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Rahm Wants To Sell These Empty Lots In Humboldt Park For $1

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Last week during a City Council meeting, Mayor Rahm Emanuel proposed a measure to sell six empty city owned lots to a developer at $1 each to build affordable single family homes. The lots, all of which are scattered around Humboldt Park are collectively appraised at $316,000, and would be sold to L&MC Investments LLC for a whopping $6. In exchange for the "free" lots, the developer will build two story 1,840 square foot homes on each site. The three bed, two and a half bath homes will be priced at $199,000 and made available only to households earning up to 120 percent of the median income for the area (about $88,300 for a family of four).

This news was announced the same week that listing site Redfin gave Humboldt Park the number ten spot on the nation's hottest neighborhoods for 2014. If the measure is passed, construction on the lots is expected to begin this coming spring.


· Mayor Proposes Selling Humboldt Park Lots for $1 for Affordable Homes [DNAinfo]
· Land Sale Proposed for Development of Affordable Homes on the Northwest Side [City of Chicago]

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1. 1144 N. Christiana Ave.

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1144 North Christiana Avenue
Chicago, IL 60651

2. 1122 N. Christiana Ave

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1122 North Christiana Avenue
Chicago, IL 60651

3. 1222 N Rockwell St.

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1222 North Rockwell Street
Chicago, IL 60622

4. 1226 N. Campbell Ave.

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1226 North Campbell Avenue
Chicago, IL 60622

5. 1756 N. Drake Ave.

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1756 North Drake Avenue
Chicago, IL 60647

6. 3221 W. Crystal St.

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3221 West Crystal Street
Chicago, IL 60651

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1. 1144 N. Christiana Ave.

1144 North Christiana Avenue, Chicago, IL 60651

1144 North Christiana Avenue
Chicago, IL 60651

2. 1122 N. Christiana Ave

1122 North Christiana Avenue, Chicago, IL 60651

1122 North Christiana Avenue
Chicago, IL 60651

3. 1222 N Rockwell St.

1222 North Rockwell Street, Chicago, IL 60622

1222 North Rockwell Street
Chicago, IL 60622

4. 1226 N. Campbell Ave.

1226 North Campbell Avenue, Chicago, IL 60622

1226 North Campbell Avenue
Chicago, IL 60622

5. 1756 N. Drake Ave.

1756 North Drake Avenue, Chicago, IL 60647

1756 North Drake Avenue
Chicago, IL 60647

6. 3221 W. Crystal St.

3221 West Crystal Street, Chicago, IL 60651

3221 West Crystal Street
Chicago, IL 60651