Ordinance O2025-0014969 - Chicago Councilmatic

Sale of City-owned properties at 7027-7029 S Princeton Ave and 5537 S Justine St to NeighborSpace under ChiBlockBuilder platform for improvement of City property with open space project

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The City of Chicago, having acquired vacant parcels through foreclosure and tax sales, partnered with CBRE Group, Inc. for market value assessments and created ChiBlockBuilder to sell these properties. Advertised in the Chicago Tribune during an Application Period, the site allows eligible buyers to apply. Buyers must complete projects within one year, adhere to a deed restriction, address potential environmental concerns, and comply with the Municipal Code of Chicago.

	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

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Ordinance O2025-0014969 Passed

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