The City of Chicago sold a vacant lot at 2426 W. Madison Street to LJS2020 Ltd., an Illinois corporation. The property was acquired by the City through foreclosure of demolition liens and tax sales. The Department of Planning and Development assessed the property's market value at $96,907.00 as of May 17, 2025. LJS2020 Ltd. submitted a proposal to landscape and fence the lot to create open space for an adjacent residential building. The sale price for the property was $9,691, which represents 10% of its market value. Public notice advertising the Department's intent to sell the property and requesting alternative proposals appeared on chiblockbuilder and in the Chicago Tribune from April 1 to May 16, 2025. No alternative proposals were received by the deadline. The City Council approved the sale.