The City of Chicago approved the sale of a City-owned property at 1142 W Garfield Blvd to Little Bear Holdings, LLC. The buyer plans to construct an automated car wash on the property, combining it with adjacent parcels they already own at 1152 W Garfield Boulevard and 1134 W Garfield Boulevard. The property was offered for sale through the ChiBlockBuilder platform, which aims to sell vacant City-owned properties for market-rate development. The market value of the property was determined by CBRE to be $28,125, but Little Bear Holdings offered to purchase it for $100,000. The sale is subject to several conditions, including the buyer submitting and gaining approval for final construction plans, obtaining all necessary permits (including zoning approvals), submitting a final budget and proof of financing, and providing due diligence documents. The ordinance mandates that the buyer construct the automated car wash project as depicted in the attached drawings. If the buyer fails to close on the acquisition within 180 days of the ordinance's passage, the ordinance will be null and void unless an extension is granted.