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$599,900

11446 48 Forrestville Ave

Chicago, IL
New
8
Bedrooms
4
Bathrooms
1908
Year Built
5
Days On Market

Exceptional Four-Unit Investment Opportunity in Chicago's Historic Rarely Available Pullman Neighborhood! Discover this well-maintained, income-producing multifamily property offering strong cash flow, established tenants, and an attractive combination of updated interiors and major capital improvements. An excellent opportunity for investors seeking immediate rental income and long-term investment potential. The clean, updated units feature modernized kitchens, bathrooms, and flooring, along with significant property improvements, including newer siding and insulation, updated plumbing and electrical, separate furnaces and water heaters, and updated roofing. A private off-street parking lot accommodating up to eight vehicles adds exceptional convenience and tenant appeal. Benefiting from low property taxes and favorable operating expenses, this property offers an attractive income profile. Situated in Chicago's historic Pullman community, residents enjoy convenient access to Metra commuter rail, CTA transportation, major expressways, shopping, dining, and neighborhood amenities. The area's rich architectural history, ongoing community investment, and proximity to Pullman National Historical Park further enhance its appeal. Strong cash flow, established tenants, low operating expenses, and substantial property updates make this a standout investment opportunity. Secure an income-producing asset in historic Pullman with lasting value and long-term potential.

Listing Information

Listing Updated
3 days ago
Listed By
Susan Mender · Listing Leaders MVPs, 2192132279
MLS#
12797169
Source
Midwest Real Estate Data (MRED)
Status
New

Facts & Features

Location

Community Information

Address
11446 48 S Forrestville Ave #ALL, Chicago, IL 60628
City
Chicago
County
Cook
Zip Code
60628

Architecture

Bedrooms
8
Bathrooms
4
Stories
3
Year Built
1908
Construction Materials
Vinyl Siding
Garage Spaces
0

Features & Amenities

Appliances
Dryer, Refrigerator, Washer, Range
Flooring
Carpet
Community Features
Sidewalks
Cooling
None
Heating
Forced Air

Property Features

Lot Features
Corner Lot
Sewer
Public Sewer

Square Footage

Total
3,097 sq. ft.

Tax & Financial Information

List Price
$599,900
Annual Taxes
$2,903

Schools

100/100
Brooks College Prep Academy High School
High · Grades 07–12 · 0.6 mi
City
Chicago
Students
831
Parent reviews
5.0★ avg · 2 reviews
Student body
83% Black · 15% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
74%
Phone
(773) 535-9930
99/100
Haley Elementary Academy
Elementary · Grades PK–08 · 1.2 mi
City
Chicago
Students
558
Student body
99% Black · 1% White · 0% Hispanic / Latino
Free/reduced lunch
98%
Phone
(773) 535-5340
68/100
Cullen Elementary School
Elementary · Grades KG–08 · 1 mi
City
Chicago
Students
199
Parent reviews
5.0★ avg · 4 reviews
Student body
98% Black · 2% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
93%
Phone
(773) 535-5375
66/100
Poe Elementary Classical School
Elementary · Grades KG–08 · 1.2 mi
City
Chicago
Students
198
Parent reviews
4.5★ avg · 4 reviews
Student body
89% Black · 6% Hispanic / Latino · 3% White
Phone
(773) 535-5525
56/100
Pullman Elementary School
Elementary · Grades PK–08 · 0.2 mi
City
Chicago
Students
313
Student body
79% Black · 20% Hispanic / Latino · 1% White
Free/reduced lunch
83%
Phone
(773) 535-5395
55/100
Curtis Elementary School
Elementary · Grades PK–08 · 0.6 mi
City
Chicago
Students
524
Student body
94% Black · 5% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
95%
Phone
(773) 535-5050
55/100
Chicago Collegiate Charter School
High · Grades 05–12 · 0.6 mi
City
Chicago
Students
252
Student body
98% Black · 2% Hispanic / Latino
Free/reduced lunch
96%
Phone
(773) 536-9098
54/100
Lavizzo Elementary School
Elementary · Grades PK–08 · 1.2 mi
City
Chicago
Students
357
Student body
98% Black · 2% Hispanic / Latino · 0% American Indian / Alaska Native
Free/reduced lunch
98%
Phone
(773) 535-5300

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
10/29/2026Listed for sale$599,900

Listed by Susan Mender · Listing Leaders MVPs · 2192132279

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: October 30, 2026 at 1:08 AM | Source: Midwest Real Estate Data (MRED) | MLS#: 12797169

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