4541 S Forrestville Avenue
Chicago, IL, 60653 $ 1,100,000
Bedrooms9 Baths0.0 Monthly Estimate*
$ 6,946
for $1,100,000 with 9 bedrooms. This home was built in 1888.
RARE investment opportunity in the heart of Bronzeville-a beautifully restored 1903 historic mansion thoughtfully converted into four oversized luxury apartments on a rare double-wide lot with additional value-add potential. This architect-designed 2025 renovation masterfully 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 introducing all new plumbing, upgraded 400-amp electrical service with separate meters, water heaters, insulation, custom kitchens, designer bathrooms, and individual HVAC/mini-split systems. Residents enjoy exceptional outdoor amenities including a welcoming front porch, private rear decks, side yard, and common courtyard patio. A substantial brick coach house provides three garage parking spaces on the main level while the upper level offers an outstanding opportunity for future expansion. Previously configured as additional living space, it presents tremendous potential for a fifth residential unit, guest suite, studio, office, or other income-producing use, subject to buyer verification and any required approvals. Each apartment occupies nearly an entire floor and benefits from four exposures, flooding the homes with natural light while offering spacious layouts, large bedrooms, in-unit laundry, private storage, and thoughtfully designed kitchens featuring soft-close cabinetry, solid surface countertops, induction cooking, upgraded appliances, designer backsplashes, and vent hoods. Bathrooms have been beautifully updated with a combination of walk-in showers, marble flooring, restored clawfoot tubs, and custom vanities. Quietly situated on a charming residential street surrounded primarily by single-family homes, this truly one-of-a-kind turnkey investment combines luxury finishes, irreplaceable historic architecture, and strong long-term rental appeal, with the added opportunity to further enhance value through the coach house. A rare offering in one of Chicago's most dynamic and appreciating neighborhoods.
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FeaturesGeneralYear Built 1888
Tenant Pays Air Conditioning Electricity Heat
Stories Count 4
Tax Year 2024
Gross Income 171000
County Cook
Net Operating Income 111150
Operating Expense 20366
Insurance Expense 4500
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 2500
Status New
Directions Takes Vincennes to 46th St and head east then go north on Forrestville and the property is on the east side.
City Chicago
Number Of Units Total 5
MLS Area CHI - Grand Boulevard
Tax Annual Amount 10860
Electric Expense 360
Fuel Expense 0
Trash Expense 2100
Water Sewer Expense 2100
Additional Parcels Y/N N
Standard Status Active
Cap Rate 10.1
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* Excluded FeaturesList Bymichael.scanlon@exprealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,946
- Monthly Property Taxes
- $905
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $628,746
Percent of Sale Price 43%
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.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/23/2026 | $1,100,000 | | Listed Price |