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$600,888
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Property Description
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.
Full Property Details
Full Property Details for 4135 S Wallace St
General
- Price: $600,888
- Taxes: $4,903 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12635515
- Updated: 5/12/2026
- Added to Site: 9 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 3
Location
- Area: CHI - New City
- County: Cook
- Township: Lake
- Driving Directions: South on Halsted to Root St., East on Root St. to property.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Bungalow
- Architectural Style: Bungalow
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Foundation: Concrete Perimeter
- Roof: Flat
- Year Built: 1898
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1898
- Tax Amount: $4,903
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 20041210010000
Listed by New Avenue Realty LLC
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Schools
Schools serving 4135 S Wallace St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Hendricks Elementary Community Academy 4316 South Princeton Avenue, Chicago, IL 60609 | PK-8 | 0.4 mi |
Tilden Career Communty Academy High School 4747 South Union Avenue, Chicago, IL 60609 | 9-12 | 0.8 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 4135 S Wallace St
Date
Details
Price
Change
Source
5/06/2026
Listed
$600,888
58.13%
MLS
7/11/2006
Sold
$380,000
—
Public Record
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
Tax History for 4135 S Wallace St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,652
—
$19,714
14%
2023
$3,652
3%
$17,307
—
2022
$3,560
-20%
$17,307
-21%
2021
$4,424
-2%
$22,000
9%
2020
$4,495
-2%
$20,178
-12%
2019
$4,607
2%
$22,930
—
2018
$4,529
-25%
$22,930
-18%
2017
$6,027
7%
$27,999
—
2016
$5,608
9%
$27,999
—
2015
$5,131
23%
$27,999
25%
2014
$4,172
2%
$22,487
—
2013
$4,090
1%
$22,487
—
2012
$4,035
—
$22,487
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4135 S Wallace St
4135 S Wallace Street, Chicago, IL 60609 (MLS# 12635515) is a Multi-Family property with 2 units containing 3 bedrooms and 0 full bathrooms. 4135 S Wallace Street is currently listed for $600,888 and was received on May 06, 2026. Want to learn more about 4135 S Wallace Street? Do you have questions about finding other Multi-Family real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

