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Bronzeville Restored Historic Mansion
For Sale
$1,100,000

4541 South Forrestville Avenue, Chicago, IL 60653

Restored 1903 mansion with four luxury apartments and coach house.

Property Size7,440 SF
Price / SF$147.85
Days on Market97

Property Features for 4541 South Forrestville Avenue

General Information

Standard status Active
Size 7,440 SF
Total Parking Spaces 3
Property subtype Two to Four Units / 4 Flat
Net Operating Income $111,150

Taxes and HOA fees

Annual Taxes $20,366

Building Details

Year Built 1890
Stories 4
Listing Agency: eXp Realty
Listed By: Michael Scanlon · License #475188240
Source: Compass
Added: May 20 Changed: Aug 23 Last Checked: Aug 7 at 9:09AM

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 eXp Realty

Investment Insights

Based on property information with market context.

This restored 1903 historic mansion, located in the heart of Bronzeville, has been converted into four oversized luxury apartments on a double-wide lot. The architect-designed 2025 renovation blends vintage character with modern functionality, preserving original stained and leaded glass, intricate woodwork, hardwood floors, pocket doors, fireplaces, built-ins, and original doors. The property has all new plumbing, electrical with upgraded 400A service and separate meters, water heaters, kitchens, baths, insulation, and individual HVAC/mini-split systems. Outdoor living is enhanced by a welcoming front porch, private rear decks, a side yard, and a common courtyard patio. A large brick coach house features parking for 3 cars on the lower level, with potential for additional living space, a studio, an office, or a rental unit above. Each full-floor unit features four exposures with abundant natural light, large bedrooms, in-unit washer/dryers, private storage, and custom-designed kitchens with soft-close cabinetry, solid surface countertops, induction cooking, upgraded appliances, backsplashes, and hoods. The bathrooms are fully updated with walk-in showers, marble slab flooring, upgraded cabinetry, and restored clawfoot tubs. The unit mix includes a 3 bed/1 bath garden unit with exposed brick and maple LVP flooring; Unit 1 is a 2,106 SF 3 bed/3 bath residence featuring a walnut-paneled dining room, statement island kitchen, bay windows, wood beams, and two ensuite baths; Unit 2 is a 2,100 SF 3 bed/2 bath home with stained glass, a decorative fireplace, an expansive solarium with terrazzo floors and lunette windows, and flexible office/family room space; Unit 3 is a 2,044 SF penthouse offering 4 bedrooms, 2 baths, a skylit stairwell entry, original hardwood floors, private ensuite bath potential, and a flexible layout. The property is situated on a short residential street among single-family homes.

Key Highlights

  • Rare, fully renovated 1903 historic mansion in Bronzeville, converted into four luxury apartments on a double‑wide lot.
  • Architect‑designed renovation blends original vintage character with modern systems.
  • Includes a large brick coach house with 3‑car parking and potential for additional living space/rental unit.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Building Supply Auto Parts Store Auto Repair Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,618
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Restored 1903 mansion with four luxury apartments and coach house.
Where is this quadplex located?
The property is located at 4541 South 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: Rare, fully renovated 1903 historic mansion in Bronzeville, converted into four luxury apartments on a double‑wide lot.; Architect‑designed renovation blends original vintage character with modern systems.; Includes a large brick coach house with 3‑car parking and potential for additional living space/rental unit.
More about this property
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