MCGILL PARC TOWN HOMES

New construction of two buildings, each consisting of a cluster of five attached townhomes with internal garages

PROJECT TYPE:

For-Sale Housing

DEVELOPER:

Poter Construction & Development Company and Alliance Property Group, Inc.

GENERAL CONTRACTOR:

Poter Construction & Development Company

ARCHITECT:

Onyx Architectural Services, Inc.

INVESTOR FUND:

Community Reinvestment Fund 2005 LLC

PROJECT OWNER:

Chicago McGill, L.L.C.

ADDRESS:

4926 and 4946 South Drexel Boulevard Chicago, Illinois

NEIGHBORHOOD:

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

NUMBER OF BUILDINGS:

2

TOTAL NUMBER OF RESIDENTIAL UNITS:

10

UNIT TYPES:

4-3 Bedroom/4 Bath + Studio
6-3 Bedroom/4 Bath + Studio

TOTAL COST: $4,449,009

CRF CAPITAL
(net to project):

$336,400