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.
Property Details
Price:
$600,888
MLS #:
MRD12635515
Status:
Active
Beds:
3
Baths:
4
Type:
Multi Family
Neighborhood:
chinewcity
Listed Date:
May 6, 2026
Year Built:
1898
See this Listing
Schools
School District:
299
Interior
Heating
None
Exterior
Architectural Style
Bungalow
Construction Materials
Brick
Roof
Flat
Financial
Tax Year
2024
Taxes
$4,903
Map
Community
- Address4135 S Wallace Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60609
Market Summary
Current real estate data for Multi Family in Chicago as of May 16, 2026
1,364
Multi Family Listed
79
Avg DOM
$516,038
Avg List Price
Property Summary
- 4135 S Wallace Street Chicago IL is a Multi Family for sale in Chicago, IL, 60609. It is listed for $600,888
Similar Listings Nearby

Copyright 2026. All rights reserved.
4135 S Wallace Street
Chicago, IL


