year 2024
Gross Income 147000
County Cook
Net Operating Income 100437
Operating Expense 21156
Insurance Expense 11082
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status New
Directions 3200 block south of Wallace Street
City Chicago
Number Of Units Total 15
MLS Area CHI - Bridgeport
Tax Annual Amount 25407.1
Electric Expense 3650
Fuel Expense 0
Trash Expense 3957
Water Sewer Expense 2467
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions COMMON
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* Excluded Features
List By
Century 21 Realty Associates

Broker

sharon.wong@c21ra.com;sharon.wong@c21ra.com

Email

Affordability Calculator

$15,931
Per Month
87%
13%
0%
Monthly Principal & Interest
$13,814
Monthly Property Taxes
$2,117
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/7/2026$2,000,000 Listed Price

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3252-56 S Wallace Street, Chicago, IL, 60616 is a Multi-Family Home for sale at $2,000,000. 3252-56 S Wallace Street has 3 bedrooms, 0.0 baths, and was built in 1888. The property's zip code is 60616 which is in Chicago, IL