65th Street Apartments

6600-06 South Greenwood Avenue
1015-1017 East Marquette Road
6400-6402 South Maryland Avenue
6520-6524 South Ingleside Avenue
817-819 East 64th Street
848-858 East 65th Street
Woodlawn Community, Chicago, IL

63 Units Multi-Family, major rehab
Cost: $10.5 million
Financing: 4% Tax Credit equity through the National Equity Fund (NEF), tax-exempt bonds with volume cap from the city of Chicago through an IRP de-coupling, subordinate mortgages through the Illinois Housing Development Authority (IHDA).

A 63 unit, 100% subsidized development. This property consists of 4, three story buildings, comprised of studios, one, two, three, and four bedroom units. Built in 1910, this property received a facelift in 1983, and recently received a major cosmetic rehab to compliment the refurbished new construction found in the Woodlawn and Kenwood areas. Each apartment comes with wall-to-wall carpeting or hardwood floors, new oak cabinets, appliances, cable access. Heat and water is included in the rent. It has on-site maintenance and landscaping staff, balconies on many units, attractive landscaping, ample storage, and free off street parking at selected locations.

Completed: September 2007