4541 S Forrestville Avenue
Chicago, IL, 60653 $ 1,100,000
Bedrooms13 Baths8.0 Sq 7,440 Monthly Estimate*
$ 6,946
for $1,100,000 with 13 bedrooms and 8 full baths. This 7,440 square foot home was built in 1890.
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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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 6002
Lot Size Acres 0
Waterfront Y/N N
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* Excluded FeaturesList Bymichael.scanlon@exprealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,946
- Monthly Property Taxes
- $1,697
- 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.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/23/2026 | $1,100,000 | | Listed Price |