The City of Chicago has approved the sale of a city-owned property at 1245 S Fairfield Ave to Keos Realty LLC under the ChiBlockBuilder platform. The buyer intends to construct a three-flat residential building, expanding housing options in the area. The approval, introduced by Mayor Brandon Johnson, was finalized on February 19, 2025.
This decision supports Chicago's housing development initiatives by providing additional residential units and contributing to neighborhood revitalization.