Sale of City-owned property at 2819 W Walnut St to Shreya Singh under ChiBlockBuilder program for new residential, multi-family, 3-unit building

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Chicago's ChiBlockBuilder, with CBRE Group's market assessments, sold 2819 W. Walnut Street to 2819 Walnut LLC for a housing project, requiring Neighborhood Design Guidelines adherence. The $15,000 sale, over CBRE's $12,953 valuation, included a deed restriction for project construction. A quitclaim deed was authorized, with a six-month closing window, and the City’s Corporation Counsel approved the transaction.

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