A vacant lot along the Dan Ryan Expressway in Chatham has a permit to erect a three-story, three-unit residential building. The permission was granted on August 28 for 8028 South Lafayette Avenue, a mid-block parcel between 80th and 81st Street. It was filed in May of this year, and was approved with a reported cost of $550,000.

SIte context of 8028 South Lafayette Avenue, via Google Maps
An administrative adjustment was approved by the Committee on Zoning in March. They authorized a change request from RS-2 Residential Single Unit to RM4.5 Residential Multi-Unit District.
Arthur Cleveland is named in the permit as the property owner, with Kevin Smith cited as the architect of record. The only detail included about the homes is a wood rear porch. No parking is addressed, but there is an alley at the rear of the property for access, should parking be added in a future permit. Language in the permit calls this an apartment building, so these are likely to be rental units. Simmons Home Construction is designated as the general contractor.

From the alley, via Google Street View. The permit does not call for any parking here

Nearby transit options, via Google Maps
8028 South Lafayette is located on the block with stops for southbound Route 29 State Street buses. Two blocks north where 79th Street crosses over the I-94 Expressway is the 79th Red Line elevated train platform. Route 8A, 24, and 79 CTA buses are also available along 79th Street.
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550,000 for THREE UNITS?!? I didn’t know it was still possible to build that affordably in Chicago. worth pointing out not having parking will have brought that down significantly but I swear it generally takes 550,000 per unit these days
I’d guess the total project is more than that. Often, smaller projects only report costs that require permits (unlike the complicated projects which have full financial reports beyond what is needed for simple building permits). As such, it won’t include land acquisition costs, city fees (like tap fees or impact fees), landscaping, and potentially finishes or some appliances. This also won’t include engineering and architectural costs. The true total cost could be up to $200,000-$300,000 higher, depending.
That’s Horrible!!! Squeezing a 3flat in that space and community!!!
It’s a standard city lot; a three–flat fits in there perfectly. And that community has three multi-unit residences at the north end of this block, and another half a block south on the corner of Lafayette and 81st.
Awesome. Every little bit of density helps.
CONGRATULATIONS TO HIM I WOULDN’T WANT A 3FLAT NEXT TO MY HOUSE ,HOPEFULLY THE TENATS WILL BE GOOD TENATS AND THE LANDLORD WILL KEEP THE BUILDING UP.