There are multiple listings for this address:
4541 S Forrestville Avenue
Chicago, IL, 60653
$1,230,000
13 Beds
8 Baths
0 SqFt
0 Acres
Add
Add
$1,230,000
4541 S Forrestville Avenue
Chicago, IL, 60653
MLS #MRD12714290 image #0MLS #MRD12714290 image #1MLS #MRD12714290 image #2MLS #MRD12714290 image #3MLS #MRD12714290 image #4MLS #MRD12714290 image #5MLS #MRD12714290 image #6MLS #MRD12714290 image #7MLS #MRD12714290 image #8MLS #MRD12714290 image #9MLS #MRD12714290 image #10MLS #MRD12714290 image #11MLS #MRD12714290 image #12
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.

Property Details

Price:
$1,230,000
MLS #:
MRD12714290
Status:
Active
Beds:
13
Baths:
8
Type:
Multi Family
Neighborhood:
chigrandboulevard
Listed Date:
Jul 23, 2026
Year Built:
1888
Units:
5
Chi – Grand BoulevardChigrandboulevard

Schools

Interior

Exterior

Stories
4

Financial

Maintenance Fee
$2,500
Net Operating Income
$111,150
Tax Year
2024
Taxes
$10,860
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Ask a Question
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Schedule a Showing

Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

More About Debra

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Current real estate data for Multi Family in Chicago as of Aug 19, 2026
1,423
Multi Family Listed
82
Avg DOM
$528,749
Avg List Price

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Property Summary

    4541 S Forrestville Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60653. It is listed for $1,230,000 To schedule a showing of MLS#mrd12714290 at 4541 S Forrestville Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
4541 S Forrestville Avenue
Chicago, IL
4541 S Forrestville Avenue
Chicago, IL, 60653
$1,230,000
9 Beds
6 Baths
0 SqFt
0 Acres
Add
Add
$1,230,000
4541 S Forrestville Avenue
Chicago, IL, 60653
MLS #MRD12714298 image #0MLS #MRD12714298 image #1MLS #MRD12714298 image #2MLS #MRD12714298 image #3MLS #MRD12714298 image #4MLS #MRD12714298 image #5MLS #MRD12714298 image #6MLS #MRD12714298 image #7MLS #MRD12714298 image #8MLS #MRD12714298 image #9MLS #MRD12714298 image #10MLS #MRD12714298 image #11MLS #MRD12714298 image #12
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.

Property Details

Price:
$1,230,000
MLS #:
MRD12714298
Status:
Active
Beds:
9
Baths:
6
Type:
Commercial
Neighborhood:
chigrandboulevard
Listed Date:
Jul 23, 2026
Year Built:
1888
Chi – Grand BoulevardChigrandboulevard

Schools

Interior

Exterior

Stories
4

Financial

Maintenance Fee
$2,500
Net Operating Income
$111,150
Tax Year
2024
Taxes
$10,860
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

More About Debra

Mortgage Calculator

 

Map

Current real estate data for Commercial in Chicago as of Aug 19, 2026
1,423
Commercial Listed
82
Avg DOM
$528,749
Avg List Price

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Property Summary

    4541 S Forrestville Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60653. It is listed for $1,230,000 To schedule a showing of MLS#mrd12714298 at 4541 S Forrestville Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.