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City Council Authorizes Sale of Three Vacant Parcels to Root2Fruit Youth Foundation for Community Plaza Development

  • When: 2024/11/20
  • Address: 339 North Parkside Avenue; 5631 & 5637 West Lake Street, Chicago, IL 60644
  • City: Chicago
  • State: IL
  • Category: City Properties
  • Subcategory: Land Sale
  • Asset Class: Land
  • Property Type: Placemaking

This ordinance authorizes the sale of three City-owned vacant parcels at 339 North Parkside Avenue and 5631 & 5637 West Lake Street in the Austin community of Chicago to Root2Fruit Youth Foundation for $5,515, representing 10% of the combined market value of $55,150. The Department of Planning and Development valued the parcels at $14,365, $28,834, and $11,960 respectively and issued a public notice between October 1 and November 15, 2024 with no competing proposals received. The sale is set forth in “as is” condition and will be conveyed by quitclaim deed. Root2Fruit Youth Foundation intends to develop the site into a community plaza featuring an artisan market with cottage-style sheds and programming for youth. The ordinance delegates to the Commissioner of the Department to finalize and execute all necessary documentation and title conveyance. The transaction highlights interdepartmental collaboration and leverages public assets for nonprofit-driven placemaking.

Source

Applicant - Root2Fruit Youth Foundation


Ownership - City of Chicago


Developer - Root2Fruit Youth Foundation