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51 Properties Within 0.5 miles of: 4837 S Forrestville, Chicago

4837 S Forrestville Unit 1
Chicago, IL 60615

  • 2 Beds
  • 2 Baths
  • 1,600 Sq. Ft.
Price

$175,000

Est Payment
$1,217 / month (details)  
Taxes
$4,130  
Beds
2  
Baths
2  
Rooms
6  
Type
Attached  
Sq. Ft.
1,600  
Lot Size
CONDO  
Neighborhood
Bronzeville  
MLS
#12586052
Status
Active (63 days)

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.

Property Map

Property Details

Rooms

Room
Level
Flooring
Size
Living Room
Lower
Hardwood
23X14
Dining Room
Lower
COMBO
Kitchen
Lower
Hardwood
24X11
Family Room
N/A
Laundry
Lower
Other
4X4
Master Bedroom
Lower
Hardwood
14X11
Bedroom 2
Lower
Hardwood
16X8
Bedroom 3
N/A
Bedroom 4
N/A
Den
Lower
12X8

Utilities

  • Heating Natural Gas
  • Cooling Central Air
  • Water Lake Michigan
  • Sewer Public Sewer

Additional Information

Assessment Includes
None
Appliances
Range, Microwave, Refrigerator, Washer, Dryer
Pets Allowed
Cats OK, Dogs OK
Parking
1 Parking Spaces, Off Alley, Assigned, Parking Lot, Yes, Other, Parking not included in price
Schools
District 299

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

03-06-2026 Listed at $175,000
04-08-2026 Status changed to Under Contract
05-04-2026 Status changed to Active
Last Modified 5/4/26 12:53 PM

Nearby Transportation

  • Bus 47 0.2 mi
  • Bus 3 0.2 mi
  • Bus 4 0.3 mi
  • Bus 15 0.3 mi
  • Bus 2 0.5 mi
  • Bus 43 0.7 mi
  • Bus 29 0.7 mi
  • Bus 172 0.8 mi
  • Bus 55 0.8 mi
  • Bus 24 1.0 mi
  • Bus 171 1.0 mi
  • Bus 51 1.0 mi
  • Bus 39 1.1 mi
  • Bus 28 1.1 mi
  • Bus 6 1.1 mi
  • Metra Electric 1.1 mi
  • Green Line 0.4 mi
  • Red Line 1.0 mi
  • I 90 West 1.0 mi
  • I 94 West 1.0 mi
  • I 90 East 1.1 mi
  • I 94 East 1.1 mi
  • I 55 North 2.5 mi
  • I 55 South 2.5 mi
  • I 290 East 4.7 mi
grid
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