Mixed-income apartments take shape on Near North Side
Evergreen Real Estate Group and Structured Development are making notable progress on a collection of three 4-story residential buildings along the 700 block of West Schiller Place on the city's Near North Side, and the development is on track to open in early 2022.
These "Schiller Place Apartments" will consist of 48 mixed-income rental units: three buildings will each contain 18 apartments and provide surface parking for 18 cars. The location was formerly home to the Isham YMCA, just south of the Mariano's in the NewCity development.
Just eight of Schiller Place's units will be offered at market-rate rents. The other 40 units will be set aside as affordable housing for households earning between 30 and 60 percent of the Area Median Income (AMI). The development also secured project-based vouchers for 24 units through the Chicago Housing Authority (CHA).
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