Renovated Eight-Unit Apartment
For Sale
Contact for pricing
4943 S Forrestville Ave, Chicago, IL 60615
Center-entrance red brick eight-unit building with renovated 2BR/2BA apartments and gated parking.
Property SizeContact for details
Days on Market137
Property Features for 4943 S Forrestville Ave
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Financials
Cap Rate
7.4%
Business Included
Yes
Additional Details
Highway Access
Yes
Multifamily Units
8
Building Details
Tenancy
Multi
Listing Agency:
Great Lakes Central
Listed By:
Lucas Kristen · License #IL 471.000643
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 3:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Great Lakes Central
Investment Insights
Based on property information with market context.
This boutique center-entrance apartment building features red brick and limestone construction and contains eight renovated rental apartments. Common areas have been updated, and the units are described as better-than-condo quality, each configured as 2 bed/2 bath. Interior highlights include individual HVAC, half circular living rooms, open dining areas, crown molding, stainless-steel appliance packages, slab granite countertops, 42" upper cabinets, and front-loading European washers and dryers. Tenants also have private terraces, and exterior landscaping is described as mature and strategically planted. The property is also reported to include recent capital improvements such as a new roof, a generator system, an irrigation system, and a hand-fabricated metal cornice, along with overhead entrance code-operated gated parking.
Located in east Bronzeville, the building is described as near Dyett’s School for the Arts and Washington Park, and close to Provident Hospital and buses. It is also described as near the Green Line Train and major roadways including LSD, 90/94, and I-55.
The seller’s remarks state the building is offered fully occupied and positioned as a turnkey purchase.
Located in east Bronzeville, the building is described as near Dyett’s School for the Arts and Washington Park, and close to Provident Hospital and buses. It is also described as near the Green Line Train and major roadways including LSD, 90/94, and I-55.
The seller’s remarks state the building is offered fully occupied and positioned as a turnkey purchase.
Key Highlights
- Center‑entrance red brick & limestone eight‑unit rental building with renovated 2BR/2BA apartments
- All 8 units have individual HVAC; updated interiors include stainless appliances, slab granite countertops, and euro front‑load washer/dryer
- On‑site gated parking with code‑operated entry plus an irrigation system and a generator system
Property Analytics
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,618
Businesses Nearby
Explore this area
Business Placement
Demographics for 60615, IL
43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Center-entrance red brick eight-unit building with renovated 2BR/2BA apartments and gated parking.
Where is this apartment building located?
The property is located at 4943 S Forrestville Ave Chicago, IL.
What are key features of this property?
This property features: Center‑entrance red brick & limestone eight‑unit rental building with renovated 2BR/2BA apartments; All 8 units have individual HVAC; updated interiors include stainless appliances, slab granite countertops, and euro front‑load washer/dryer; On‑site gated parking with code‑operated entry plus an irrigation system and a generator system
