11940 S Wallace Street, Chicago IL 60628
Property Description
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.
Features & Information
Key Details
- List Price $25,900
- Property Taxes $846
- Year Built 1901
- Status Price Change
- List Market Time 16
Units
-
Unit 1
- Floor 1
- Rooms 5
- Beds 2
- Baths 1
- Appliances None
- Rent $0/mo
- Tenant Pays Other
- Lease Expires 01/26
-
Unit 2
- Floor 2
- Rooms 5
- Beds 2
- Baths 1
- Appliances None
- Rent $0/mo
- Tenant Pays Other
- Lease Expires 01/26
Exterior Features
-
Parking
- # of Cars: 2
Building Information
- Number of Units 2
- Age of Building 100+ Years
Location
- County Cook
- Township South Chicago
- Corporate Limits Chicago
- Directions to Property 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.
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 846
- Tax Year 2023
- Parcel Identification Number 25281030370000
Listed by Kathleen Bak for Gates and Gables Realty | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/19/2026 4:32 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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