SHERIDAN PLACE

New-construction of a seven story building with approximately 3,217 square feet of commercial space, 60 indoor parking spaces, and 60 residential condominium units

PROJECT TYPE:

For-Sale Housing

DEVELOPER:

Poter Construction & Development Company

GENERAL CONTRACTOR:

Poter Construction & Development Company

ARCHITECT:

FitzGerald Associates Architects

INVESTOR FUND:

Community Reinvestment Fund 2003 L.P.

PROJECT OWNER:

Sheridan Place in Uptown Limited Partnership

ADDRESS:

4701 North Sheridan Road / 950 West Leland Avenue Chicago, Illinois

NEIGHBORHOOD:

Uptown
Located in Low-Income census tract (at time of initial investment)

NUMBER OF BUILDINGS:

1

TOTAL NUMBER OF RESIDENTIAL UNITS:

60

UNIT TYPES:

5-2 Bedroom/2 Bath
5-1 Bedroom/Den/1 Bath
15-1 Bedroom/1 Bath
5-2 Bedroom/1 Bath
10-2 Bedroom/2 Bath
10-1 Bedroom/Den/1 Bath
10-2 Bedroom/2 Bath

AFFORDABILITY:

10 units (6% of total) initially projected to be affordable to moderate-income homebuyers

TOTAL COST:

$14,565,601

CRF CAPITAL
(net to project):

$1,415,000