Chicago: City Seeks Redevelopment Proposals for More Than 400 Vacant Properties
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CHICAGO ~ Chicago Mayor Brandon Johnson announced today that the City of Chicago will be making over 400 parcels of vacant land available for purchase and redevelopment starting April 1. These properties, valued at a collective $26 million, offer some of the best private investment opportunities in the city.

According to Mayor Johnson, these properties will be marketed on the ChiBlockBuilder.com website and include a variety of options for development. This includes 54 lots in the Far South Side that are being offered for Missing Middle housing, a CTA site in Lake View that will be used for mixed-income housing, and over nine acres of industrial land in Armour Square and New City that can be used for mixed-uses.

The Missing Middle lots are part of a Department of Planning and Development (DPD) infill housing initiative that was launched last year in North Lawndale. These City-owned properties are intended for one- to six-unit, market-rate residential buildings and are being sold as 11 separate clusters in Morgan Park, Chatham, and South Chicago. Potential development incentives include up to $150,000 in financial assistance per unit and the sale of each lot for $1. The deadline to submit applications is May 15, 2025.

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Another property available for development is a .46-acre CTA parcel located at 3214-54 N. Wilton Ave. This site has been used for construction-related staging since 2006 but is now being made available for mixed-income housing. Federal transit guidelines require at least 40% of future units to be affordable for tenants earning 30% to 60% of the area median income. The site is valued at $4.3 million and potential development incentives include a discounted purchase price and donation tax credits for applications submitted through ChiBlockBuilder by June 30.

In addition to these properties, there is also a .95-acre parcel located at 466 W. Cermak Road that includes over 200 feet of river frontage within the Pilsen Industrial Corridor. This site, valued at approximately $1.16 million, is zoned for commercial and industrial use, as well as restaurants, grocery stores, offices, and artist workspaces. Submissions for this property are due by June 30.

The largest property available for development is an 8.2-acre parcel located at 1924 W. 46th St. within the Stockyards Industrial Corridor. This site, valued at $3.3 million, is zoned for a variety of uses including business support services, urban farms, construction sales and service, restaurants, retail, offices, and sports and recreation facilities. Submissions for this property are also due by June 30.

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In addition to these specific properties being made available for purchase and redevelopment, there are also nearly 350 additional lots available through ChiBlockBuilder for private purchase. These lots can be used for new commercial or residential construction as well as side yards, open space, and urban agriculture.

According to DPD Commissioner Ciere Boatright, these neighborhood investment opportunities are part of the City's holistic approach to addressing neighborhood needs. By returning these vacant lots to productive use through private sector development, the City hopes to revitalize these areas and provide opportunities for growth.

For more information on these properties and how to submit an application for development, interested parties can visit ChiBlockBuilder.com. The deadline to submit applications varies depending on the property but is generally May 16 or June 30 unless otherwise indicated. With these new opportunities for development in Chicago's neighborhoods, Mayor Johnson hopes that the city can continue to Build Better Together and create more affordable housing options during Fair Housing Month and beyond.

Filed Under: Government, City
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