Chicago, IL 60609 4135 S Wallace Street

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Presented By: New Avenue Realty LLC
  • MLS# 12635515
  • 05/06/2026
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  • Beds • 3
  • Baths • 4

Home Details

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.
Presented By: New Avenue Realty LLC

Interior Features for 4135 S Wallace Street

Bedrooms

Bedrooms Possible3
Total Bedrooms3

Bathrooms

Full Baths Building4
Half Baths Building
Total Baths4

Other Interior Features

BasementUnfinished, Full
Total Number of Units2

General for 4135 S Wallace Street

Additional Parcels Description20041210020000
Additional Parcels Y/NYes
Architectural StyleBungalow
CityChicago
Construction MaterialsBrick
CountyCook
DirectionsSouth on Halsted to Root St., East on Root St. to property.
Elementary School District299
HeatingNone
High School District299
MLS AreaCHI - New City
Middle/Junior School District299
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount4903
Tax Year2024
Total Rooms11
TownshipLake
Year Built1898
ZoningMULTI

Exterior for 4135 S Wallace Street

Foundation DetailsConcrete Perimeter
Lot Dimensions25 x 125
Total Parking0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Client Care

Price $600,888
MLS#12635515
List Date 05/06/2026
Property Type Multi-Family
Phone 847.485.2500
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