Ordinance O2025-0014963 - Chicago Councilmatic

Sale of City-owned property at 3457 W Carroll Ave to Second Investment LLC under ChiBlockBuilder platform for new multi-unit building on double lot

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Chicago sells vacant city-owned land via ChiBlockBuilder, with CBRE Group, Inc. providing market value assessments. Buyers apply during an Application Period, conforming to Neighborhood Design Guidelines and demonstrating project benefits. Approved buyers receive quitclaim deeds with ALTA exceptions and covenant to improve their lot. Properties are sold "as is," releasing the city from future claims. Sales may trigger the Affordable Requirements Ordinance.

	Sponsor	Ward
	Johnson, BrandonPrimary Sponsor

History

Date	Legislative body	Action
Date 2025-02-19	Legislative body Chicago City Council	Action Passed
Date 2025-02-18	Legislative body Committee on Housing and Real Estate	Action Recommended to Pass
Date 2025-01-15	Legislative body Chicago City Council	Action Referred
Date 2025-01-15	Legislative body Chicago City Council	Action Introduced

Locations mentioned

3457 W Carroll Ave Chicago

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Ordinance O2025-0014963 Passed

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