The land sales, including the deal transferring parcels totaling 27,200 sf to Crawford Development Partners for $270,000, have been recommended for approval by the community development commission. Harris Bank has given the developer of the four sites in the 20th Ward a letter of intent to provide construction financing, according to the department of planning and development.
A local rehabber is doing a 12-unit conversion of a rental building into condominiums at 4545 S. Greenwood Ave. in the 4th Ward, but is acquiring a 6,200-sf vacant lot for $55,000 for a landscaped parking lot to serve the building. Broadway Bank is financing the $586,000 project.
McInerney and McBrearty Joint Venture is paying $41,000 for a 3,450-sf site the city acquired through a sheriff's sale in 1985. The developers will combine the lot at 4222 S. King Dr. with three others it owns to nine condominium buildings of three units each in the 3rd Ward. Prairie Bank of Bridgeview is financing the $4-million project.
Also in the 4th Ward, Art's Enterprises is paying $14,500 for a 1,800-sf lot, which will be used to build a two-unit condominium building at 4024 S. Drexel Blvd.
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