4837 S Forrestville Avenue #1, Chicago, IL 60615
Local realty services provided by:ERA Partners
4837 S Forrestville Avenue #1,Chicago, IL 60615
$175,000
- 2 Beds
- 2 Baths
- 1,600 sq. ft.
- Condominium
- Active
Listed by: michael applegate, brittany jones
Office: straight-a realty, llc.
MLS#:12586052
Source:MLSNI
Price summary
- Price:$175,000
- Price per sq. ft.:$109.38
About this home
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....
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Home facts
- Listing ID #:12586052
- Updated:August 15, 2026 at 11:13 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:6
- Dining Description:Combined With Living Room
- Bathrooms Description:Double Sinks, Whirlpool
- Kitchen Description:Microwave, Range, Refrigerator
- Living area:1,600 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Natural Gas
- Central air:Yes
Structure and exterior
- Building area:1,600 sq. ft.
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$175,000
- Price per sq. ft.:$109.38
- Tax amount:$4,130 (2024)
Features and amenities
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:1
- Parking description:Assigned, Off Alley, Parking Lot
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