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Brick Quadplex with Private Decks
For Sale
$1,239,900

3212 S Wallace Street, Chicago, IL 60616

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market69

Property Features for 3212 S Wallace Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 11
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 6, Bathroom 4, Bedroom 9, Bedroom 11, Bathroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 6, Bathroom 3, Bedroom 10, Bedroom 3, Den, Basement
Parking 2
Parking features Open, Garage
Window features Screens
Patio and Porch features Patio
Exterior features Balcony
Basement Full, Exterior Entry, Walk-Out Access, Partially Finished
Elementary school district 299
Middle school district 299
High school district 299
Directions 31st St. to Wallace (600W). South on Wallace to 3212.
Subdivision CHI - Bridgeport
Standard status Active
APN 17331110500000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 11604

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air

Amenities

granite
SS GE Profile appliances
maple cabinets
marble & granite baths
hardwood floor throughout
black granite fireplace
skylights
open floor plans
high ceilings
in-unit washer/dryer
central air
private decks
patio
skyline view

Building Details

Year built 2004
Building materials Brick
Architectural style Other
Listing Agency: Concentric Realty, Inc
Listed By: Yvonne Yen · License #475118747
Added: Jun 16 Changed: Aug 20 Last Checked: Aug 23 at 2:06AM
MLS# 12670839

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.

Investment Insights

Based on property information with market context.

This four-unit brick residential income property features a complete interior renovation with open floor plans, high ceilings, hardwood flooring, skylights, and private decks. Each unit includes central air, an in-unit washer and dryer, and kitchens finished with granite surfaces, maple cabinetry, and stainless steel GE Profile appliances. Marble and granite bathrooms and a black granite fireplace add further interior detail.

The property includes garage and open parking, a patio, and balcony space. Upper-floor units offer skyline views, while the building is served by forced-air natural gas heating and public sewer. Located at 3212 S Wallace Street in Chicago's Bridgeport area, the property carries MULTI zoning and was built in 2004.

Key Highlights

  • Four‑unit brick building with a complete interior renovation
  • Individual central air and in‑unit washer and dryer in all units
  • Granite kitchens with maple cabinets and stainless steel GE Profile appliances

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Barber Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,646
Businesses Nearby

Demographics for 60616, IL

54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Renovated four-unit property with individual laundry, central air, patios, garages, and open-concept interiors.
Where is this quadplex located?
The property is located at 3212 S Wallace Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,239,900.
What are key features of this property?
This property features: Four‑unit brick building with a complete interior renovation; Individual central air and in‑unit washer and dryer in all units; Granite kitchens with maple cabinets and stainless steel GE Profile appliances
More about this property
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