Real estate available for conveyance
The City of Chicago, through the Department of Housing and Economic Development's Preserving Communities Together (PCT) program, notifies all interested parties that the property listed above is available for conveyance.
The selected developer will be required to submit at closing a purchase price up to $5,000.00 of the acquisition fee plus the City's cost of holding property prior to conveyance (est. 4 months at $800/month) and a $1,000 performance deposit. The deposit is held by the department pending the successful completion of the project.
The selected developer will also be required to enter into a redevelopment agreement with the department detailing the terms and timeline for the property's rehabilitation. The department reserves its right to final approval of the applicant pending City Council approval. All interested applicants must submit a PCT application, below.
For more information:
See the Preserving Communities Together program overview or call 312.744.1083 or 312.744.1082.