Lake Park Crescent

1061 E 41st Pl, Chicago, IL 60653

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
Call for Rents 1 - 3 Beds 1 Bath -

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

The Lake Park Crescent community offers an elevated lifestyle for today's professional, growing families and young at heart.

Come home to the lakefront and come home to trend-setting elegance. Lake Park Crescent is the new Chicago community featuring a wide array of one (1), two (2) and three (3) bedroom residences just steps from Lake Michigan.

Awake to a beautiful sunrise on the lakefront. Explore the timeless charm of your historic neighborhood. Quickly access Chicago's museums, theaters, neighborhood festivals, world-class shopping and restaurants.

The Lake Park Crescent community offers an elevated lifestyle for today's professional, growing families and young at heart.

Dave's Thoughts On Lake Park Crescent

Because Lake Park Crescent participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Lake Park Crescent Amenities

  • Close to Shopping
  • Near Movie Theatre
  • Near Restaurants

Units at Lake Park Crescent

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price
3 Bedroom (3/1) - Call for Price

Income Qualification for Lake Park Crescent

*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
30% AMI for PBRA Units $23,200 / year $26,500 / year $29,800 / year $33,100 / year $35,750 / year $40,280 / year
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
80% AMI for PBRA Units $61,800 / year $70,600 / year $79,450 / year $88,250 / year $95,350 / year $102,400 / year

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

FAQs for Lake Park Crescent

Does Lake Park Crescent have a waiting list?

Lake Park Crescent 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 Lake Park Crescent?

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.

In addition to Lake Park Crescent, how many other affordable housing properties (and units) are there in Chicago?

In addition to Lake Park Crescent, 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.

Listings Near Lake Park Crescent

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

Margot And Harold Schiff Residences

1244 N Clybourn Ave, Chicago, Illinois 60610

bed 1
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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