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$25,900 -$7,000 (-21.28%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 5 days ago
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Exceptional opportunity for experienced investors, rehabbers, and developers! Built in 1901, this spacious two-unit property offers approximately 2,112 square feet of living space on a 3,100 sq. ft. lot in Chicago's West Pullman neighborhood. Featuring a flexible multi-unit layout and full basement, this property presents an outstanding value-add opportunity for a complete renovation or potential redevelopment (subject to buyer due diligence and municipal requirements). Bring your vision and restore or reimagine this property to its full potential. Conveniently located near schools, parks, shopping, public transportation, and major expressways, the location offers strong long-term appeal for investors and future occupants alike. Whether you're looking to expand your rental portfolio, complete your next renovation project, or capitalize on a redevelopment opportunity, this property offers exceptional upside potential. Property is being sold AS-IS. Buyer to verify all room sizes, zoning, permits, and property information. Exercise caution during all showings due to the property's condition.

Full Property Details for 11940 S Wallace St

General

  • Price: $25,900
  • Taxes: $846 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12718743
  • Updated: 8/13/2026
  • Added to Site: 21 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 4

Parking

  • Total Spaces: 2
  • Parking Features: Off-Alley, Yes, Owned

Location

  • Area: CHI - West Pullman
  • County: Cook
  • Township: South Chicago
  • Driving Directions: From I-57, take the 119th Street exit and head east on 119th Street. Turn right (south) on Wallace Street. The property is on the west side of the street at 11940 S. Wallace St., Chicago, IL 60628.

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Other

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Other, Partial
  • Year Built: 1901
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size (Acres): 0.71
  • Lot Size Range: .50 to .99 Acre
  • Lot Dimensions: 30 x 125

Financial Considerations

  • Assessment Year: 1901
  • Tax Amount: $846
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 25281030370000

Listed by Gates and Gables Realty

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Listing agent

— 11940 S Wallace St —

  • Gates and Gables Realty

(847) 847-4200

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 11940 S Wallace St

School District:Chicago Public School District 299
NameGradesDistance
Metcalfe Elementary Community Academy
12339 South Normal Avenue, Chicago, IL 60628
K-80.5 mi
Fenger Academy High School
11220 South Wallace Street, Chicago, IL 60628
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 11940 S Wallace St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/13/2026
Price Reduced
$25,900
-21.28%
MLS
8/06/2026
Price Reduced
$32,900
-17.54%
MLS
7/29/2026
Listed
$39,900
-70.17%
MLS
3/18/2004
Sold
$133,750
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 11940 S Wallace St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$846
—
$12,000
200%
2023
$846
3%
$4,000
—
2022
$825
2%
$4,000
—
2021
$807
-64%
$4,000
-60%
2020
$2,229
-1%
$9,981
-11%
2019
$2,259
2%
$11,215
—
2018
$2,221
-7%
$11,215
1%
2017
$2,401
7%
$11,128
—
2016
$2,234
9%
$11,128
—
2015
$2,044
18%
$11,128
20%
2014
$1,727
2%
$9,285
—
2013
$1,693
1%
$9,285
—
2012
$1,670
—
$9,285
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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11940 S Wallace Street, Chicago, IL 60628 (MLS# 12718743) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 11940 S Wallace Street is currently listed for $25,900 and was received on July 29, 2026. Want to learn more about 11940 S Wallace Street? Do you have questions about finding other Multi-Family real estate for sale in West Pullman? You can browse all West Pullman real estate or contact a Coldwell Banker agent to request more information.

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