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$130,000

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • Updated 3 days ago
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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.

Full Property Details for 12024 S Wallace St

General

  • Price: $130,000
  • Taxes: $2,269 (2022)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12601208
  • Updated: 3/31/2026
  • Added to Site: 9 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access

Location

  • Area: CHI - West Pullman
  • County: Cook
  • Township: Lake
  • Driving Directions: Halsted to 120th Street, E to Wallace, S to address

School Information

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

Heating & Cooling

  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan, Public

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Year Built: 1899
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 50 x 123

Financial Considerations

  • Assessment Year: 1899
  • Tax Amount: $2,269.28
  • Tax Year: 2022
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 25281110380000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 12024 S Wallace St —

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

Schools serving 12024 S Wallace St

School District:Chicago Public School District 299
NameGradesDistance
Metcalfe Elementary Community Academy
12339 South Normal Avenue, Chicago, IL 60628
K-80.4 mi
Fenger Academy High School
11220 South Wallace Street, Chicago, IL 60628
9-121 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 12024 S Wallace St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/25/2026
Listed
$130,000
-29.73%
MLS
4/25/2005
Sold
$185,000
—
Public Record
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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 12024 S Wallace St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,327
—
$18,000
64%
2023
$2,327
3%
$11,000
—
2022
$2,269
2%
$11,000
—
2021
$2,218
-11%
$11,000
-1%
2020
$2,482
-1%
$11,116
-11%
2019
$2,516
2%
$12,490
—
2018
$2,473
47%
$12,490
-18%
2017
$1,685
-45%
$15,263
—
2016
$3,064
9%
$15,263
—
2015
$2,804
23%
$15,263
25%
2014
$2,274
2%
$12,224
—
2013
$2,228
1%
$12,224
—
2012
$2,198
—
$12,224
—
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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12024 S Wallace Street, Chicago, IL 60628 (MLS# 12601208) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 12024 S Wallace Street is currently listed for $130,000 and was received on March 25, 2026. This property is listed by Tracey Royal from our Oak Park Office.Want to learn more about 12024 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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