These two Kingston Avenue properties are multi-family communities, totaling 55 units with desirable amenities, and are located in Chicago, IL. The community operates under the Section 42 Tax Credit Program within the “Affordable Housing” sector, serving residents who earn 80% of AMI or below (Area Median Income). The communities offer a unit mix of (12) 1-bedroom, (35) 2-bedrooms, and (8) 3-bedroom apartments.
South Shore is one of 77 defined community areas of Chicago, Illinois, United States. Located on the city’s South Side, the area is named for its location along the city’s southern lakefront. Although South Shore has seen a greater than 40% decrease in residents since Chicago’s population peaked in the 1950s, the area remains one of the most densely populated neighborhoods on the South Side. The community benefits from its location along the waterfront, its accessibility to Lake Shore Drive, and its proximity to major institutions and attractions such as the University of Chicago, the Museum of Science and Industry, and Jackson Park.
About The LIHTC Group: The LIHTC Group is a national brokerage and consulting firm that works exclusively with multi-family assets in both the Affordable Housing and Market Rate sector. With offices in Illinois, Florida, and California, The LIHTC Group has far-reaching relationships with both local and national groups. These relationships include pension funds, private family offices, national REITS, and nonprofits, as well as small private investors and syndicators of both Affordable and Market Rate assets. The LIHTC Group uses a proven systematic approach to reaching out to the marketplace in order to maximize value on behalf of their clients — both buyers and sellers.