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CHICAGO-Two North Side properties could be acquired by the city through eminent domain and converted to parks. The city is eying a 1.6-acre parcel at 1129 N. Elston Ave. as well as a 5.8-acre parcel at 3559 N. Rockwell St.

The Elston Avenue property is located across the Chicago River from Goose Island. Further to the east, the Cabrini-Green public housing project is undergoing redevelopment. The property in the hot West Town community includes a one-story, 3,400-sf commercial building constructed in 1959. Although property records indicate a $625,000 mortgage was placed on the property in 1991, the current market value is about $300,000.

The property at Rockwell and Addison streets, in the North Center neighborhood, carries a market value slightly more than $1 million, according to tax records.

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