105TH & VINCENNES
Intended for development into 244 units of mixed-income housing; property sold in bulk in October, 2005, returning to CRF2003 investors 143% of $1,900,000 net equity contributed to project to date; currently being developed into 172 units of mixed-income housing by new owner
PROJECT TYPE: | For-Sale Housing
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DEVELOPER: | Cornerstone Residential Group, LLC
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GENERAL CONTRACTOR: | Cornerstone Residential Group, LLC
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ARCHITECT: | Johnson & Lee, Ltd.
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INVESTOR FUND: | Community Reinvestment Fund 2003 L.P.
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PROJECT OWNER: | 105th & Vincennes, LLC
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ADDRESS: | Site bounded by
West 105th Street,
West 107th Street,
South Vincennes Avenue, and
Dan Ryan Expressway extension (I-57)
Chicago, Illinois
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NEIGHBORHOOD: | Washington Heights
Located in Moderate-Income census tract (at time of initial investment)
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TOTAL COST: | $60,791,650
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CRF CAPITAL
(net to project): | $2,050,000
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