4837 S Forrestville Avenue #1
Chicago, IL, 60615
$175,000
2 Beds
2 Baths
1,600 SqFt
0 Acres
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MLS #MRD12586052 image #0
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 Details

Price:
$175,000
MLS #:
MRD12586052
Status:
Active
Beds:
2
Baths:
2
Type:
Condo
Neighborhood:
chigrandboulevard
Listed Date:
Mar 6, 2026
Finished Sq Ft:
1,600
Parking TotalChi – Grand BoulevardChigrandboulevard

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Schools

School District:
299

Interior

Appliances
Range, Microwave, Refrigerator, Washer, Dryer
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Fireplaces Total
1
Flooring
Hardwood
Heating
Natural Gas
Laundry Features
In Unit

Exterior

Construction Materials
Brick
Parking Features
Off Alley, Assigned, Parking Lot, Yes, Other
Parking Spots
1
Parking Total
1

Financial

HOA Fee Frequency
Not Applicable
HOA Includes
None
Tax Year
2024
Taxes
$4,130

Map

Community

Market Summary

Current real estate data for Condo in Chicago as of May 16, 2026
3,505
Condo Listed
56
Avg DOM
381
Avg $ / SqFt
$634,346
Avg List Price

Property Summary

    4837 S Forrestville Avenue #1 Chicago IL is a Condo for sale in Chicago, IL, 60615. It is listed for $175,000 and features 2 beds, 2 baths, and has approximately 1,600 square feet of living space.The current price per square foot is $109. The average price per square foot for Condo listings in Chicago is $381. The average listing price for Condo in Chicago is $634,346.

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