Property photo 1
3 Beds
4 Baths

$599,000

4135 S Wallace Street, Chicago IL, 60609

Built in1898
Property typeMulti-family
Listed by Jorge Vega with New Avenue Realty LLC 312-444-0981

Overview

Active

Listed Sep 11, 2026

Updated 3 weeks ago

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).

$3,985/mo

Est. mortgage payment based on a $599,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12757669

Interior Features

Bedrooms
3
Bathrooms
4
Basement
Yes

Other Property Details

Taxes
$5,030
Tax Frequency
Annually
MLS provider logo

Listed by Jorge Vega with New Avenue Realty LLC 312-444-0981

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Tamara OConnor Team are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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Data is refreshed every 3 hours. Listing last updated 3:38 AM UTC on 9/18/2026. 

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