3252-56 S Wallace Street,Chicago, IL 60616
Chicago, IL 60616
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.
Details
| MLS # | 12779279 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1888 |
| Days On Site | 9 |
| Listing Provided By | Century 21 Realty Associates | Sharon Wong |
Features
| Story(s) | 3 |
|---|---|
| Units | 15 |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 25407.1 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60616 |
| Area | CHI Bridgeport |
| Listing VS Median (in 60616) | |
Price: $2,000,000 low | high Med: $275,000 On site: 9 low | high Med: 3 | |
Market Activity 60616
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60616 |
| Area | CHI Bridgeport |
| Listing VS Median (in 60616) | |
Price: $2,000,000 low | high Med: $275,000 On site: 9 low | high Med: 3 | |