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4541 S Forrestville Avenue , Chicago, IL 60653

$1,100,000
  • 4541 S Forrestville Avenue , Chicago, IL 60653 Main Photo

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New to the Market New
BEDS0 BATHS MLS#12714298
STATUSNew PROPERTY TYPEMulti Unit - Multiple

Property Description

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.

4541 S Forrestville Avenue | MLS# 12714298

This multi-family property located at 4541 S Forrestville Avenue , Chicago, IL 60653 is currently listed for sale with an asking price of $1,100,000. Search Chicago real estate on mlobato.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Lot Size: 6,002
Stories: 4.0
Taxes: $10,860
Year Built: 1888

Feature Descriptions

HVAC: Forced Air, Heat Pump
Lot Dimensions: 6002
Parcel#: 20034170170000
Tenant Pays: Air Conditioning, Electricity, Heat
Units: 5

Listed By / Shown By

Listed By

Agency Name: eXp Realty
Agency Phone: 888-574-9405

Shown By

Agent Name: Miguel Lobato
Agent Phone: (815) 494-7905
Agency Title: Gambino Realtors

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Estimated Payment

$ 6,222.38 per month $4,996.54 Principal & Interest $905.00 Property Tax $320.83 Homeowner's Insurance

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