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Listing provided courtesy of Keller Williams Preferred RealtyMREDas Distributed by MLSGrid- MLS# 12665931MLS Provider

12242 S Wallace StreetChicago, IL 60628

Vacant Land · 0.10 Acres
$24,000 Active

12242 S Wallace Street Overview

Time on Site:
28 days
Visits:
0

Build your vision on this oversized Chicago lot, offering endless potential in a residential pocket of West Pullman just steps from established single-family and multi-unit homes. With approximately 4,500+ square feet of land to work with, this parcel is ideal for ground-up new construction or a strategic buy-and-hold addition to your investment portfolio. Enjoy convenient access to I-57, nearby parks, schools, shopping, and public transportation, making this a strong option for future resale or rental demand. Drive by, imagine the possibilities, and bring your architect, builder, and plans-this is your opportunity to create the next great home or income-producing property on a classic Chicago block.

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12242 S Wallace Street Facts & Features

  • Type Vacant Land
  • Lot 0.10 Acres

Details

General

School Information

  • School District: 299

Business Information

  • Current Use: Single Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - West Pullman
  • Township: Lake

Tax Information

  • Tax Annual Amount: $2,618.71
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 25281270320000
  • Property Type: Land
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bathrooms Total: 0

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Frontage Length: 37
  • Frontage Type: City Street
  • Lot Size Acres: 0.1
  • Lot Size Dimensions: 37x123
  • Road Surface Type: Asphalt

Waterfront/View

  • Waterfront: No

General Information

  • Utilities: Electricity Nearby,Natural Gas Nearby

12242 S Wallace Street Neighborhood

Community

60628 (CHICAGO) Demographics

39
Median Age
5,913
Population Density (per sq. mile)
29%
College Educated
$44,410
Estimated Median Income
13,205
Estimated Total Home Owners
9,868
Estimated Total Renters
57% / 43%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

12242 S Wallace Street Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

12242 S Wallace Street Market Data

Based on the last 30 days in this zip code

$188,408
Average List Price
$132
Average Price per Square Foot
38
Properties Sold
93
Average Days on Market
249
Properties for Sale
Calculations provided by Reliance Network

12242 S Wallace Street History

Date Event Value Agent
6/7/2026Source: MRED Status Change
Active
6/2/2026Source: MRED Added to Database
June 02, 2026