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4541 S Forrestville Avenue Chicago, IL 60653 Multi Unit - Multiple New

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Description

RARE investment opportunity in the heart of Bronzeville - a beautifully restored 1903 historic mansion converted into four oversized luxury apartments on a rare double-wide lot. This architect-designed 2025 renovation 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 adding all new plumbing, electrical with upgraded 400A service and separate meters, water heaters, kitchens, baths, insulation, and individual HVAC/mini-split systems. The property offers gracious outdoor living with a welcoming front porch, private rear decks, side yard, and common courtyard patio, plus a large brick coach house featuring parking for 3 cars on the lower level with incredible potential for additional living space, studio, office, or rental unit above. Each spacious 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. Bathrooms are fully updated with a mix of walk-in showers, marble slab flooring, upgraded cabinetry, and restored clawfoot tubs. Unit mix includes a 3 bed/1 bath garden unit with exposed brick and maple LVP flooring; Unit 1 is a stunning 2,106 SF 3 bed/3 bath residence featuring 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, decorative fireplace, 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, skylit stairwell entry, original hardwood floors, private ensuite bath potential, and flexible layout. Quietly situated on a short residential street among single-family homes, this one-of-a-kind turnkey property offers luxury finishes, strong rental appeal, and irreplaceable historic charm.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 13
Bathrooms: 8
County: Cook
Subdivision: Bronzeville
Listed By:
eXp Realty 888-574-9405
MRED MLS
$1,250,000
Est. $8,344/mo
13beds
8baths
3cars
New to the Market New
BEDS13 BATHS8 full MLS#12694066
STATUSNew PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONBronzeville SCHOOLDistrict 299

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4541 S Forrestville Avenue , Chicago, IL 60653.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,250,000$1,250,000$1,250,000
Down Payment $43,750$0$250,000
Monthly Mortgage Amount $7,458$7,862$6,239
Taxes $1740$1740$1740
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $750$0$0
Monthly Estimated Total $10,313$9,967$8,344

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