Zoning Page

Sale of City-Owned Land to JacobDaBuilder, Inc. for Four-Unit Residential Building at 4336 and 4338 S Forrestville Ave Approved

  • When: 2025/07/16
  • Address: 4336 and 4338 S Forrestville Ave, Chicago, Illinois
  • City: Chicago
  • State: Illinois
  • Category: City Properties
  • Subcategory: Property Sale
  • Asset Class: Multifamily
  • Property Type: Townhomes
  • Size (Units): 4 Units
  • Size (Dollars): $126,541.00

The City Council approved the sale of two vacant City-owned properties at 4336 and 4338 S Forrestville Ave to JacobDaBuilder, Inc. The properties were sold under the ChiBlockBuilder platform, an initiative by the Department of Planning and Development to sell vacant City-owned land for redevelopment. The combined market value of the lots is $126,541.00. The buyer is required to construct a residential building containing four 3-bedroom units and a garage with four parking spaces. The sale is subject to conditions including the submission and approval of final construction plans, obtaining all necessary permits, and proof of financing. The ordinance was passed on July 16, 2025, after being recommended to pass by the Committee on Housing and Real Estate.

Source

Developer - JacobDaBuilder, Inc.