12024 S Wallace Street, Chicago, IL 60628

• 5 beds |
• 2 baths

Property Description

Investor special! This brick 2-unit building sits on an oversized double-wide 50 x 122.8 lot, offering exceptional potential for redevelopment or long-term rental income. The property features a 2 bed / 1 bath first-floor unit and a 3 bed / 1 bath second-floor unit, along with a full unfinished basement ready for future possibilities. This is a true value-add opportunity for experienced investors or rehabbers looking to maximize returns. Property requires a full renovation and is being sold as-is. A great opportunity for the right buyer to bring this asset back to life. Strong upside potential with the right vision-ideal for cash flow, fix-and-hold, or portfolio expansion.

Listing Status:

Active

Data Last Updated:

April 3, 2026 at 7:18AM

Listing Office:

Coldwell Banker Realty : 708-314-5586

Listing Agent:

Tracey Royal : 708-314-5586

MLS ID:

12601208

Interior

• Basement: UnfinishedFull
• Heating: Forced Air

Exterior

• Parking: Parking spaces: 0

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 25281110380000

Utilities

• Water: Lake MichiganPublic
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple