11940 S Wallace St, Chicago, IL, 60628
About This Home
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.
Getting Around
Somewhat Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1901
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Unfinished,Other,Partial
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Heating features: Other
Property
Details
- Parcel number: 25281030370000
- Special condition: None
Lot
- Lot size: 0.71 Acres
- Lot size dimensions: 30 x 125
Parking
- Total spaces: 2
- Parking features: Off Alley,Yes,Owned
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Tornado
- Heat Wave
- Inland Flooding
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $201 | $2,412 |
| Home Insurance * | $49 | $588 |
| Property Taxes | $57 | $684 |
| Electricity | $130 | $1,569 |
| Total | $437 | $5,244 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-13 | Price change | $25,900 |
| 2026-08-06 | Price change | $32,900 |
| 2026-07-30 | Listed for sale | $39,900 |
| 2011-04-02 | Listing removed | -- |
| 2011-03-06 | Listed for sale | -- |
| 2010-12-14 | Listing removed | -- |
| 2010-12-06 | Listed for sale | -- |
For Sale by Agent
View on Zillow