PROJECT TYPE:

For-Sale Housing;
New Markets Asset

DEVELOPER:

Mitchell Development Consultants, Inc.;
Paradigm Shift, LLC;
Safeway Construction, Inc.;
Genesis Housing Development Corporation

GENERAL CONTRACTOR:

Safeway Construction, Inc.

ARCHITECT:

Johnson & Lee Architects/Planners

INVESTOR FUND:

ComReinvest V LLC

PROJECT OWNER:

Greenwood, Berkeley, Ellis, LLC

ADDRESS:

Six-flat: 4310-12 S. Greenwood Avenue
S/F homes: 4325 S. Ellis Avenue
4327 S. Ellis Avenue
4329 S. Ellis Avenue
4331 S. Ellis Avenue
4337 S. Ellis Avenue
4319 S. Berkeley Avenue
4326 S. Berkeley Avenue
4330 S. Berkeley Avenue
4331 S. Berkeley Avenue
4346 S. Berkeley Avenue
4351 S. Berkeley Avenue
4314 S. Greenwood Avenue
4316 S. Greenwood Avenue
4320 S. Greenwood Avenue
4322 S. Greenwood Avenue
4328 S. Greenwood Avenue
Chicago, Illinois

NEIGHBORHOOD:

Kenwood
Located in a Moderate-Income census tract
(Low-Income for NMTC purposes)
(at time of initial investment)

NUMBER OF BUILDINGS:

17

TOTAL NUMBER OF RESIDENTIAL UNITS:

22

UNIT TYPES:

6 condominiums 1,100 sq ft each
2 single family homes 3,700 sq ft each
2 single family homes 2,338 sq ft each
2 single family homes 2,375 sq ft each
7 single family homes 2,850 sq ft each
3 single family homes 2,125 sq ft each

TOTAL COST:

$11,134,604

CRF CAPITAL
(net to project):

$993,300