Active

4837 S Forrestville Avenue #1

Chicago, IL 60615

$175,000 $737/Mo

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Overview

Bed

Bath

1,600

Sqft

Description

This garden-level 2-bedroom, 2-bath condo in the heart of Bronzeville offers a rare opportunity to own a spacious, affordable unit with over 1,500 square feet of living space and strong long-term upside in one of Chicago's most vibrant and growing neighborhoods. The unit features an open and functional layout with hardwood floors, stainless steel appliances, a cozy gas-log fireplace, and a versatile den-perfect for a home office or additional living space. The open kitchen, living, and dining areas provide a comfortable flow for everyday living, while central A/C and a private parking space add convenience. A major advantage of this property is the absence of a traditional monthly association fee, which can significantly reduce your overall monthly housing expense and improve cash flow. Th e building operates under recorded condominium documents; however, it has historically functioned without an active association collecting dues, and the current owner has not paid association fees or special assessments during over 10 years of ownership, offering a unique low-carrying-cost ownership experience. The seller will provide full transparency regarding this history along with available condominium documents, written disclosures, and title-backed protections so buyers clearly understand the structure and can move forward with confidence. From an investment standpoint, similar 2-bedroom units in the Bronzeville area are currently renting in the range of $1,500 to $1,800+ per month depending on condition and finishes, and with over 1,500 square feet and a flexible layout, this unit has the potential to perform at the higher end of that range once refreshed. The property has a proven rental track record, having been occupied by a long-term CHA voucher tenant who paid consistently and vacated honorably, and the unit successfully passed regular CHA inspections during that tenancy. While the unit shows some normal wear from long-term occupancy, it is being sold as-is, presenting an excellent opportunity for a buyer to update and customize the space to their own taste while building equity. Located on a quiet, tree-lined street just minutes from parks, restaurants, shopping, public transportation, and the lakefront, this Bronzeville condo is ideal for both owner-occupants and investors looking to secure a well-positioned asset with low carrying costs, strong rental potential, and long-term neighborhood growth.

Property Details

Property Type : Residential

Price : $175,000

AD Id : 75981733

MLS Id : MRD12586052

Beds : 2

Living Area Size : 1,600

Year Built : --

County : Cook

Map

Features

Bedroom Information

Total Bedroom: 2 Room Types: Den

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Rooms Total: 6

Interior Features

Appliances: Range, Microwave, Refrigerator, Washer, Dryer Laundry Features: In Unit
Flooring Information

Flooring: Hardwood Construction Materials: Brick
Heating & Cooling

Heating: Natural Gas Cooling: Central Air WaterSource: Lake Michigan

Lot Information

Lot Dimensions: CONDO

Property Information

Property Type: Residential Sub Type: Attached Single Type Attached: Condo,Garden Unit

Listing Price Information

Original List Price:$175000

Tax Information

Annual Tax: $4130.09 Tax Year: 2024 Parcel Number: 20102100501001

Parking Information

Total Parking: 1 Off Alley, Assigned, Parking Lot, Yes, Other Is Parking Included in Price: No

Homeowners Association Information

Included Fees: None

Utility Information

Sewer: Public Sewer Water Source: Lake Michigan
Location Information

City: Chicago Direction: East on 47th until Forrestville. Head South on Forrestville, property will be on the East side of the street.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
819 E 53rd Street #3, Chicago, IL, 60615	$210,000	2	1	1,100	1,100 SqFt
5400 S Hyde Park Boulev.., Chicago, IL, 60615	$460,000	3	2	--
1233 E 53rd Street #2, Chicago, IL, 60615	$220,000	2	1	1,000	1,000 SqFt
5168 S Wabash Avenue, Chicago, IL, 60615	$435,000	4	3	2,094	2,094 SqFt
1755 E 55th Street #605, Chicago, IL, 60615	$109,900	1	1	850	850 SqFt
4800 S Saint Lawrence A.., Chicago, IL, 60615	$270,000	3	2	1,800	1,800 SqFt
5317 S Drexel Avenue, Chicago, IL, 60615	$510,000	3	4	1,704	1,704 SqFt
4701 S Woodlawn Avenue #F, Chicago, IL, 60615	$650,000	4	3	--
1451 E 55th Street #225N, Chicago, IL, 60615	$159,000	2	1	--
5400 S Hyde Park Boulev.., Chicago, IL, 60615	$585,000	4	3	2,700	2,700 SqFt

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ByOwner last updated this listing 06/18/2026 @ 18:20

MLS: MRED #12586052 LISTED BY: Michael Applegate, Straight-A Realty, LLC 630-288-2446 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)