4837 S Forrestville AVE #1, Chicago, IL 60615
4837 S Forrestville AVE #1, Chicago, IL 60615
4837 S Forrestville AVE #1, Chicago, IL 60615
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$175,000
Est. payment /mo
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2 Beds
2 Baths
1,600 SqFt
Open Sun 2PM-3PM

4837 S Forrestville AVE #1 Chicago, IL 60615

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

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Key Details

Property Type Condo

Sub Type Condo

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

Rental Info Yes

Annual Tax Amount $4,130

Tax Year 2024

Lot Dimensions CONDO

Property Sub-Type Condo

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

Area Chi - Grand Boulevard

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

Building

Dwelling Type Attached Single

Building Description Brick, No

Story 3

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

HOA Fee Include None

Ownership Condo

Special Listing Condition None

Pets Allowed Cats OK, Dogs OK


Midwest Real Estate Data (MRED) IDX
Listed by Michael Applegate of  Straight-A Realty, LLC 

NEARBY SCHOOL & BUSINESS

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Anthony Florentino

Anthony Florentino

Managing Broker | License ID: 471015396

+1(773) 814-8466

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4837 S Forrestville AVE #1