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Price cut: $14,000
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Two to Four Units · Chicago, IL
$25,900$39,900
4 beds · 2 baths
11940 S Wallace Street, Chicago, IL, 60628
A brick-and-mortar place to make your own — room to make it home.
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What’s special

0.71-acre lot
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.
— the listing agent’s description

The home

4 beds
2 baths
Built in 1901
0.71-acre lot
Two to Four Units

What it’ll cost

$846 taxes / yr
No HOA
Listed $39,900
Now $25,900
16 days on dwello

Estimated monthly payment

$217/mo
Principal & interest$138
Property taxes$71
Homeowners insurance$8
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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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16 days on dwello
Price history
Price reduced
Aug 13, 2026
↓ $14,000$25,900
Listed for sale
Jul 30, 2026
$39,900
Now $14,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$846/yr
Assessed value
2025
County assessor
$12,000~$120,000 mkt
2024
$12,000~$120,000 mkt
2023
$4,000~$40,000 mkt
2022
$4,000~$40,000 mkt
2021
$4,000~$40,000 mkt
2020
$9,981~$99,810 mkt
2019
$11,215~$112,150 mkt
2018
$11,215~$112,150 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

OtherVinyl SidingPublic SewerOff AlleyYes

Schools nearby

Bunnyland Developmental Day Care Center · 0.1 mi
Assumption Blessed Virgin Mary-Saint Catherine of Genoa School · 0.2 mi
Saint Catherine School · 0.3 mi
Assumption School · 0.4 mi
Ralph H. Metcalfe Community Academy · 0.5 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Kathleen Bak · Gates and Gables Realty
Listing last updated Aug 13, 2026 · data refreshed from the MLS Aug 13, 2026, 9:25 PM CT
Based on information submitted to the MLS GRID as of Aug 13, 2026, 9:25 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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