12242 S Wallace St Chicago, IL 60628
West Pullman NeighborhoodEstimated payment $147/month
About This Lot
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.
Listing Agent
Keller Williams Preferred Realty License #475177288 Listed on: 07/06/2026
Property Details
Property Type
- Land
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 37x123
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $846 | $13,000 | $2,767 | $10,233 |
| 2024 | $846 | $13,000 | $2,767 | $10,233 |
| 2023 | $825 | $4,000 | $1,845 | $2,155 |
| 2022 | $825 | $4,000 | $1,845 | $2,155 |
| 2021 | $806 | $3,999 | $1,844 | $2,155 |
| 2020 | $2,199 | $9,848 | $2,536 | $7,312 |
| 2019 | $2,229 | $11,066 | $2,536 | $8,530 |
| 2018 | $2,191 | $11,066 | $2,536 | $8,530 |
| 2017 | $2,263 | $10,491 | $2,306 | $8,185 |
| 2016 | $2,106 | $10,491 | $2,306 | $8,185 |
| 2015 | $1,927 | $10,491 | $2,306 | $8,185 |
| 2014 | $2,081 | $11,186 | $2,075 | $9,111 |
| 2013 | $2,039 | $11,186 | $2,075 | $9,111 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/06/2026 07/06/26 | For Sale | $23,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $87,000 | Cti | |
| Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $78,300 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12696611
- 12239 S Parnell Ave
- 12242 S Normal Ave
- 12252 S Normal Ave
- 12210 S Normal Ave
- 12210 S Union Ave
- 12129 S Parnell Ave
- 12108 S Parnell Ave
- 12115 S Emerald Ave
- 12033 S Wallace St
- 12420 S Emerald Ave
- 12321 S Green St
- 12017 S Wallace St
- 12410 S Stewart Ave
- 12504 S Lowe Ave
- 12014 S Normal Ave
- 12409 S Green St
- 540 W 120th St
- 12402 S Green St
- 12532 S Union Ave
- 11931 S Wallace St
- 12138 S Parnell Ave
- 12432 S Lowe Ave
- 12026 S Union Ave Unit 12026 S Union Ave
- 12253 S Peoria St
- 12015 S Stewart Ave
- 12216 S Morgan St
- 12430 S Wentworth Ave
- 12552 S Yale Ave
- 12439 S Perry Ave
- 253 W 118th St
- 11733 S Stewart Ave Unit 1
- 12822 S Union Ave Unit 1
- 12113 S State St
- 12917 S Emerald Ave
- 12827 S Morgan St Unit SI ID1546010P
- 12157 S Michigan Ave
- 11809 S Lafayette Ave
- 16 E 118th Place Unit 1F
- 11540 S Peoria St Unit SFR
- 11623 S Aberdeen St
Ask me questions while you tour the home.