The City of Chicago has approved the sale of a city-owned property at 2866 W 23rd St to VCG Developers LLC under the ChiBlockBuilder platform. The developer plans to construct a three-unit multifamily residential building on the site, providing additional housing in the neighborhood. The approval, introduced by Mayor Brandon Johnson, was finalized on February 19, 2025.
This decision supports housing development and urban density while repurposing underutilized land. It contributes to the city's broader housing goals and provides new residential opportunities.