Oso Apartments

3435 W Montrose Ave, Chicago, IL 60618

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Lorena Bentley, Joshua Cappell
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath -
check_circle  Persons With Disabilities
check_circle  Project-Based Rental Assistance
check_circle  Supportive Housing

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.

Oso Apartments
Managed by Evergreen Real Estate

is located in the Albany Park neighborhood on the Northwest Side of the City of Chicago with the North Branch of the Chicago River forming its east and north boundaries. One of the City's most ethnically diverse neighborhoods, it boasts an unmatched array of multicultural restaurants and vibrant local culture that's entirely its own.

All units are income restricted.

Dave's Thoughts On Oso Apartments

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 Oso 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Oso Apartments Amenities

  • Elevator
  • Community Room
  • Close to Public Transportation
  • On-Site Laundry

Units at Oso Apartments

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

Income Qualification for Oso Apartments

*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
30% AMI for PBRA Units $23,200 / year $26,500 / year $29,800 / year $33,100 / year
50% AMI for LIHTC Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year
50% AMI for PBRA Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year
60% AMI for LIHTC Units $46,380 / year $52,980 / year $59,580 / year $66,180 / year
80% AMI for PBRA Units $61,800 / year $70,600 / year $79,450 / year $88,250 / year

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

FAQs for Oso Apartments

Does Oso Apartments have a waiting list?

Oso 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 Oso 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 Oso Apartments?

Oso Apartments is managed by Evergreen Real Estate Group headquartered in Chicago, IL.

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

In addition to Oso 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.

When was the Oso Apartments listing last updated?

Oso Apartments listing on Affordable Housing Online was last updated on 01/01/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Oso Apartments

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

Riverside Village

13215 S Indiana Ave, Chicago, Illinois 60827

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

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