Category: Real Estate

More Than 1K Properties In Proviso On County’s Delinquent Property List

Sunday, March 11, 2018 || By Michael Romain || @maywoodnews 

The Cook County treasurer’s office recently released a list of properties with delinquent property taxes. Interested investors will have an opportunity to buy those unpaid taxes from property owners at an auction in May.

Continue reading “More Than 1K Properties In Proviso On County’s Delinquent Property List”

Developer Eyes Vacant Lots In Maywood, Bellwood To Build Housing For Disabled

Thursday, February 22, 2018 || By Michael Romain || @maywoodnews 

Featured image: A street view perspective of a proposed multiunit housing development that IFF wants to build in Maywood and surrounding suburbs. | IFF 

A real estate developer is interested in buying up abandoned and foreclosed buildings, and vacant lots, in Maywood, Bellwood, Berwyn and Forest Park in order to build 16 multiunit rental housing developments tailored for disabled tenants.

Continue reading “Developer Eyes Vacant Lots In Maywood, Bellwood To Build Housing For Disabled”

Triton College Purchases Former Driving Range Property In Melrose Park

Sunday, December 31, 2017 || By Michael Romain || @maywoodnews 

Featured: The entrance to the former Golfland driving range, which was recently purchased by Triton for $3.6 million. | Flickr/Katherine of Chicago 

A former golf practice range in Melrose Park is now part of Triton College after the college’s Board of Trustees unanimously agreed to purchase the land in November for $3.6 million.

Continue reading “Triton College Purchases Former Driving Range Property In Melrose Park”

Maywood, Renewing Interest in Acquiring Property, Looks at Bushwood

Wednesday, October 25, 2017 || By Michael Romain || @maywoodnews 

Featured image: The Bushwood Golf Practice Center and Driving Range. | 

The village of Maywood recently hit the refresh button on attempts to acquire an abandoned Roosevelt Road auto dealership and the former Bushwood Golf Practice Center and Driving Range on Madison St. for redevelopment purposes.

Continue reading “Maywood, Renewing Interest in Acquiring Property, Looks at Bushwood”

Funeral Home Owner Offers to ‘Donate’ Vacant Property to Village, Which Declines

Friday, September 8, 2017 || By Michael Romain || @maywoodnews  

Featured image: Corbin Colonial Funeral Chapel in Maywood, which has been closed for roughly a decade.

During a Sept. 5 regular board meeting, Maywood Mayor Edwenna Perkins said that she recently got a call from the owner of the abandoned Corbin Colonial Funeral Chapel, located at 1001 Madison St. in Maywood. He had an offer.

Continue reading “Funeral Home Owner Offers to ‘Donate’ Vacant Property to Village, Which Declines”

Village Officials Say They’re Moving Fast to Tear Down Hazardous Properties

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An abandoned auto repair shop on the 1100 block of South 17th Ave., which is slated for fast-track demolition. | Village of Maywood

Wednesday, July 12, 2017 || By Michael Romain || @maywoodnews 

During a July 12 Legal, License and Ordinance Committee meeting, Maywood village officials said that they’re getting closer to executing a measure unanimously approved by the Board of Trustees in March to put 12 hazardous properties in the village through the fast-track demolition process.

Fast-track demolition allows municipalities to bypass the courts and demolish properties, no higher than three stories that are “open and vacant and determined by the Village to be continuing hazard to the community,” according to a March memo drafted by the village’s contracted law firm, Klein, Thorpe & Jenkins.

Village officials provided an update on the demolition process after at least two residents complained about an abandoned auto repair shop located on the 1100 block of South 17th Ave. that was among the 12 properties slated for demolition.

Maywood Village Manager Willie Norfleet Jr. said that the former auto repair shop was the “location we caught [and arrested] our first official fly-dumper.” Norfleet said the person was throwing material inside of the boarded-up building. The suspect’s truck was also confiscated.

“Hopefully, [that building on 17th Ave.] comes down very shortly,” Norfleet said, adding that he hopes within the next 30 to 90 days.

Maywood Assistant Village Manager David Myers said that the village’s attorneys have begun the process of verifying the owners of the 12 properties and are working on sending out letters to those owners, which is required as part of the process.

“The process is still moving,” Myers said. “We have signs ordered. We just need the green light to start the demolition process.”

Attorney Michael Jurusik said that a program administered through the Cook County Sheriff’s office will actually carry out the demolitions, saving the village money. But the speediness in which the process is carried out could also depend on how long it takes the county to act, he said.

“We’re moving as fast as possible,” he said. “We’re doing the minimum due diligence necessary to make sure the property owners have minimal notice of what to do with the properties. Our ducks are all lined up in a row. We’ve approved everything we need to approve on our end.”

Other properties scheduled for fast-track demolition:

  • 1825 S. 22nd Ave. 
  • 1821 S. 21st Ave. 
  • 1420 S. 21st Ave.
  • 1304 S. 21st Ave. 
  • 1248 S. 21st Ave.
  • 419 S. 21st Ave. 
  • 1817 S. 20th Ave. 
  • 440 S. 14th Ave.
  • 1205 S. 16th Ave. 
  • 1242 S. 16th Ave.
  • 2108 S. 8th Ave. 

F E A T U R E D  E V E N TBusiness reception Detailed Flyer_July


Developer Proposes to Build 68-unit Mixed-use Affordable Housing Complex on 5th Ave. in Maywood

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An architectural rendering of a proposed 68-unit apartment building, which ground-floor commercial space, that is being proposed for 800-820 S. 5th Ave. in Maywood. |

Screen Shot 2017-07-05 at 8.39.38 PMWednesday, July 5, 2017 || By Michael Romain || @maywoodnews

The nonprofit Interfaith Housing Development Corporation (IHDC) has proposed to construct a 68-unit apartment building that will include 4,500 square feet of ground-level commercial retail space on the site of a vacant lot at 800-820 S. 5th Ave. in Maywood, which is currently owned by the village.

According to an organization overview, IHDC’s mission is to “promote and develop long term affordable housing for low-income, underserved populations in collaboration with local communities.”

Over the 25 years that its been in existence, the nonprofit has created 16 housing developments that range from 15- to 135-unit projects, six of which involved renovating an existing structure and 10 of which were newly constructed developments. The budgets for those projects have ranged from $1.5 million to $22.4 million while the rental units have ranged “from efficiencies to large four-bedrooms.”

One of Interfaith’s more recent developments is Grove Apartments, a 51-unit affordable housing complex at the corner of Grove Ave. and Madison St. in Oak Park. Sugar Beet Food Co-op, a high-end grocery store and cafe, leases the first floor level.

The larger IHDC nonprofit created Interfaith Management Services in 2012 to “manage the portfolio of projects for which IHDC has an ownership interest,” according to the organization overview. The IMS manages 10 of the properties for which IHDC holds an ownership stake.

According to IHDC officials, the proposed development in Maywood will generate sales and property tax revenue since it will be held by a for-profit partnership. The new rental units will be available to single individuals and families. The building will be “very ‘green’,” and will include a solar hot water system.

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The vacant lot at 800-820 S. 5th Ave. in Maywood where Interfaith Housing Development Corporation is looking to build affordable housing. | Google Earth

IHDC officials said they’re willing to pay Maywood the full amount the land was appraised at. According to village documents, the land once was up for sale for $330,000, but it’s not known whether that price has changed or if it differs from the appraised value. Village officials were not available to comment on late Wednesday afternoon.

IHDC officials said that the project could amount to a more than $20 million investment in Maywood that “will bring jobs, housing and retail to downtown Maywood” and foot traffic to 5th Avenue, among other benefits. Officials also said that the development could bring in an estimated annual property tax revenue of around $60,000 to $70,000.

IHDC officials, who could not be reached for comment on Wednesday evening, presented their proposal at a June 14 Legal, License and Ordinance Committee (LLOC) meeting.

In an interview on Wednesday afternoon, Maywood Mayor Edwenna Perkins said that representatives of the nonprofit will be back to present more information to the Board of Trustees at a later date.

IHDC officials noted in their summary that if the village agrees on a purchase price sometime this summer, the project could be on its way to completion by fall 2019. VFP

The drawing of a proposed 68-unit apartment complex with parking lots at 800-820 S. 5th Ave.

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