The City of Chicago has issued a new construction permit for a three-story, six-unit masonry residential building located at 5542 South Indiana Avenue in Washington Park. The building will feature front balconies and parking for six vehicles, including one for an accessory dwelling unit.
The permit application process took 100 days, from February 19 to May 29. The total fees associated with the permit amount to $10,648.47. The reported construction cost is $650,000.
The property’s owner is Chicago Rental 79 LLC, and the architect is Peter Sterniuk. When complete, 5542 South Indiana Avenue will be located steps from bus service for Route 55 as well as the Garfield CTA station, which services the Green Line.
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Fantastic to see this infill happening on the south side where it’s badly needed.
Agreed!
New construction housing built at $110K per unit!
The private sector taking care of business.
Why is it that when the government tries to build “affordable” housing, they usually end up spending 3x that amount? Inquiring minds want to know.
Because they often build where the private sector won’t. In these situations, Housing is being built for people who need a decent place to live. If you want to respond with a libertarian perspective about how self interest rules all, have at it. But it’s a waste of time because I find that argument to be full of circular and contradictory logic. Providing Decent housing to those who need it, due to being born to poverty, drug or alcohol, dependence, health issues, or whatever other reason, is part of the social contract. Alternative is having people live in the streets, which I’m not willing to accept. If it’s done right, federally built housing can stabilize an area so that the private sector can come in and build. It may be a shock to find out that I have no problem with gentrification, if the only other realistic alternative is having someplace fall apart completely.
Anyway, that’s my answer to your question, for what it’s worth.
Love to see some nice infill