4135 S Wallace Street, Chicago IL 60609
$599,000

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Property Description

Canaryville RS-3 zoned property 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. (Agents, read agent remarks).

Features & Information

Key Details

  • List Price $599,000
  • Property Taxes $5,030
  • Year Built 1898
  • Status New
  • List Market Time 1

Units

  • Unit 1

  • Floor 1
  • Rooms 5
  • Beds 3
  • Baths 2
  • Appliances None
  • Tenant Pays None
  • Lease Expires VAC
  • Unit 2

  • Floor 2
  • Rooms 4
  • Beds 0
  • Baths 2
  • Appliances None
  • Tenant Pays None
  • Lease Expires vac

Exterior Features

  • Parking

  • # of Cars:  0

Building Information

  • Number of Units 2
  • Age of Building 100+ Years

Location

  • County Cook
  • Township Lake
  • Corporate Limits Chicago
  • Directions to Property South On Halsted To Root St., East On Root St. To Property.
  • Schools

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

  • Tax 5030
  • Tax Year 2024
  • Tax Exemptions None
  • Parcel Identification Number 20041210010000

Listed by Jorge Vega for New Avenue Realty LLC | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/13/2026 10:32 AM. 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 Canaryville

One of Chicago’s oldest neighborhoods, Canaryville offers a well-kept residential enclave on the city’s south side. Bordered by the city’s industrial scene, this long-standing community is known best for its expansive dining scene—from classic Chicago pizza eateries to old school taverns, Canaryville’s restaurant options are endless. Rooting for your favorite south side team? With Guaranteed Rate Field nearby, baseball fans will always feel at home in the neighborhood. Looking to expand your cultural horizons? Located in nearby Bronzeville, the Harold Washington Cultural Center boasts a plethora of entertainment options from concerts and poetry readings to live theater that cannot be missed.

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