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

DEVELOPER:

Building Solutions Chicago, L.L.C.

GENERAL CONTRACTOR:

Joseph J. Duffy Company

ARCHITECT:

McBride Kelley Baurer Architects/Planners

INVESTOR FUNDS:

Community Reinvestment Fund 2000 and 2003 L.P.s

PROJECT OWNER:

Grace Park Condo, L.L.C.

ADDRESS:

9353 West Irving Park Road Schiller Park, Illinois

NEIGHBORHOOD:

Schiller Park
Located in Moderate-Income census tract (at time of initial investment)

NUMBER OF BUILDINGS:

1

TOTAL NUMBER OF RESIDENTIAL UNITS:

99

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

AFFORDABILITY:

25 of the units subsidized so as to be affordable to moderate-income homebuyers

TOTAL COST:

$17,127,683

CRF CAPITAL
(net to project):

$ 1,350,000