800 South 5th Avenue, Maywood, IL 60153
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $422 - 969 per Month† | Studio - 3 Beds | 1 Bath | 357 - 1,096 Sq Ft |
This project has been funded and will begin construction soon.
seeking more funds. Planned on completion Dec. 31, 2020
Fifth Avenue Apartments is 72 affordable rental housing units for individuals and families in this near western suburb of Chicago. The development is situated on 5th Avenue, a pedestrian-oriented commercial corridor in the Village of Maywood, allowing tenants easy access to transit, education, and retail. The development targets individuals and families who are income eligible and appropriate for independent living. All units are affordable to households making at or below 60% of the area median income. Units range from studios through three-bedrooms.
This newly constructed 5-story 76,950 square foot structure contains common area space for residents, including offices, a tenant meeting room, laundry facilities, and extra storage. The development consists of precast floor planks which eliminate noise transfer between floors. The units contain features that Interfaith strives to provide in all developments: abundant natural light, quality finishes including durable cabinets, hard surfaces, walk-in closets with hinged doors, and microwaves in every kitchen. The project meets the National Green Building Standards Certification and surpasses requirements for universal design for accessibility.
Because Fifth Avenue Apartments participates in HUD's HOME program for rental housing, at least some of the units in this property are set aside for households at or below 60% of the AMI and rents are capped at the local FMR and in many cases much lower. For a 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 program. Since this property participates in the HOME program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 357ft2 | $422 $664† |
| One Bedroom One Bath (1/1) | 536ft2 | $706† |
| Two Bedroom One Bath (2/1) | 810ft2 | $969† |
| Three Bedroom One Bath (3/1) | 1096ft2 | Call for Price† |
Does Fifth Avenue Apartments have a waiting list?
Fifth Avenue 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 Fifth Avenue 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 Fifth Avenue Apartments?
Fifth Avenue Apartments is managed by Interfaith Housing Development Corporation headquartered in Chicago , Illinois .
In addition to Fifth Avenue Apartments, how many other affordable housing properties (and units) are there in Maywood?
In addition to Fifth Avenue Apartments, we list 6 other affordable properties in Maywood. Learn about these properties here. Our data research shows that there are a total of 402 affordable units in Maywood.
When was the Fifth Avenue Apartments listing last updated?
Fifth Avenue Apartments listing on Affordable Housing Online was last updated on 03/06/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Applying for housing with bad credit.
Some housing assistance programs require a credit check, including Low-Income Housing Tax Credit apartments. Having bad credit may make you ineligible.Patti Lynn Druin says:
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