Oakwood Shores

3859 S Vincennes Ave, Chicago, IL 60653

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey
Rent Beds Baths SqFt
Call for Rents 1 - 3 Beds 1 - 2 Baths 715 - 1,502 Sq Ft

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.

Oakwood Shores is 277 one, two, three, and four bedroom units located in Grand Boulevard and Oakland.

Oakwood Shores is approximately 94 acres located in Chicago's Grand Boulevard and Oakland communities, four miles south of the Loop and one third mile west of Lake Michigan. It is generally bound by 35th Street to the north, Lake Park Avenue to the east, Pershing Road to the south and Martin Luther King Jr. Drive to the west. 

The site originally included more than 3,500 public housing units comprising the developments formerly known as Ida B. Wells, Madden Park, and Clarence Darrow Homes.   

Construction of Oakwood Shores began in 2003 and will be completed over several phases.  Three phases have been completed totaling 524 units of which 277 are CHA, 165 are affordable, and 145 are market rate.  Upon completion Oakwood Shores will consist of 3,000 units of new rental and for-sale housing. 

Dave's Thoughts On Oakwood Shores

Because Oakwood Shores 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

Oakwood Shores Amenities

  • Elevator
  • Fitness Center
  • Playground
  • On-Site Manager
  • Close to Public Transportation
  • Off-Street Parking
  • Ceiling Fan(s)
  • Handicapped Accessible
  • Dishwasher
  • Microwave
  • Cable Ready
  • 9 ft. Ceilings
  • Window Coverings
  • Carpet
  • Refrigerator
  • Breakfast Bar
  • Balconies or Patios Available
  • Landscaping
  • On-Site Maintenance
  • Central Heat & Air
  • Stove
  • Washer and Dryer Included
  • Courtesy Patrol

Units at Oakwood Shores

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 715ft2 Call for Price
Two Bedroom Two Bath (2/2) 1015ft2 Call for Price
Two Bedroom (2/1) 874ft2 Call for Price
Three Bedroom (3/2) 1502ft2 Call for Price

Income Qualification for Oakwood Shores

*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 Oakwood Shores

Does Oakwood Shores have a waiting list?

Oakwood Shores 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 Oakwood Shores?

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 Oakwood Shores?

Oakwood Shores is managed by The Community Builders, Inc. headquartered in Boston

In addition to Oakwood Shores, how many other affordable housing properties (and units) are there in Chicago?

In addition to Oakwood Shores, we list 763 other affordable properties in Chicago. Learn about these properties here. Our data research shows that there are a total of 83842 affordable units in Chicago.

When was the Oakwood Shores listing last updated?

Oakwood Shores 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.

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Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.