PROJECT TYPE:

For-Sale Housing

DEVELOPER:

CNS Communities, LLC/Complete Neighborhood
Solutions, Morgan Park Pentecostal Church/Victory House, and Beverly/Morgan Park CDC

GENERAL CONTRACTOR:

McShane Construction Corporation

ARCHITECT:

Hartshorne & Plunkard, Ltd.

INVESTOR FUND:

Community Reinvestment Fund 2005 LLC

PROJECT OWNER:

CNS Park Morgan North, LLC
CNS Park Morgan Monterey, LLC

ADDRESS:

Northeast Corner of Monterey & Ashland Avenues and Southwest Corner of Monterey Avenue & Davol Street Chicago, Illinois

NEIGHBORHOOD:

Morgan Park
Located in Middle Income census tracts immediately adjacent to Moderate Income census tract.
(at time of initial investment)

TOTAL NUMBER OF RESIDENTIAL UNITS:

124

UNIT TYPES:

Elevator Condominiums
6-Studio/ 1 Bath
12-1 Bedroom/1 Bath
2-1 Bedroom + Den / 1 Bath
16-2 Bedroom/ 1.5 Bath
6-2 Bedroom + Den / 1.5 Bath

Walk-up Condominiums
24-2 Bedroom / 1.5 Bath
12-2 Bedroom / 2 Bath
10-3 Bedroom / 2 Bath
4-2 Bedroom + Den / 1.5 Bath

Rowhouses
32-3 Bedroom / 2.5 Bath

NUMBER OF BUILDINGS:

Multiple

AFFORDABILITY:

30-32 units (24% - 26% of total) initially projected to be affordable to moderate-income homebuyers.

TOTAL COST:

$32,219,318

CRF CAPITAL
(net to project):

$500,000