Sale of City-owned properties in 15th Ward to adjacent neighbors under ChiBlockBuilder land sale program

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ChiBlockBuilder, Chicago's platform for selling city-owned properties, advertised over 2,000 lots in its first round. The Department of Planning and Development accepted applications in categories like 'side yards', with properties sold under a deed restriction. Buyers, recommended by the Chicago Plan Commission, agreed to purchase the lots at prices representing 10% of the market value assessed by CBRE Group, Inc., enhancing the city's property sales efficiency and transparency.

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