4837 S Forrestville AVE #1, Chicago, IL 60615
4837 S Forrestville AVE #1, Chicago, IL 60615
4837 S Forrestville AVE #1, Chicago, IL 60615
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$175,000
Est. payment /mo
2 Beds
2 Baths
1,600 SqFt
Save

UPDATED:

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


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

Nearby Locations

Restaurants
Home Services
Health & Medical
Local Services
Shopping
Recreation
Arts & Entertainment
Food
Beauty
Nightlife
Event Planning & Services
Automotive
Religious Organizations
Financial Services
Professional Services
Travel
Education
Pets
Public Services & Government
Local Media
  • H-Dogs

    4655 S Martin Luther King Dr, Chicago, IL 60653

    Fast Food Phone: 773-633-2978

  • New Hong Kong Delight Restaurant

    5044 S Cottage Grove Ave, Chicago, IL 60615

    Chinese Phone: 773-548-2828

  • Union Submarine Shop

    110 E 51st St, Chicago, IL 60615

    Fast Food Phone: 773-373-2040

  • Black Bean Internet Cafe

    3943 S Indiana Ave, Chicago, IL 60653

    Cafes Phone: 773-855-2233

  • McDonald’s

    740 E 47th St, Chicago, IL 60653

    Burgers Phone: 773-924-6070

  • Kennedy Fish & Chicken

    112 E 47th Street, Chicago, IL 60653

    Phone: 773-536-8000

  • Chicago Philly

    502 E 47th Street, Chicago, IL 60653

    Phone: 773-285-4100

  • Chicago’s Home of Chicken & Waffles

    3947 S King Dr, Chicago, IL 60653

    Breakfast & Brunch Phone: 773-536-3300

  • Alice Bar-B-Que

    65 E 43rd St, Chicago, IL 60653

    Barbeque Phone: 773-924-3843

  • McDonalds 47th & Cottage Grove

    47th & Cottage Grove, Chicago, IL 60615

    Fast Food

  • Harold’s Chicken Shack

    108 E 47th St, Chicago, IL 60653

    Fast Food Phone: 773-285-8362

  • Simply Soups, Salads & Sandwiches

    635 E 47th St, Chicago, IL 60653

    Soup Phone: 773-373-3810

  • Pizza Ria Bronzeville

    4300 S Michigan Ave, Chicago, IL 60653

    Pizza Phone: 773-548-3333

  • Uncle Joe’s

    4655 S King Dr, Chicago, IL 60653

    Caribbean Phone: 773-855-8457

  • Burger King

    749 E 47th St, Chicago, IL 60653

    Burgers Phone: 866-394-2493

  • Pearl’s Place

    3901 S Michigan Ave, Chicago, IL 60653

    Soul Food Phone: 773-285-1700

  • Annas Restaurant

    124 1/2 E 51st St, Chicago, IL 60615

    American (New) Phone: 773-624-2699

  • Shark’s Fish

    5048 S Cottage Grove Ave, Chicago, IL 60615

    Seafood Phone: 773-538-4780

  • Harold’s Chicken Shacks

    364 E 47th St, Chicago, IL 60653

    Phone: 773-285-8362

  • Uncle J’s Bar B Q

    502 E 47th St, Chicago, IL 60653

    Barbeque Phone: 872-244-3535

  • Philly’s Famous Steak & Lemonade

    219 E 47th Street, Chicago, IL 60653

    Phone: 773-624-9960

  • A.P. Deli

    502 E. 47th Street, Chicago, IL 60615

    Delis Phone: 773-952-8672

  • Subway

    5040 S Cottage Grove Ave, Chicago, IL 60615

    Sandwiches Phone: 773-536-7827

  • New York Deli

    316 E 47th St, Chicago, IL 60653

    Delis Phone: 773-627-7342

  • Baba’s Famous Steak & Lemonade

    130 E 51st St, Chicago, IL 60615

    Steakhouses Phone: 773-548-6288

  • Birrieria Y Taqueria Arandas

    1738 W 47th St, Chicago, IL 60609

    Mexican Phone: 773-376-9770

  • Chicago Steak House

    219 E 47th St, Chicago, IL 60653

    Sandwiches Phone: 773-924-1900

  • Tasty Beef

    4248 S Cottage Grove Avenue, Chicago, IL 60653

    Phone: 773-373-7089

  • Uncle Remus

    737 E 47th St, Chicago, IL 60653

    Chicken Wings Phone: 773-966-6838

  • Gladys’luncheonette

    4527 S Indiana Ave, Chicago, IL 60653

    Phone: 773-548-4566

  • China Wok

    225 E47th St, Chicago, IL 60653

    Cantonese Phone: 773-548-0384

  • Great Wall

    5032 S State St, Chicago, IL 60609

    Chinese Phone: 773-451-0858

  • Dragon Express

    225 E 47th St, Chicago, IL 60653

    Chinese Phone: 773-548-0384

  • Tony’s Carryouts

    101 E 47th Street, Chicago, IL 60653

    Phone: 773-285-5235

  • Peach’s Resturant

    4652 S King Dr, Chicago, IL 60653

    American (Traditional) Phone: 773-966-5801

Go tour this home

4837 S Forrestville AVE #1