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
check_circle  Affordable

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, Founder AHO

~ 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 768 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.

Listings Near 5150 Northwest Highway

Lathrop Homes

2000 W. Diversey Ave., Chicago, Illinois 60647

bed Studio-2
payment $1084-1498/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Edith Spurlock Sampson Apartments

2640 and 2720 N Sheffield Ave, Chicago, Illinois 60614

bed Studio-1

Northpoint Apartments

7717 North Paulina, Chicago, Illinois 60626

bed 1-4
payment Subsidized
accessibility Accessible

Clarendon Courts Apartments

4500 N Clarendon Ave, Chicago, Illinois 60640

bed Studio-1
switch_access_shortcut Short Wait
payment Subsidized

El Zocalo

4651 South Spaulding Avenue, Chicago, Illinois 60632

bed 1-3

Continental Plaza Apartments

1330 W 78th St, Chicago, Illinois 60620

bed 1-3
payment Subsidized
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.