Greenwood Park Apartments
1015 E. 47th Street, Apt 1B, Chicago, Illinois 60653
Greenwood Park Apartments is a 122-unit, 15-building apartment community located in the affluent and historic Kenwood neighborhood, just 3 blocks north of President Obama’s private residence. Originally built in 1974, Greenwood Park was purchased by POAH in the summer of 2016. Renovations to the building will begin in 2019 and include accessibility retrofits, roof, window and boiler replacement, new energy efficient lighting and appliances, and kitchen and bathrooms renovations. In partnership with Openlands, POAH will replace dozens of dead ash trees that lined the property’s walkways with new species of trees.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom One Bath (2/1) | - | Call for Price |
| Three Bedroom One Bath (3/1) | - | Call for Price |
Contact Greenwood Park Apartments
Greenwood Park Apartments is managed by Housing Authority of Cook County.
Greenwood Park Apartments Details
- 122 two and three bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- Section 8 Project-Based Rental Assistance
Property Amenities
- On-Site Maintenance
Unit Amenities
- Cable Ready
- Walk-in Closet(s)
- Oven and Range
- Individual heating and cooling systems
Low-Income Housing Tax Credit (LIHTC)
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Section 8 Project-Based Rental Assistance
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
Nearby Low Income Apartment Communities like Greenwood Park Apartments
Congressman George W. Collins
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