4541 S Forrestville AVE
Multi-Family $ 1,100,000

4541 S Forrestville AVE

Chicago, IL 60653

Open House

Sat Aug 01, 12:00pm - 2:00pm

  • 13 Beds
  • 1890 Year Built
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.
Listed by Michael Scanlon of eXp Realty

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Two to Four Units

    Listing Status Active

    Purchase Type For Sale

    Subdivision Bronzeville

    MLS Listing ID 12714290

    Style Queen Anne

    Bedrooms 13

    Year Built 1890

    Annual Tax Amount $20,366

    Tax Year 2024

    Lot Dimensions 6002

    Property Sub-Type Two to Four Units

  • Location

    State IL

    County Cook

    Community Gated, Sidewalks, Street Lights

  • Rooms

    Basement Finished, Exterior Entry, Full, Walk-Out Access

  • Building

    Foundation Block, Brick/Mortar, Concrete Perimeter

    Sewer Public Sewer

    Water Lake Michigan, Public

    Structure Type Brick

    New Construction false

  • Interior

    Heating Natural Gas, Electric, Forced Air, Heat Pump

    Fireplace N

  • Exterior

    Garage Spaces 3.0

    View Y/N true

  • Schools

    School District 299, 299, 299

  • Others

    Ownership Fee Simple

    Special Listing Condition None

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CONTACT

Michael Scanlon
Michael Scanlon

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