8
See all 8 photos
$2,000,000
Est. payment /mo
New
3252-56 S Wallace ST Chicago, IL 60616
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Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12779279
Year Built 1888
Annual Tax Amount $25,407
Tax Year 2024
Lot Dimensions COMMON
Property Sub-Type Multi Family 5+
Property Description
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.
Location
State IL
County Cook
Area Chi - Bridgeport
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
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Listed by Sharon Wong of Century 21 Realty Associates
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