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Chicago Sells City-Owned Lot for New Three-Flat Residential Development

  • When: 2025/02/19
  • Address: 1313 S Talman Ave, Chicago, IL
  • City: Chicago
  • State: IL
  • Category: City Properties
  • Subcategory: Land Sale
  • Asset Class: Multifamily
  • Property Type: Workforce Housing

The City of Chicago has approved the sale of a city-owned property at 1313 S Talman Ave to Talman Street LLC under the ChiBlockBuilder platform. The buyer intends to construct a three-flat residential building, increasing housing availability in the neighborhood. The approval, introduced by Mayor Brandon Johnson, was finalized on February 19, 2025.

Why it Matters

This decision contributes to urban housing development, enhancing residential density and promoting neighborhood growth in Chicago.

Source

Applicant - Talman Street LLC