7251 S South Shore Dr , Chicago, IL 60649
Waiting List Forecast: Likely Short or None
Verified for 2019 by Nathan Brunet| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 3 Beds | 1 - 2 Baths | 540 - 1,062 Sq Ft |
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.
Michigan Beach Apartments is a 22-story high-rise apartment community that may include views of Lake Michigan. Centrally located, the community is within walking distance of restaurants, shopping, cultural center, beaches, bike trails and more. Walking one block gets you to the South Shore Cultural Center and Golf Course. It's only 2 blocks from the neighborhood WiFi Caf, METRA Train Station, with CTA buses all around. The Jackson Park Yacht Club, a variety of restaurants, retail stores, recreation centers, beaches, a bike trail and lakefront all within walking distance. Cooking gas, heat and water included. Off-street paid parking available. For additional information, please visit http://www.michiganbeachapartments.com
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 Michigan Beach Apartments 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Erie/Studio (Studio/1) | 540ft2 | Call for Price† |
| Huron (1/1) | 600ft2 | Call for Price† |
| Ontario (2/2) | 900ft2 | Call for Price† |
| Superior (3/2) | 1062ft2 | Call for Price† |
| 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.
Does Michigan Beach Apartments have a waiting list?
Michigan Beach Apartments 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 Michigan Beach Apartments?
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 Michigan Beach Apartments?
Michigan Beach Apartments is managed by NHPMN Management headquartered in Greenville , South Carolina.
In addition to Michigan Beach Apartments, how many other affordable housing properties (and units) are there in Chicago?
In addition to Michigan Beach Apartments, 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.
2000 W. Diversey Ave., Chicago, Illinois 60647
4500 N Clarendon Ave, Chicago, Illinois 60640
Know your rights as a Section 8 tenant.
In many areas, private landlords with an available unit can refuse interested tenants who have a Section 8 voucher. Check your local laws.Libby Trahan says:
"I knew nothing about Section 8 or other affordable housing options, but Affordable Housing Online is very informative and I have learned about resources that I never knew were available."