3252-56 S Wallace St

Chicago, IL 60616
  • $2,000,000

    Price

About the Listing 85257 - 102353

Rare Bridgeport mixed-use investment opportunity featuring 12 residential units, 3 street-level commercial spaces, and an oversized garage. This substantial property offers multiple income streams and significant value-add potential in a highly desirable location near Chinatown, public transportation, expressways, restaurants, shopping, and neighborhood amenities. Residential units consist of a mix of 1-bedroom and 2-bedroom layouts, with many existing rents offering potential upside for the next owner. Three commercial storefronts provide additional leasing and income opportunities. The oversized rear garage offers exceptional space and flexibility for parking, storage, or other permitted uses. Excellent opportunity for an investor seeking an established income-producing asset with potential to improve operations and increase NOI over time. Buyer to perform due diligence regarding zoning, legal use, unit count, building condition, and all intended uses.Property is being offered AS-IS.

Listing Highlights for 3252-56 S Wallace St

Status Active
Days on Site 8
Property Type Multi-Family
MLS ® 12779279
Year Built 1888
Lot/Acreage COMMON

Interior Details

  • Appliances:
  • Air Cond:
  • Heating: Central Bldg Heat
  • Fireplaces:
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Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: COMMON
  • Roof:
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Financial Details

  • Tax Amount: $25,407
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 17331110460000
  • Tax Year: 2024

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Listing Location

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3252-56 S Wallace St Chicago, IL 60616

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Originating MLS: mred

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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