
THE SHORELINE
New construction of 27 simplex and duplex condominiums with 27 garage parking spaces
PROJECT TYPE: | For-Sale Housing
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DEVELOPER: | Poter Construction & Development Company and Alliance Property Group, Inc.
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GENERAL CONTRACTOR: | Poter Construction & Development Company
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ARCHITECT: | FitzGerald Associates Architects
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INVESTOR FUND: | Community Reinvestment Fund 2005 LLC
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PROJECT OWNER: | SOTA, L.L.C.
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ADDRESS: | 2306-2340 East 71st Street
Chicago, Illinois
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NEIGHBORHOOD: | South Shore
Located in Moderate-Income census tract (at time of initial investment)
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NUMBER OF BUILDINGS: | 1
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TOTAL NUMBER OF
RESIDENTIAL UNITS: | 27
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UNIT TYPES: | 27-2 Bedroom/1.5 Bath
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AFFORDABILITY: | 3 units (11% of total) initially projected to be affordable to
moderate-income homebuyers
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TOTAL COST: | $5,957,079
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CRF CAPITAL (net to project): | $650,000
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