5150 Northwest Highway

5150 N. Northwest Hwy., Chicago, IL 60630

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey, Lorena Bentley

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 3 Beds	1 - 2 Baths	426 - 872 Sq Ft

This property is currently under construction.

Under construction

75-unit mixed-use, mixed-income development serving veterans, persons with disabilities and working families in Jefferson Park. This LEED-Silver certified building will offer a host of on-site amenities for their residents within walking distance to the largest transit hub on the Northwest side of Chicago.

Dave's Thoughts On 5150 Northwest Highway

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests 5150 Northwest Highway does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

5150 Northwest Highway Amenities

Community Room
Business Center
On-Site Manager
On-Site Parking
Bicycle Storage
Community Media Center
Secured Entry
Washer and Dryer Included
Private Patios
Game Room
Package Lockers

Units at 5150 Northwest Highway

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	426ft²	Call for Price^†
One Bedroom (1/1)	509ft²	Call for Price^†
Two Bedroom (2/1)	665ft²	Call for Price^†
Three Bedroom (3/2)	872ft²	Call for Price^†

Income Qualification for 5150 Northwest Highway

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
50% AMI for LIHTC Units	$38,650 / year	$44,150 / year	$49,650 / year	$55,150 / year	$59,600 / year	$64,000 / year
50% AMI for PBRA Units	$38,650 / year	$44,150 / year	$49,650 / year	$55,150 / year	$59,600 / year	$64,000 / year
60% AMI for LIHTC Units	$46,380 / year	$52,980 / year	$59,580 / year	$66,180 / year	$71,520 / year	$76,800 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for 5150 Northwest Highway

Does 5150 Northwest Highway have a waiting list?

5150 Northwest Highway probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at 5150 Northwest Highway?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges 5150 Northwest Highway?

5150 Northwest Highway is managed by Full Circle Communities Inc. headquartered in Chicago, Illinois.

In addition to 5150 Northwest Highway, how many other affordable housing properties (and units) are there in Chicago?

In addition to 5150 Northwest Highway, we list 826 other affordable properties in Chicago. Learn about these properties here. Our data research shows that there are a total of 83861 affordable units in Chicago.

When was the 5150 Northwest Highway listing last updated?

5150 Northwest Highway listing on Affordable Housing Online was last updated on 03/08/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.