Real Estate & Development News
Dozens of the McKinley Park neighborhood's residential and commercial properties appear on the delinquency list for 2016 taxes and are at risk of being included in Cook County's upcoming annual tax sale on May 4, according to public data released by the Cook County Treasurer's office.
The properties span the neighborhood and include some properties deemed "most vulnerable," meaning that the owners might not even be aware of their tax delinquency. By law, the treasurer's office is required to auction off back taxes, which can lead to the owner losing the property to whomever pays for their owed taxes.
Read more: Dozens of McKinley Park Properties Hit Tax Delinquency List
The McKinley Park Community Garden, which is returning to the neighborhood for the 2018 growing season, has opened up registration for garden plots at its new, permanent location between northbound and southbound Damen Avenue. The first-come, first-served registration of plots runs through March 10, or until its capacity of 24 plots is full.
Interested gardeners should register online as soon as possible in order to secure a plot, which costs $50 for the growing season. After the sign-ups, a garden meet and greet event on March 17 will let gardeners socialize and learn about the site plan, garden workdays and garden events for 2018.
Three gargantuan city-owned properties in the Central Manufacturing District received scrutiny from architects and planners this past Friday, February 23, during a tour designed to market their sale and redevelopment.
As a lead-in to C40's Reinventing Cities design competition, the tour meandered through the lots and buildings stretching from 1717 to 1819 West Pershing Road, led by representatives from the City of Chicago's Department of Planning and Development.
Read more: Tour Offers Peek Inside Central Manufacturing District Buildings
Crain's Chicago Business has again featured the McKinley Park neighborhood as a choice spot for home buyers and a hot real estate market in a recently published article as part of its "Where to Buy" series.
The article, which compares McKinley Park against suburban Libertyville, notes McKinley Park's rising home prices and competitive market, with single family homes selling, on average, in 60 days in 2017, versus the citywide average of 92 days.
Read more: Crain's Again Highlights McKinley Park Real Estate
The McKinley Park Neighborhood Plan is now online! Click here to read the plan.The McKinley Park Development Council, a young non-profit founded to enable neighborhood economic, social and cultural development, moved forward with building the group and defining programs at its meeting on Wednesday, February 21, at the McKinley Park field house. Breakout sessions of committees focusing on neighborhood business development, events and beautification began creating roles and priorities for the group's activities.
The nearly 30 meeting attendees represented a broad swath of the neighborhood's residents, business owners and leaders. As stated by President John Belcik, the council continues its work to develop a comprehensive neighborhood development plan with the Chicago Metropolitan Agency for Planning (CMAP), and a launch and rollout for this will occur in the early spring.
Read more: Neighborhood Development Planning Advances at Council Meeting
