Sale of City-owned property at 2810-2824 E 87th St to 2804 E 87th St LLC d.b.a. The Record Track under ChiBlockBuilder platform for creation of outdoor space on seven vacant parcels for garden and performance area

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Chicago, with CBRE Group, Inc., uses ChiBlockBuilder.com to sell city-owned properties, acquired through foreclosure and tax sales, in categories like affordable housing and open space. Eligible open space buyers, who must complete projects within a year, can purchase these properties, advertised in the Chicago Tribune during an Application Period, with their current zoning and market value assessment. The sale includes a deed restriction, addressing maintenance costs and tax issues, and improving the traditional selling process.

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