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Cook County Land Bank Expands Vacancy Program, Offers 4,400 Lots for Sale

The vacant lot program at the Cook County Land Bank Authority recently kicked into high gear—offering a huge number of vacant lots for sale, located around 27 neighborhoods and suburbs in the Chicago region.
February 20, 2017, 5am PST | James Brasuell | @CasualBrasuell
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[Headline corrected 2/21/2017]  "More than 4,400 vacant lots in Chicago and the suburbs are going up for sale in an effort to attract development to areas that need it," reports Dennis Rodkin.

The big sale expands traditional practices at the land bank. According to Rodkin, "[u]ntil now, the land bank had been selling only vacant homes, to rehabbers or families who fix them up for their own use."

Most of the lots are located in residential areas, with prices ranging from $3,000 to $5,000. "Every lot is within half-mile of a CTA or Metra rail stop or a stop on a major bus line, making them appealing for redevelopment," adds Rodkin.

Additional coverage of the sale is available from Curbed Chicago and the Chicago Sun Times.

Full Story:
Published on Monday, January 30, 2017 in Crain's Chicago Business
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