4135 S Wallace Street Chicago, IL $ 600,888
4135 S Wallace Street
$ 600,888
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4135 S Wallace Street

Chicago, IL, 60609
$ 600,888
Bedrooms3 Baths4.0

Monthly Estimate*

$ 3,700

4135 S Wallace Street, Chicago, IL 60609 - Image 1
4135 S Wallace Street, Chicago, IL 60609 - Image 2
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4135 S Wallace Street, Chicago, IL 60609 - Image 5
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4135 S Wallace Street, Chicago, IL 60609 - Image 7
4135 S Wallace Street, Chicago, IL 60609 - Image 8
4135 S Wallace Street, Chicago, IL 60609 - Image 9
4135 S Wallace Street, Chicago, IL 60609 - Image 10
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4135 S Wallace Street, Chicago, IL 60609 - Image 12
4135 S Wallace Street, Chicago, IL 60609 - Image 13

Multi-Family Home for sale in Chicago, IL

for $600,888 with 3 bedrooms and 4 full baths. This home was built in 1898.

4135 S Wallace Ave offers a rare blank canvas in a pocket of Chicago where momentum is already visible. The building has been completely gutted down to the studs, giving the next owner a clean starting point without paying for someone else's dated layout or half finished choices. Rebuild with intention, reconfigure the space, and create a finished product that fits today's buyer or renter. The adjacent vacant lot at 4137 S Wallace is included in the sale, creating a two parcel opportunity with both lots zoned RS 3. That added land opens the door for more yard space, future development possibilities, or a stronger long term hold, subject to buyer verification. New construction and reinvestment are happening throughout the surrounding area, and this location sits within easy reach of Bridgeport, Canaryville, major roads, local businesses, parks, and downtown views. For the investor, builder, or owner occupant with vision, this is not just a renovation project. It is a chance to control a corner of future upside in a changing corridor. Sold as is. Buyer to verify zoning, use, permits, and development options.

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Multi-Family Active

Price

$ 600,888

Bedrooms

3

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,903

Style

Bungalow

Year Built

1898

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12635515

Features
General
Sewer Public Sewer
Heating None
Possession Closing
Roof Flat
Zoning MULTI
Architectural Style Bungalow
Construction Materials Brick
Year Built 1898
Township Lake
Tax Year 2024
Ownership Fee Simple
Additional Parcels Description 20041210020000
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 11
Status Active
Directions South on Halsted to Root St. East on Root St. to property.
City Chicago
High School District 299
MLS Area CHI - New City
Tax Annual Amount 4903
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 3
Total Baths 4
Bedrooms Possible 3
Full Baths Building 4
Half Baths Building 0
Total Number of Units 2
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Exterior
Water Source Public
Total Parking 0
Foundation Details Concrete Perimeter
Lot Dimensions 25 x 125
Waterfront Y/N N
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* Excluded Features
List By
New Avenue Realty Llc

Broker

jv@thenewavenue.com;jv@thenewavenue.com

Email

Affordability Calculator

$4,108
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,700
Monthly Property Taxes
$409
Monthly Home Insurance
--
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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/7/2026$600,888 Listed Price

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4135 S Wallace Street, Chicago, IL, 60609 is a Multi-Family Home for sale at $600,888. 4135 S Wallace Street has 3 bedrooms, 4.0 baths, and was built in 1898. The property's zip code is 60609 which is in Chicago, IL