PROGRAM OVERVIEW
The PrivateBank has committed to make $10 million of financing available for the renovation of homes purchased through the Cook County Land Bank Authority (CCLBA). The primary goal of the program is to assist the CCLBA in reducing Chicago’s inventory of foreclosed and abandoned homes, while increasing home ownership and providing affordable housing opportunities. The PrivateBank will provide construction financing directly to qualified for-profit and non-profit developers to purchase, renovate, and sell home inventory that has been acquired through the CCLBA.
HIGHLIGHTED PROPERTIES
The following is a list of highlighted properties that are available under The Housing Initiative Program. These properties were picked out of the CCLBA’s existing inventory based on their potential to be sold (e.g. – Acquisition Costs + Rehab Costs <Post-Rehab Sales Price) to a future homeowner. If interested, please click on the property link below which will navigate you to our existing property inventory page. If you are interested in a property, please contact Eric Williams, Senior Acquisition Manager, at (312) 603.8018.
1309 N 36th Ave.
Melrose Park, IL. 60160
Minimum Offer Amount: $65,101
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939 University Ave.
Matteson, IL. 60443
Minimum Offer Amount: $87,000
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6638 S. Artesian Ave.
Chicago, IL. 60629
Minimum Offer Amount: $19,607
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6606 S. Oakley Ave.
Chicago, IL. 60636
Minimum Offer Amount: $17,000
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8556 S. Saginaw Ave.
Chicago, IL. 60617
Minimum Offer Amount: $15,000
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6930 S. Elizabeth St.
Chicago, IL. 60636
Minimum Offer Amount: $22,000
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7519 S. Vernon Ave.
Chicago, IL. 60619
Minimum Offer Amount: $20,000
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10232 S. Yates Blvd.
Chicago, IL. 60617
Minimum Offer Amount: $9,540
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7428 S. Oakley Blvd.
Chicago, IL. 60636
Minimum Offer Amount: $17,000
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8642 S. Marshfield Ave.
Chicago, IL. 60620
Minimum Offer Amount: $26,000
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11741 S. Racine Ave.
Chicago, IL. 60643
Minimum Offer Amount: $17,000
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9620 S. Halsted St.
Chicago, IL. 60628
Minimum Offer Amount: $14,840