4837 S Forrestville Avenue #1, Chicago, IL 60615
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4837 S Forrestville Avenue #1, Chicago, IL 60615
4837 S Forrestville Avenue #1, Chicago, IL 60615
4837 S Forrestville Avenue #1, Chicago, IL 60615
4837 S Forrestville Avenue #1, Chicago, IL 60615
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Listed by Michael Applegateof Straight-A Realty, LLC
$ 175,000
Est. payment /mo
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Open Sun 2PM-3PM

4837 S Forrestville Avenue #1 Chicago, IL 60615

2 Beds

2 Baths

1,600 SqFt


Open House

Sun May 31, 2:00pm - 3:00pm

UPDATED:

Key Details

Property Type Condo

Sub Type Condo,Garden Unit

Listing Status Active

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $109

MLS Listing ID 12586052

Bedrooms 2

Full Baths 2

Annual Tax Amount $4,130

Tax Year 2024

Lot Dimensions CONDO

Property Sub-Type Condo,Garden Unit

Property 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. The 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.

Location

State IL

County Cook

Rooms

Basement None

Interior

Heating Natural Gas

Cooling Central Air

Flooring Hardwood

Fireplaces Number 1

Fireplaces Type Gas Log

Fireplace Y

Appliance Range, Microwave, Refrigerator, Washer, Dryer

Laundry In Unit

Exterior

View Y/N true

Building

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299, 299, 299

Others

Pets Allowed Cats OK, Dogs OK

HOA Fee Include None

Ownership Condo

Special Listing Condition None


Midwest Real Estate Data (MRED) VOW
Mario E Feijoo

Mario E Feijoo

+1(847) 833-8822

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4837 S Forrestville Avenue #1