4837 Forrestville Avenue, Grand Boulevard, Chicago, Illinois 60615
$175,000
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For Sale
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| Status: | Active |
| Sqft: | 1,600 |
| Cost/Sqft: | $109 |
| Beds: | 2 |
| Baths: | 2 |
| Year Built: | — |
| Property Taxes: | $4,130 |
| Days On Market: | 103 |
| Lot Size: | 0,00 |
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 Specifics
| Condos/Townhomes | |
| 3 | |
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| — | |
| — | |
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| No | |
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| Cook | |
| — | |
| 0 / Not Applicable | |
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| — | |
| — | |
| 12586052 | |
| 20102100501001 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 12 Oct, 2010 | Sold | $45,000 | MRED MLS |
| 26 Aug, 2010 | Under contract | $49,000 | MRED MLS |
| — | Last price change | $84,900 | MRED MLS |
| 4 Feb, 2010 | Listed for sale | $152,000 | MRED MLS |
| 6 Mar, 2026 | Listed for sale | $175,000 | MRED MLS |
Room Specifics
Total Bedrooms: 2
Bedrooms Above Ground: 2
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Full Bathrooms: 2
Bathroom Amenities: Whirlpool,Double Sink
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
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| CONDO | |
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| Not in DB | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2010 | $2,675 |
| 2026 | $4,130 |
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Listing Provided By
Straight-A Realty, LLC
