4541 S Forrestville Avenue Chicago, IL $ 1,100,000
4541 S Forrestville Avenue
$ 1,100,000
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4541 S Forrestville Avenue

Chicago, IL, 60653
$ 1,100,000
Bedrooms9 Baths0.0

Monthly Estimate*

$ 6,946

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Multi-Family Home for sale in Chicago, IL

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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Multi-Family Active

Price

$ 1,100,000

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 10,860

Style

Year Built

1888

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12714298

Features
General
Year 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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Exterior
Lot Dimensions 6002
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* Excluded Features
List By
Exp Realty

Broker

michael.scanlon@exprealty.com

Email

Affordability Calculator

$7,851
Per Month
88%
12%
0%
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.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/23/2026$1,100,000 Listed Price

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4541 S Forrestville Avenue, Chicago, IL, 60653 is a Multi-Family Home for sale at $1,100,000. 4541 S Forrestville Avenue has 9 bedrooms, 0.0 baths, and was built in 1888. The property's zip code is 60653 which is in Chicago, IL