This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/13
$1,100,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/13
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.
Full Property Details
Full Property Details for 4541 S Forrestville Ave
General
- Price: $1,100,000
- HOA FEE: $2,500
- Taxes: $10,860 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12714298
- Updated: 7/29/2026
- Added to Site: 8 day(s) ago
Location
- Area: CHI - Grand Boulevard
- County: Cook
- Driving Directions: Takes Vincennes to 46th St and head east then go north on Forrestville and the property is on the east side.
Heating & Cooling
- Heating Type: Forced Air, Heat Pump
Utilities
- Trash: 2100
Structural Information
- Stories/Levels: 4
- Year Built: 1888
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 6002
Financial Considerations
- Maint. Fee: $2,500
- Insurance Fee: $4,500
- Operating Expenses: $20,366
- Assessment Year: 1888
- Tax Amount: $10,860
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 360
- Pays Trash: 2100
Disclosures and Reports
- Property ID: 20034170170000
Listed by eXp Realty
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 4541 S Forrestville Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Woodson South Elementary School 4414 South Evans Avenue, Chicago, IL 60653 | PK-3 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4541 S Forrestville Ave
Date
Details
Price
Change
Source
7/23/2026
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4541 S Forrestville Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,860
—
$101,000
97%
2023
$10,860
3%
$51,305
—
2022
$10,586
2%
$51,305
—
2021
$10,348
-39%
$51,305
-37%
2020
$16,912
-5%
$81,500
-12%
2019
$17,827
-2%
$92,158
—
2018
$18,204
15593%
$92,158
33%
2017
$116
-99%
$69,143
—
2016
$13,849
214%
$69,143
—
2015
$4,406
-55%
$69,143
20%
2014
$9,892
-1%
$57,719
—
2013
$10,019
1%
$57,719
—
2012
$9,910
—
$57,719
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4541 S Forrestville Ave
4541 S Forrestville Avenue, Chicago, IL 60653 (MLS# 12714298) is a Commercial property. 4541 S Forrestville Avenue is currently listed for $1,100,000 and was received on July 23, 2026. Want to learn more about 4541 S Forrestville Avenue? Do you have questions about finding other Commercial real estate for sale in Grand Boulevard? You can browse all Grand Boulevard real estate or contact a Coldwell Banker agent to request more information.

