12242 South Wallace, Chicago IL 60628
$29,000

Property Description

Build your vision on this oversized Chicago lot, offering endless potential in a residential pocket of West Pullman just steps from established single-family and multi-unit homes. With approximately 4,500+ square feet of land to work with, this parcel is ideal for ground-up new construction or a strategic buy-and-hold addition to your investment portfolio. Enjoy convenient access to I-57, nearby parks, schools, shopping, and public transportation, making this a strong option for future resale or rental demand. Drive by, imagine the possibilities, and bring your architect, builder, and plans-this is your opportunity to create the next great home or income-producing property on a classic Chicago block.

Features & Information

Key Details

  • List Price $29,000
  • Property Taxes $846
  • Acreage 0.1
  • Lot Dimensions 37x123
  • Status New

Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299

Location

  • General Information None
  • County Cook
  • Township Lake
  • Corporate Limits Chicago
  • Directions to Property W 127th St And S Halsted St To S Wallace St In Chicago
  • Property Taxes

  • Tax $846
  • Tax Year 2023
  • Parcel Identification Number 25281270320000

Listed by: Keller Williams Preferred Realty | Phone: 708.798.1111
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 12/15/2025 6:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore West Pullman

On the far south side of Chicago, this older neighborhood, once home to scores of area factory workers, now houses scores of families that enjoy its rich history and affordable real estate. For an area that got its start as a residence for industrial labor (and a place with its fair share of factories), West Pullman has an unexpectedly high incidence of parkland, playlots and other outdoor recreation sites. The neighborhood's residential blocks range from verdant, tree-lined yards that require the care of a good push mower and gardener to more urban areas with tightly-packed dwellings stretching as far as the eye can see. Among the different housing styles found along the West Pullman streets there is one property that gets quite a bit more attention than any other home. It is a beautiful example of famous architect Frank Lloyd Wright's signature design, incorporating geometric forms, the surrounding landscape, in addition and elements of Japanese patterns.

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