The City of Chicago has approved the sale of a city-owned property at 3457 W Carroll Ave to Second Investment LLC under the ChiBlockBuilder platform. The buyer plans to develop a multi-unit residential building on a double lot, expanding housing availability in the area. The approval, introduced by Mayor Brandon Johnson, was finalized on February 19, 2025.
This decision facilitates urban residential expansion, contributing to Chicago's housing development strategy. It maximizes land use efficiency while addressing housing demand.