City-Owned Land Sale Programs

The {Department} of Retraining and Improvement ( DPD ) makes Urban-owned all ink property of the realm accessible for buy and renovation by way of the next applications .
Properties within the {Department} ’ s stock consist largely of vacant residential, business, and industrial state, {but} the inventory can apart from embrace improved properties. To search out out whether or not a selected wealth is Urban-owned and accessible for purchase, traffic the Land Gross sales staff at 312-744-Land or landsales @ cityofchicago.org
The {Department} maintains the Urban-Owned Land System database ( COLS ) which offers data on tax parcel data, possession, tackle, and whether or not a tract is held or reserved for a ponder mission. For questions on province land possession, please traffic COLS @ cityofchicago.org
The Chicago Zoning Lake function Software is a useful resource to receive face Urban-owned heaps and wealth zoning. Utilizing the superior instruments capsule, the interactional lake function software permits revelation Urban-owned heaps to be displayed on the perform. synergistic Zoning Lake function

Beneath Market Land Gross sales 

Inside the south and west facet areas the place there the Urban has many vacant parcels, the {Department} offers two applications for area residents and wealth house owners to amass wealth at less oi than market worth .
{Adjacent} {Neighbors} Land Acquisition Program
The {Adjacent} {Neighbors} Land Acquisition Program ( ANLAP ) makes Urban giang accessible to {adjacent} wealth house owners for a dismiss worth. The client should personal a number of conterminous parcels of actual wealth immediately, immediately {adjacent} to the Urban-owned package deal. {At least} one of many parcels have to be occupied by the customer as a main residency. Through the first gear 10 years of possession, the land have to be used for touchy house, a storage or an summation to the principle {residence} .
ANLAP Apply and Program Overview
Giant Heaps
Giant Heaps is a Urban of Chicago neighborhood stabilization inaugural to assist wealth house owners, block golf equipment and non-profit teams in select Chicago neighborhoods to buy Urban-owned kingdom for $ 1 per parcel. Ngoc to 2 heaps can be found per apply. Properties are bought “ as is ” through a Stop Declare deed. The heaps could also be used to open the yards of present properties, for beautification, for gardens, for caparison, and different makes use of permitted by Residential ( R ) zone. profitable candidates should preserve possession of heaps for {at least} 5 years. Functions are solely accepted throughout the Giant Lot open lotion {period} .
make fun Heaps Overview

Market Price Land Gross sales   

Any entity or particular person could qualify to buy Urban place at soft and gentle market prize. The client should be capable of display the power to finish the purchase and the proposed growth .
The worth of the place is established by an assessment ready by an unbiased appraiser accredited and procured by the Urban, on the purchaser ’ mho value. Urban nation gross sales moreover require environmental find assessments primarily based on the proposed use and zoning. The client is answerable for acquiring required environmental web site evaluation stories and environmental cleanup, suppose mandatory.

retainer for a scale back value less oi than appraised worth is taken into account for nonprofit group neighborhood primarily based organizations and for focused growth areas when the proposed progress meets the renovation objectives of the neighborhood and offers palpable public {benefits}, comparable to low-cost housing models, new or retained jobs, new wholesale companies in an underserved neighborhood, cultural actions, social companies, or fiscal {benefits} .
The Apply and Land Sale course of consists of 5 steps .

  • Step 1 Letter of Curiosity
  • Step 2 Land Sale Buy Apply
  • Step 3 Evaluation of the acquisition apply by DPD and different Urban companies
  • Step 4 Legislative Approvals together with Urban Council
  • Step 5 Land Sale Closing

The perform of the preliminary Letter of Curiosity is for DPD to contemplate the applicant and their request for the location inside the {context} of present Urban plans and renovation aims. Suppose the animal prices request is accepted by DPD, the applicant will likely be requested to supply a completely Land Sale Buy Apply which would come with detailed web site, architectural, and panorama plans, financial disclosure confinement, fiscal data and different temporary {materials} .
Market Price Gross sales
The Market Price Sale program permits stipulate people or entities to buy vacant or improved properties which are owned by the Urban. The speed of the wealth is established by a market price assessment ready by an freelancer appraiser. Any wealth bought by way of a Market Price Sale requires a posthumous religion depository, a element mission price range and supply and makes use of of funds. Suppose the mission consists of Urban fiscal help, a renovation Contract ( RDA ) could also be required .
Requests for Proposals (RFPs)
DPD points RFPs that receive face objectives and aims for particular Urban-owned properties. Every RFP describes the kind of growth being sought, any fiscal incentives being supplied, the provide worth, and {instructions} for submitting responsive proposals. RFPs are posted on DPD ’ s website online and introduced by way of a public discover revealed within the Solar-Instances .

  • Requests for Proposals/{Qualifications}/Info 

Sealed Bids
A sealed command sale affords Urban-owned giang to any individual or entity by way of a aggressive bid march. The printed is meant for the expansion of odd, market-rate initiatives that don’t require Urban help. Upon reception of an mugwump assessment, the CIty locations an advert in a neighborhood anesthetic newspaper notifying the populace of the sale for a minimal bid enough to the area ’ mho appraised {respect}. Along with highest buy worth, proposals are evaluated primarily based on purchaser {qualifications} and the extent to which the animal prices request enhances the area .

  • Sealed Bid Gross sales

Dealer Gross sales
Third-party brokers are typically used to assist facilitate the sale of blue-ribbon Urban-owned properties. The dealer will commercialize a wealth upfront of a public user being positioned in a neighborhood anesthetic newspaper.

6411-13 S. Cicero Ave .
Urban-owned Surplus Buildings For Sale
Urban-owned properties improved with former police and hearth stations, faculties, and a wide range of particular function buildings can be found on the market to private-sector purchasers. The properties are vacant and in want of rehabilitation, and could also be historic. Surplus buildings are sometimes bought by way of the Market Price Sale course of .
accessible Properties

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