4541 S Forrestville Avenue
Chicago, IL, 60653 $ 1,350,000
Bedrooms13 Baths8.0 Sq 7,440 Monthly Estimate*
$ 8,312
for $1,350,000 with 13 bedrooms and 8 full baths. This 7,440 square foot home was built in 1890 on a lot size of 0.13.
RARE investment opportunity in the heart of Bronzeville - a beautifully restored 1903 historic mansion converted into four oversized luxury apartments on a rare double-wide lot. This architect-designed 2025 renovation blends timeless vintage character with modern functionality, preserving original stained and leaded glass, intricate woodwork, hardwood floors, pocket doors, fireplaces, built-ins, and original doors throughout while adding all new plumbing, electrical with upgraded 400A service and separate meters, water heaters, kitchens, baths, insulation, and individual HVAC/mini-split systems. The property offers gracious outdoor living with a welcoming front porch, private rear decks, side yard, and common courtyard patio, plus a large brick coach house featuring parking for 3 cars on the lower level with incredible potential for additional living space, studio, office, or rental unit above. Each spacious full-floor unit features four exposures with abundant natural light, large bedrooms, in-unit washer/dryers, private storage, and custom-designed kitchens with soft-close cabinetry, solid surface countertops, induction cooking, upgraded appliances, backsplashes, and hoods. Bathrooms are fully updated with a mix of walk-in showers, marble slab flooring, upgraded cabinetry, and restored clawfoot tubs. Unit mix includes a 3 bed/1 bath garden unit with exposed brick and maple LVP flooring; Unit 1 is a stunning 2,106 SF 3 bed/3 bath residence featuring walnut-paneled dining room, statement island kitchen, bay windows, wood beams, and two ensuite baths; Unit 2 is a 2,100 SF 3 bed/2 bath home with stained glass, decorative fireplace, expansive solarium with terrazzo floors and lunette windows, and flexible office/family room space; Unit 3 is a 2,044 SF penthouse offering 4 bedrooms, 2 baths, skylit stairwell entry, original hardwood floors, private ensuite bath potential, and flexible layout. Quietly situated on a short residential street among single-family homes, this one-of-a-kind turnkey property offers luxury finishes, strong rental appeal, and irreplaceable historic charm.
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas Electric Forced Air Heat Pump
Possession Closing
Garage Spaces 3
Architectural Style Queen Anne
Construction Materials Brick
Year Built 1890
Township Hyde Park
Tax Year 2024
Ownership Fee Simple
Gross Income 142800
Community Features Gated Sidewalks Street Lights
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Subdivision Name Bronzeville
Total Rooms 26
Status New
Directions Take 45th Street East or West to Forrestvile and then South to Property. The property is located 2 Blocks East of King Drive
City Chicago
High School District 299
MLS Area CHI - Grand Boulevard
Tax Annual Amount 20366
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement Finished Exterior Entry Full Walk-Out Access
Total Bedrooms 13
Room Type Foyer
Total Baths 8
Bedrooms Possible 13
Full Baths Building 8
Half Baths Building 0
Total Number of Units 4
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ExteriorParking Features Garage Yes Garage Owned Detached
Water Source Lake Michigan Public
Total Parking 3
Foundation Details Block Brick/Mortar Concrete Perimeter
Lot Dimensions 42X175
Lot Size Acres 0.13
Waterfront Y/N N
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* Excluded FeaturesList Bymichael.scanlon@exprealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,312
- Monthly Property Taxes
- $1,697
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $628,504
Percent of Sale Price 53%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/19/2026 | $1,350,000 | | Listed Price |