
GRACE PARK CONDOMINIUMS
New-construction of a single building containing 99 residential units for seniors aged 55 and above, plus 49 deeded parking spaces in an indoor, below-grade garage
PROJECT TYPE: | For-Sale Housing
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DEVELOPER: | Building Solutions Chicago, L.L.C.
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GENERAL CONTRACTOR: | Joseph J. Duffy Company
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ARCHITECT: | McBride Kelley Baurer Architects/Planners
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INVESTOR FUNDS: | Community Reinvestment Fund 2000 and 2003 L.P.s
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PROJECT OWNER: | Grace Park Condo, L.L.C.
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ADDRESS: | 9353 West Irving Park Road
Schiller Park, Illinois
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NEIGHBORHOOD: | Schiller Park
Located in Moderate-Income census tract (at time of initial investment)
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NUMBER OF BUILDINGS: | 1
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TOTAL NUMBER OF
RESIDENTIAL UNITS: | 99
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UNIT TYPES: | 28-1 Bedroom/1 Bath
13-1 Bedroom/Den/1 Bath
20-1 Bedroom/Den/1.5 Bath
27-2 Bedroom/2 Bath
11-3 Bedroom/2 Bath
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AFFORDABILITY: | 25 of the units subsidized so as to be
affordable to moderate-income homebuyers
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TOTAL COST: | $17,127,683
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CRF CAPITAL (net to project): | $ 1,350,000
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