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Sale of City-Owned Contaminated Land for New Mixed-Use Building with 8 Units Approved in Chicago

  • When: 2025/07/16
  • Address: 5831 W. Chicago Avenue
  • Address: 5835 W. Chicago Avenue
  • City: Chicago
  • State: IL
  • Category: City Properties
  • Subcategory: Property Sale
  • Asset Class: Mixed-Use
  • Property Type: Low-Rise
  • Size (Units): 8 Units
  • Size (Dollars): $379.20

The City Council of Chicago approved the sale of two vacant, City-owned lots located at 5831-35 W. Chicago Avenue to The Mingo Group Corp. for a purchase price of $379.20. This price reflects a deduction for the estimated environmental remediation costs of $56,803.80, identified through Phase I and II Environmental Site Assessments. As a condition of the sale, The Mingo Group Corp. is required to enroll the property in the Illinois Environmental Protection Agency (IEPA) Site Remediation Program and obtain a "No Further Remediation" letter. The Mingo Group Corp. plans to develop a 3-story mixed-use building on the site, featuring ground-floor commercial space and 8 residential units, along with 8 parking spaces. The market value of the property was assessed at $57,183 by CBRE Group, Inc. The decision passed on July 16, 2025, after being recommended to pass by the Committee on Housing and Real Estate.

Source

Applicant - The Mingo Group Corp.


Ownership - The Mingo Group Corp.


Developer - The Mingo Group Corp.