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4541 S Forrestville Avenue, Chicago, IL, 60653
Historic Mansion Converted to Four Units

4541 S Forrestville Avenue Chicago, IL 60653

New
For Sale
$1,100,000

MULTI_FAMILY - Chicago, IL

Days on Market3

Property Features for 4541 S Forrestville Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
15
Bathrooms
9
Rooms
Bathroom 7, Bedroom 11, Bathroom 5, Bedroom 6, Bedroom 5, Bedroom 7, Bathroom 2, Bedroom 4, Bedroom 13, Bedroom 14, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 8, Bedroom 15, Bedroom 12, Bedroom 2, Bathroom 1, Bathroom 8, Bedroom 10, Bathroom 9, Bathroom 6, Bedroom 9, Bathroom 3
Standard status
Active
APN
20034170170000

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
10860

Building Details

Year built
1888
Floors in Building
4
Number of units
5
Listing Agency: eXp Realty
Listed By: Michael Scanlon · License #475188240
Added: Jul 23 Last Checked: Jul 25 at 5:06AM
MLS# 12714298

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This for-sale multifamily property features a restored 1903 historic mansion that was converted into four oversized apartments and renovated in 2025. The interior preserves original stained and leaded glass, intricate woodwork, hardwood floors, pocket doors, fireplaces, built-ins, and original doors, while adding new plumbing, an upgraded 400-amp electrical service with separate meters, new water heaters, insulation, custom kitchens, designer bathrooms, and individual HVAC/mini-split systems. Each apartment occupies nearly an entire floor and includes four exposures for natural light, in-unit laundry, private storage, and spacious layouts.

Set at 4541 S Forrestville Avenue in Chicago (60653), the property also includes outdoor amenities such as a front porch, private rear decks, a side yard, and a common courtyard patio. A substantial brick coach house provides three garage parking spaces on the main level.

The coach house upper level was previously configured as additional living space and offers a potential path for future expansion to add a fifth residential unit, guest suite, studio, office, or other income-producing use, subject to buyer verification and required approvals.

Key Highlights

  • Converted historic mansion (Year Built: 1888) into 4 apartments on a double‑wide lot with preserved vintage details and modern systems.
  • 2025 renovation with preserved stained and leaded glass, intricate woodwork, hardwood floors, pocket doors, fireplaces, built‑ins, and original doors.
  • New plumbing, upgraded 400‑amp electrical service with separate meters, water heaters, insulation, and individual HVAC/mini‑split systems for each unit.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

HVAC Service Kitchen & Bath Showroom Building Supply Auto Parts Store Auto Repair Shop Carpet & Flooring Store Florist Veterinary Clinic Home Appliance Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - A restored 1903 mansion renovated in 2025 into four apartments, plus a brick coach house with three garage spaces.
Where is this apartment building located?
The property is located at 4541 S Forrestville Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Converted historic mansion (Year Built: 1888) into 4 apartments on a double‑wide lot with preserved vintage details and modern systems.; 2025 renovation with preserved stained and leaded glass, intricate woodwork, hardwood floors, pocket doors, fireplaces, built‑ins, and original doors.; New plumbing, upgraded 400‑amp electrical service with separate meters, water heaters, insulation, and individual HVAC/mini‑split systems for each unit.
More about this property
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