Four-Unit Historic Apartment
For Sale
$1,230,000
4541 S Forrestville Avenue, Chicago, IL 60653
Commercial Sale, Chicago, IL
Property SizeContact for details
Days on Market50
Property Features for 4541 S Forrestville Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
15
Bathrooms
9
Full bathrooms
9
Rooms
Bedroom 3, Bedroom 14, Bathroom 4, Bedroom 12, Bedroom 15, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 8, Bedroom 5, Bathroom 2, Bathroom 7, Bedroom 11, Bedroom 2, Bedroom 7, Bedroom 10, Bedroom 6, Bedroom 8, Bathroom 6, Bedroom 9, Bathroom 5, Bedroom 4, Bathroom 9, Bedroom 13
Directions
Takes Vincennes to 46th St and head east then go north on Forrestville and the property is on the east side.
Subdivision
CHI - Grand Boulevard
Standard status
Active
APN
20034170170000
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10860
Amenities
front porch
private rear decks
side yard
common courtyard patio
in-unit laundry
private storage
Building Details
Year built
1888
Floors in Building
4
Number of units
5
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Michael Scanlon · License #475188240
(773) 630-9205
Added: Jul 23
Changed: Sep 3
Last Checked: Sep 10 at 9:06PM
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.
Located at 4541 S Forrestville Avenue in Chicago’s Bronzeville neighborhood, this historic mansion has been reconfigured as four large apartments, with each residence occupying nearly a full floor. The 2025 renovation retained stained and leaded glass, detailed woodwork, hardwood flooring, pocket doors, fireplaces, built-ins, and original doors while adding new plumbing, insulation, upgraded electrical service, separate meters, water heaters, and individual HVAC/mini-split systems. Apartment interiors include large bedrooms, in-unit laundry, private storage, custom kitchens, and updated bathrooms with walk-in showers, marble floors, clawfoot tubs, and custom vanities.
Outdoor features include a front porch, private rear decks, a side yard, and a shared courtyard patio. A brick coach house includes three garage parking spaces on the main level; its upper floor was previously configured as living space and may support a fifth residential unit, guest suite, studio, office, or other income-producing use, subject to verification and required approvals. The property sits on a double-wide lot along a residential street surrounded primarily by single-family homes.
Outdoor features include a front porch, private rear decks, a side yard, and a shared courtyard patio. A brick coach house includes three garage parking spaces on the main level; its upper floor was previously configured as living space and may support a fifth residential unit, guest suite, studio, office, or other income-producing use, subject to verification and required approvals. The property sits on a double-wide lot along a residential street surrounded primarily by single-family homes.
Key Highlights
- Four oversized apartments, each occupying nearly an entire floor
- 2025 renovation with restored historic details and updated building systems
- Upgraded 400‑amp electrical service with separate meters
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,618
Businesses Nearby
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Business Placement
Demographics for 60653, IL
33,146
Population
18,279
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
2.4 sq mi
ZIP Area
13,811
Density / Sq Mi
$39,565
Median Household Income
$49,335
Median Earnings
$856
Median Rent
$347,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated apartments feature period detailing, updated systems, private outdoor areas, and a coach house with garage parking.
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 $1,230,000.
What are key features of this property?
This property features: Four oversized apartments, each occupying nearly an entire floor; 2025 renovation with restored historic details and updated building systems; Upgraded 400‑amp electrical service with separate meters
