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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
BEDS13 BATHS8 full MLS#12714290
STATUSNew PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONBronzeville SCHOOLDistrict 299

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# 12714290

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. S Forrestville Avenue is located within the District 299 school district. Search Chicago real estate on www.gogambino.com today.

Upcoming Open Houses

Open House Saturday August 1st, 12:00pm - 2:00pm

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Exterior Entry, Full, Walk-Out Access
Garage: 3
Heating: Natural Gas, Electric, Forced Air, Heat Pump
Home Style: Queen Anne
Lot Size: 6,002
Taxes: $20,366
Year Built: 1890

Feature Descriptions

Additional rooms: Foyer
Exterior: Brick
Lot Dimensions: 6002
Parcel#: 20034170170000
Parking: Garage, Yes, Garage Owned, Detached
Sewer: Public Sewer
Total Rooms: 26
Township: Hyde Park
Water: Lake Michigan, Public

Local Schools

School District: District 299

Listed By / Shown By

Listed By

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

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

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Estimated Payment

$ 7,014.54 per month $4,996.54 Principal & Interest $1,697.17 Property Tax $320.83 Homeowner's Insurance

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