Mayor Proposes Selling Humboldt Park Lots For $1 For Affordable Homes

Rahm Wants To Sell Humboldt Park Lots To Developers For $1 Apiece
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HUMBOLDT PARK — Under a measure proposed to the City Council this week, six empty Humboldt Park lots would be sold to a developer for $1 apiece so affordable homes could be built on them.

According to a release from the Mayor's Press Office, the proposal would see the city-owned lots — collectively appraised at $316,000 — sold to L&MC Investments LLC, which would build homes on them to sell at $199,000 each.

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