(773) 325-2800
  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • Home
  • Buyers
    • Search All Listings
    • Search New Listings
    • Search Open Houses
    • User Login
  • Sellers
    • Sell with Pearson Realty Group
    • What’s My Home Worth?
  • Neighborhoods/Buildings
    • Neighborhoods
    • Rental Buildings
  • Services
    • Luxury
    • Bank Owned + Receivership
    • Commercial
    • Leasing
    • Short Sale
    • Property Management
  • Blog
  • About
    • About
    • Our Agents
    • Join Us!
    • Careers
    • Real Estate School
    • Testimonials
  • Contact
Home > Chicago Lists of Over 2000 Lots For Sale

Chicago Lists of Over 2000 Lots For Sale

November 29, 2022 by Timothy Hellstern Leave a Comment

ChiBlockBuilder List of Chicago-Owned Properties For Sale

In collaboration with community leaders and stakeholders on the South and West sides, The City of Chicago has announced a new city-owned vacant land redevelopment program. Dubbed ChiBlockBuilder, this Department of Planning and Development (DPD) program intends to build up communities by listing over 2,000 city-owned lots for sale across the city with a strong focus on the Englewood, Garfield Park, Lawndale, and Austin neighborhoods.

The city is working very closely with DPD to address racial equity issues this has caused across the city. The goal is to address various issues harming minority neighborhoods such as the displacement of black & brown communities, disinvestments, transparency in planning, and much more. If you visit the ChiBlockBuilder page you can read about the DPD application of their racial equity framework through their 3 main tenants – Reflect On Our Past, Reclaim Our Present, & Reimagine Our Future. This provides amazing opportunities for those looking to invest in the communities & neighborhoods that mean the most to them and help shape them for a better tomorrow.

You can visit the ChiBlockBuilder page for a fully interactive map of all the city-owned vacant lots for currency available for sale HERE. You can refine your search by community area, ward, sales status, zoning district, and square footage of the properties for sale. Selecting a property will also display an info card with various information such as the property’s market value, any available property photos, and a link to apply to purchase. Available properties will be shown in blue and non-available properties are shown in gray.

To be successfully approved to purchase a City of Chicago-owned vacant lot through the ChiBlockBuilder program it will have to be used for the following project categories: Housing, Side Yards, Commerical Development, and Open Space. These categories were carefully selected to ensure the largest positive net gain for the community and investors alike.

  • Housing: has 2 categories
    • Affordable Housing: For sale housing that will be affordable to households at up to 140% of the area median income (AMI).
    • Market Rate Housing: Housing that will be occupied by the builder or sold at market rate.
  • Side Yard: Fenced yard directly adjacent to a neighbor’s home; can be used for any purpose allowable by zoning.
  • Commercial Development: A property intended to house a business, such as a store, restaurant, or office. This includes mixed-use buildings, which have both commercial space and housing.
  • Open Space: Spaces for community and recreation, such as gardens, parks, and plazas.

The Chicago.gov FAQ page states they will review applications by late Spring 2023 and the city council will give approvals for proposed sales in summer 2023. You can also view more detailed information on applying for projects – such as the specific steps for purchasing a property through the website, how multiple buyer applications for the same lot are prioritized, what buyer support is available during the application process, and much more. This will help set expectations, budgets, and timelines for planning out new development projects on the South and West sides. There are even opportunities for current homeowners so be sure to check it out if you’re looking to invest in your community.

If you’re interested in the overall transparency of the mission goals and what is involved in evaluating the performance of this program, be sure to read the Land Sale Evaluation from the Great Cities Insitute (GCI) at the University of Chicago (UIC). This will dive deeper into the fiscal, crime, and wealth-building metrics of the project to measure its potential success.

Filed Under: Property Listings, Real Estate News Tagged With: City Programs, city-owned lots, for sale, investment properties

Leave a Reply Cancel reply

You must be logged in to post a comment.

Categories

  • Agent & Broker Tips
  • Buying Tips
  • Chicago Lifestyle
  • Community Updates
  • Homeowner Tips
  • Market Reports
  • Neighborhood News
  • Pearson News
  • Property Listings
  • Real Estate News
  • Renter Tips
  • Seasonal Updates
  • Selling Tips

What’s My Home Worth?

What's My Home Worth?
Newsletter Sign Up
For Interesting Market Updates, Hot Listings and More

Contact Us

Pearson Realty Group
(773) 325-2800
Contact Us

Loan Specialist
Contact TK ⟩

Pay Earnest Money Online

Recent News

  • The Pros and Cons of Renting VS Buying in Chicago
  • Why There Is A Property Management Sign On Every Building In Chicago
  • The Process of Buying A Condo In Chicago

sitemap   •   PearsonCORE   •   Agent Center  •   ©2023 All Rights Reserved