Acquisitions—Chicago, Illinois
Englewood Gardens
- Englewood Gardens is a 167-unit, scattered site, 100% family Section 8 community located throughout the Englewood neighborhood in Chicago IL. The property received a LIHTC rehab in 1996 and is now into its extended use period.
- Englewood Gardens is a joint venture with 5T Management, a local MWBE.
- Ownership will invest approximately $1 million to address deferred and preventative maintenance scope including both in unit upgrades and systems repair and replacement.
- The property will be managed by 5T Management.
Project Profile
Acquisition and preservation of 167-units, scattered site, 100% family Section 8 community located throughout the Englewood neighborhood in Chicago, IL.
Project Team
Partner:
5T Management
Project Status
ACQUIRED: 2022
Total Project Size / Budget
176 Units
$1 million