8501 S Wallace St, Chicago, IL 60620
Property image
Property image
OFF MARKET

$179,100

Trulia Estimate
  • 2 Beds
  • 2 Baths
  • 1,092 sqft

8501 S Wallace St, Chicago, IL 60620

Gresham
Est. Refi. Payment $1,307/mo*
Refinance Your Home
Currently Off Market - Sold Jul 26, 2016 for $115,000

Home Value

Trulia Estimate
$179K
Since last month
Decreased$2K (-0.8%)
Since last year
Increased$3K (+1.4%)
Since last sale
Increased$64K (+55.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +58% in the last 10 years
MonthEstimated value
2026
August 2026$179K
August 2026$179K
July 2026$181K
June 2026$179K
May 2026$181K
April 2026$179K
March 2026$173K
February 2026$174K
January 2026$168K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
612 W 87th St, Chicago, IL
0.21
Single-Family Home
$177,000
11/12/25
3
2
1,328
8740 S Eggleston Ave, Chicago, IL
0.37
Single-Family Home
$80,000
05/11/26
3
2
1,128
8507 S Wallace St, Chicago, IL
0.01
Single-Family Home
$440,113
04/01/26
4
2
911
8616 S Wallace St, Chicago, IL
0.16
Single-Family Home
$90,000
04/22/26
3
1
1,323
8821 S Eggleston Ave, Chicago, IL
0.45
Single-Family Home
$100,000
06/23/26
2
1.5
684
8426 S Kerfoot Ave, Chicago, IL
0.11
Single-Family Home
$116,000
02/25/26
5
2
2,800
8427 S Green St, Chicago, IL
0.33
Single-Family Home
$141,000
02/23/26
2
1
856
8545 S Lowe Ave, Chicago, IL
0.11
Single-Family Home
$270,000
10/21/25
3
2
781
517 W 87th St, Chicago, IL
0.28
Single-Family Home
$68,000
05/07/26
2
1
931
8817 S Parnell Ave, Chicago, IL
0.40
Single-Family Home
$95,000
07/09/26
2
1
972

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
8517 S Wallace St, Chicago, IL 60620
0.03
$215,700
3
2
990
Off Market
8513 S Wallace St, Chicago, IL 60620
0.02
$237,100
4
2
1,350
Off Market
8508 S Wallace St, Chicago, IL 60620
0.04
$253,000
5
2
1,055
Recently Sold
8601 S Wallace St, Chicago, IL 60620
0.12
$248,800
6
2
1,978
Off Market
8601 S Lowe Ave, Chicago, IL 60620
0.14
$249,500
4
2
1,732
Off Market
8545 S Vincennes Ave, Chicago, IL 60620
0.11
$282,700
5
2
1,550
Off Market
8607 S Lowe Ave, Chicago, IL 60620
0.15
$190,600
4
2
1,812
Off Market
8623 S Wallace St, Chicago, IL 60620
0.16
$317,100
5
2
2,435
Off Market
8546 S Lowe Ave, Chicago, IL 60620
0.13
$295,600
6
2
2,600
Off Market
8620 S Normal Ave, Chicago, IL 60620
0.18
$451,500
4
3
2,500
Off Market
8426 S Kerfoot Ave, Chicago, IL 60620
0.11
$116,000
5
2
2,800
Recently Sold
8420 S Kerfoot Ave, Chicago, IL 60620
0.12
$209,900
4
1.5
1,600
Off Market

Local Information

  • Map ViewExplore the area around 8501 S Wallace St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1944
1,092 sqft
$164/sqft

About this House

This beautiful rehabbed brick Georgian features 2 bedrooms, 2 bathrooms, hardwood floors, gorgeous kitchen with granite counters and stainless steel appliances, finished basement, near shopping and public transportation.
8501 S Wallace St, Chicago, IL 60620 is a 2 bedroom, 2 bathroom, 1,092 sqft single-family home in Gresham, built in 1944. It last sold for $115,000 on Jul 26, 2016. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $179,100, with a rent estimate of $2,190/month.

Home Details for 8501 S Wallace St

Interior Features

Interior Details
BasementNumber of Rooms: 4Types of Rooms: Dining Room
Heating & Cooling
Heating: Forced Air, GasHeating Fuel: Forced Air
Appliances & Utilities
DishwasherMicrowaveRefrigerator

Exterior Features

Exterior Home Features
Roof: Shake ShingleExterior: BrickFoundation Type: Slab
Parking & Garage
Parking: None

Property Information

Year Built
Year Built: 1944
Property Type / Style
Property Type: Single Family HomeArchitecture: Georgian

Community

Units in Building: 1

Lot Information

Lot Area: 3720 sqft

Price and Tax history

DateEventPrice
Jul 26, 2016
Source: MRED as distributed by MLS GRID #09206501
Sold
$115,000
Jun 3, 2016
Source: Agent Provided
Pending
$115,000
Apr 28, 2016
Source: Agent Provided
PriceChange
$115,000
Price increased by 312%
Apr 26, 2016
Source: Agent Provided
Listed For Sale
$27,900
Jan 12, 2016
Source: MRED as distributed by MLS GRID #09044294
Sold
$21,500

Market trends in Gresham

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$219K
$19.17KMoM
Sale-to-List Price
100.7%
Price per sq ft
$129
$4MoM
Available listings
102
9MoM

Around this home

Neighborhood Overview

Gresham
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Gresham

At least 471 Trulia users voted on each feature.

  • 96 % Say there are sidewalks

  • 74 % Say yards are well-kept

  • 72 % Say car is needed

  • 68 % Say streets are well-lit

  • 67 % Say parking is easy

  • 66 % Say it's walkable to restaurants

  • 63 % Say it's dog friendly

  • 60 % Say there's holiday spirit

  • 54 % Say it's walkable to grocery stores

  • 52 % Say kids play outside

  • 50 % Say neighbors are friendly

  • 39 % Say they plan to stay for at least 5 years

  • 39 % Say it's quiet

  • 38 % Say there's wildlife

  • 37 % Say there are community events

  • 26 % Say people would walk alone at night

Sourced by Trulia users. Learn more about our methodology.
  • Cmsanders1989
    "I’ve lived in this neighborhood since 2014. Folks are pretty nice around here nothing . Even with crime the neighborhood is still pretty nice."
    2
    Flag
  • Aisha D.
    "Red flag not a good community to live in always shooting and police activity. Not a safe place for children at all"
    17
    Flag
  • Tayvia Mcdowell
    "Make it feel safe to have your kids around also no high percentage of breaks in or robbery’s. I also like how some churches provide services too"
    1
    Flag
  • Tanisha Goodwin
    "Everyone is friendly and mostly keep to themselves everyone keeps there yards clean and cut it’s really nice in my neighborhood "
    6
    Flag
  • Spiderloc0913
    "Everyone in my neighborhood has a unique style to them that’s what makes my neighborhood unique cause of the people that’s in it"
    7
    Flag
  • Spiderloc0913
    "Nothing at all that I can say that wrong with the area but it’s a good place to live so give it a try"
    2
    Flag
  • Hr6kwwkdfq
    "Well, Maintenance neighborhood not a lot of Kill Irving neighborhood commute to downtown and other parts of the city"
    1
    Flag
  • Trulia User
    "Everything safety for kids make sure it’s no perverts kids can play outside they home everything is need to be safe"
    2
    Flag
  • Trulia User
    "Good neighbors and well respected neighborhood great rent prices and a good neighborhood to raise kids "
    4
    Flag
  • Trulia User
    "Some blocks in Englewood are safe and some are not. Mind your business if you live anywhere in Englewood and you’ll be just fine! "
    1
    Flag
  • Trulia User
    "I live in the neighborhood now I've been around here for 16 years and I have not had any trouble It feels safe to me and the neighborhood is still growing trying to bring more business in the neighborhood make schools more safer make the neighborhood safer"
    7
    Flag
  • Trulia User
    "It can and should be better not as much crime as the surrounding neighborhood . It is close to Public Transportation, parks , and Stores that is a plus "
    1
    Flag
  • Terrance E.
    "I've lived in the neighborhood just over a year now, as I have walked through the neighborhood with my dog and driven through it. There is Barton Elementary school close by and the area seems pet friendly. 79th street is busy with a lot of negative activity the further east you go. However the further west you go becomes more peaceful and family oriented. There are several new shopping options like Walmart, Dollar Tree and Aldi that have opened on 76th and Ashland. The community has both homes and rental apts available, however there seems to be an uptick in rehabbed home sales that are causing the home values to significantly increase to 200k plus, several have listed for 300k that were complete rehabbed homes. The good news is younger families are moving in purchasing the rehabbed homes, and many long term residents have lived in their homes 30 plus years. Most of the blocks are quiet, you dont see gangs on the corners, nor do you see drug dealing or prostitution. the area has a city of chicago incentive zone, so many police, teachers, fireman and other city "
    17
    Flag
  • Trulia User
    "People walk their dogs often. Pets are welcome. Neighbors, work together in the community as it relates to pets. "
    0
    Flag
  • Trulia User
    "You will see the neighbors walking their dogs and cleaning up the mess, the dogs are always on their leashes."
    1
    Flag
  • Trulia User
    "It’s a dog friendly neighborhood huge park in the area for pet to play and get great exercise I see others walking their dogs as well"
    0
    Flag
  • Trulia User
    "Decent neighborhood. Pretty quiet on the block I live, can’t say the same about the neighborhood as a whole."
    1
    Flag
  • Trulia User
    "It's a dog-friendly neighborhood. There should be no problems with owning or having a dog as a pet here."
    0
    Flag
  • Trulia User
    "Visited with group of friends. Heard really bad things about this neighborhood. Entirely different from most areas"
    0
    Flag
  • Trulia User
    "Yes. I see people walking their dogs all the time. Pretty friendly neighborhood. Clean and easy access to many different stores, restaurants, and other attractions. "
    0
    Flag
  • Sharvon H.
    "There are a lot of home owners in this neighborhood. There are grocery stores and this a well maintained area. The crime rate is kinda high and but you might wanna watch out for your packages"
    12
    Flag
  • BARBARA H.
    "I ride public transportation in which I enjoy traveling on the bus but will be getting a vehicle soon."
    1
    Flag
  • Ms. E
    "It’s a horrible neighborhood for kids. There’s so much gun violence that it’s not safe for kids to be outside. "
    10
    Flag
  • Chantel B.
    "It’s a smooth transition from point a to point b. You should have any problems unless you get Carina "
    3
    Flag
  • Jamie D. S.
    "The Chicago Park District always has a lot of events.There are also a lot of churches in the Gresham area they have a lot of events and we also offer Saint Sabina church has an annual event every year"
    9
    Flag
  • Porter L. C. J.
    "There are lots if dog owners around, and there are several parks to walk them in. If I had a bigger apartment I'd get a dog myself. "
    4
    Flag
  • Ksimmons430
    "Contrary to negative reviews I have raised sons in this community. They are doing well and did not experience anything more than children living in other neighborhoods."
    6
    Flag
  • Eva K. B.
    "we have no events. To much crime in the neigbborhood.Older people are scared to walk through the neighborhood."
    1
    Flag
  • Michellepchalres
    "Quite because most people been in the area for years other then the dogs and children. it's a school near me so yeah"
    2
    Flag
  • Samonerobinson9912
    "There are many buildings in the area, old homes and plenty of people who live in the neighborhood and Great public transportation and plenty of stores! "
    1
    Flag
  • Danyale G.
    "my neighborhood is sometimes wild but there is public transportation is a beautiful place to see at night and I will always love this place no matter what"
    1
    Flag
  • Ladyk.1226
    "I barely see people out walking their dogs. I don’t think there are too many people that have dogs in this area. Then again it’s not an entirely safe community to do so."
    3
    Flag
  • Lynette J.
    "I like my neighbors every one is friendly.Nice park at the end of the block for the kids.Not that many restaurants but it’s ok."
    0
    Flag
  • Nicole H.
    "I drive but the public transportation is near and very convenient. You have a number of bus routes to choose from."
    0
    Flag
  • Jillian A.
    "It ok just gotta watch what block it better than the next. Some blocks are great but usually only crowded by the store on the corner."
    0
    Flag
  • Tiffany P.
    "Foster Park and St. Sabina have events for the community to bring everyone together, highlight talent, and provide resources for the youth, families, and organizations. "
    1
    Flag
  • James B.
    "I recently moved into this area and I. am not familiar with any of the community projects. I notice that the Catholic Church Saint Sabina is very active in the community"
    1
    Flag
  • Tenisha J.
    "The lounges close by if you want to stop and have a drink after work. I haven’t had any problems in the neighborhood. "
    1
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 8501 S Wallace St

  • What is 8501 S Wallace St estimated to be worth?
    Trulia's estimated value for 8501 S Wallace St in Chicago, IL is $179,100.
  • What is the price history for 8501 S Wallace St?
    8501 S Wallace St in Chicago, IL last sold for $115,000 in July 2016.
  • Is Chicago a buyer's or seller's market?
    Chicago is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Chicago?
    The median sale price in Chicago is $219K. That is up $19.17K from the prior month.
  • How big is the lot at 8501 S Wallace St?
    The lot at 8501 S Wallace St in Chicago, IL is about 0.09 acres (3,750 sq ft).

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Off Market Homes Near 8501 S Wallace St

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