Listed by EXP Realty, eXp Realty
$1,350,000
4541 S Forrestville Avenue
Details
APN 20034170170000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,351
Cap Rate 7.78%
NOI $105,000
Occupancy 100%
Pro-Forma Cap Rate 8.52%
Pro-Forma NOI $115,000
Price per SqFt $144
Year Built 1890
Lot Size (SqFt) 6,000
Parking Spaces spaces
Investment Type Stabilized
Historic Conversion / Oversized 4 unit + Coach house
Marketing 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.
Investment highlights
- 4 large rehabbed units + 1 ADU
- $12,000+/mo gross rent roll day 1
- 5th unit (non-conforming ADU) in coach house
- Extra wide lot
- 3-4 car parking - currently not monetized
Listing Contacts
Listed by EXP Realty, eXp Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,000.00
$8,750.00/mo
Valuation Metrics
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DSCR
7.78%
Cap Rate
7.78%
ROI
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