CHICAGO-The city is selling land in three South Side wards for $380,000 to help four separate developments totaling 44 condominium units. The largest project is in the 6500 block of S. Woodlawn Ave., where Crawford Development Partners, LLC is building 19 market-rate and two affordable units in a $3.9-million project.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.