KLEE PLAZA AT SIX CORNERS

Rehabilitation and conversion of the historic 5-story, “flatiron” style Klee Building, plus new-construction of two adjoining structures, into 64 condominium units, 69 indoor parking spaces, and 19,950 square feet of retail/commercial space

PROJECT TYPE:

For-Sale Housing

DEVELOPERS:

Poter Construction & Development Company and SEJ Development, Inc.

GENERAL CONTRACTOR:

Poter Construction & Development Company

ARCHITECT:

Pappageorge/Haymes Ltd.

INVESTOR FUND:

Community Reinvestment Fund 2003 L.P.

PROJECT OWNER:

Chicago Klee Six Corners Poter/CRF Member L.P., as member of Chicago Klee Development, LLC and Six Corners, L.L.C.

ADDRESS:

4001-27 North Milwaukee Avenue / 4022-32 North Cicero Avenue, Chicago, Illinois

NEIGHBORHOOD:

Portage Park
Located in Middle-Income census tract (at time of initial investment)

NUMBER OF BUILDINGS:

3 interconnected structures

TOTAL NUMBER OF RESIDENTIAL UNITS:

64

UNIT TYPES:

31-2 Bedroom/2 Bath
1-1 Bedroom/Den/1 Bath
32-1 Bedroom/1 Bath

AFFORDABILITY:

13 units (5% of total) initially projected to be affordable to moderate-income homebuyers

TOTAL COST:

$17,260,475

CRF CAPITAL
(net to project):

$ 720,000