# 12242 S Wallace Street, Chicago, IL 60628

> **TL;DR:** land, $20,000. Est. $107/mo. Listed 17 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $20,000 |
| Lot Size | 4,356 sqft (0.10 acres) |
| Property Type | Land (Other) |
| Status | Active |
| Days on Market | 17 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $101 |
| Estimated Insurance | $6 |
| **Total** | **$107** |

## Property Highlights

- 0.10 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 12242 S Wallace Street, Chicago, IL 60628
- **County:** Cook
- **Coordinates:** 41.671112, -87.637225
- **Google Maps:** https://www.google.com/maps?q=41.671112,-87.637225

## Listing Agent

- **Name:** Aaron Gaines
- **Brokerage:** Keller Williams Preferred Realty
- **Broker Phone:** (708) 798-1111
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/12242-S-Wallace-St_Chicago_IL_60628_M81073-13772?f=listhub&s=MREDIL&m=12784223&c=propsimple)

## Photos

![12242 S Wallace Street - Photo 1](http://lh.rdcpix.com/2ad609c9d0cf64fe8f91d97f611f2b69l-f1519591592r.jpg)

![12242 S Wallace Street - Photo 2](http://lh.rdcpix.com/2ad609c9d0cf64fe8f91d97f611f2b69l-f3640723814r.jpg)

![12242 S Wallace Street - Photo 3](http://lh.rdcpix.com/2ad609c9d0cf64fe8f91d97f611f2b69l-f1171013836r.jpg)

---

**MLS#:** 12784223 | **Updated:** 2026-10-19
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/12242-s-wallace-street-chicago-il-60628-c31ed4d4d7704466b1192d3c7d367e2d)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "@id": "https://www.propertysimple.ai/listing/12242-s-wallace-street-chicago-il-60628-c31ed4d4d7704466b1192d3c7d367e2d#listing",
  "url": "https://www.propertysimple.ai/listing/12242-s-wallace-street-chicago-il-60628-c31ed4d4d7704466b1192d3c7d367e2d",
  "name": "12242 S Wallace Street, Chicago, IL 60628",
  "description": "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.",
  "image": [
    "http://lh.rdcpix.com/2ad609c9d0cf64fe8f91d97f611f2b69l-f1519591592r.jpg",
    "http://lh.rdcpix.com/2ad609c9d0cf64fe8f91d97f611f2b69l-f3640723814r.jpg",
    "http://lh.rdcpix.com/2ad609c9d0cf64fe8f91d97f611f2b69l-f1171013836r.jpg"
  ],
  "primaryImageOfPage": {
    "@type": "ImageObject",
    "url": "http://lh.rdcpix.com/2ad609c9d0cf64fe8f91d97f611f2b69l-f1519591592r.jpg",
    "caption": "12242 S Wallace Street - Chicago, IL"
  },
  "datePosted": "2026-10-13",
  "dateModified": "2026-10-19T18:12:21.993Z",
  "mainEntity": {
    "@type": "Place",
    "@id": "https://www.propertysimple.ai/listing/12242-s-wallace-street-chicago-il-60628-c31ed4d4d7704466b1192d3c7d367e2d#property",
    "name": "12242 S Wallace Street, Chicago, IL 60628",
    "address": {
      "@type": "PostalAddress",
      "streetAddress": "12242 S Wallace Street",
      "addressLocality": "Chicago",
      "addressRegion": "IL",
      "postalCode": "60628",
      "addressCountry": "US"
    },
    "geo": {
      "@type": "GeoCoordinates",
      "latitude": 41.671112,
      "longitude": -87.637225
    },
    "image": [
      "http://lh.rdcpix.com/2ad609c9d0cf64fe8f91d97f611f2b69l-f1519591592r.jpg",
      "http://lh.rdcpix.com/2ad609c9d0cf64fe8f91d97f611f2b69l-f3640723814r.jpg",
      "http://lh.rdcpix.com/2ad609c9d0cf64fe8f91d97f611f2b69l-f1171013836r.jpg"
    ],
    "identifier": {
      "@type": "PropertyValue",
      "propertyID": "MLS",
      "value": "12784223"
    },
    "additionalProperty": [
      {
        "@type": "PropertyValue",
        "name": "Lot Size",
        "value": "0.10 acres"
      },
      {
        "@type": "PropertyValue",
        "name": "Property Subtype",
        "value": "Other"
      },
      {
        "@type": "PropertyValue",
        "name": "Property Type",
        "value": "Land"
      }
    ]
  },
  "offers": {
    "@type": "Offer",
    "@id": "https://www.propertysimple.ai/listing/12242-s-wallace-street-chicago-il-60628-c31ed4d4d7704466b1192d3c7d367e2d#offer",
    "url": "https://www.propertysimple.ai/listing/12242-s-wallace-street-chicago-il-60628-c31ed4d4d7704466b1192d3c7d367e2d",
    "price": 20000,
    "priceCurrency": "USD",
    "businessFunction": "http://purl.org/goodrelations/v1#Sell",
    "availability": "https://schema.org/InStock",
    "seller": {
      "@id": "https://www.propertysimple.ai/listing/12242-s-wallace-street-chicago-il-60628-c31ed4d4d7704466b1192d3c7d367e2d#agent"
    }
  },
  "provider": {
    "@type": "Person",
    "@id": "https://www.propertysimple.ai/listing/12242-s-wallace-street-chicago-il-60628-c31ed4d4d7704466b1192d3c7d367e2d#agent",
    "name": "Aaron Gaines",
    "worksFor": {
      "@type": "Organization",
      "@id": "https://www.propertysimple.ai/listing/12242-s-wallace-street-chicago-il-60628-c31ed4d4d7704466b1192d3c7d367e2d#brokerage",
      "name": "Keller Williams Preferred Realty",
      "telephone": "(708) 798-1111"
    }
  }
}
```