Archive for February, 2012

Chicago Real Estate For Sale: 5300 N Ravenswood Ave #1W

February 20, 2012

Chicago Real Estate For Sale: 

5300 N Ravenswood Ave #1W, Chicago IL 60640
MLS# 07998871

Awesome Andersonville Duplex!

Awesome Andersonville duplex up in quiet, gated, landscaped garden! Unique three bedroom home that lives like a townhouse with a private entrance into the voluminous great room with 18’ ceiling, hardwood floors, and slate gas fireplace. The kitchen features an island breakfast bar, granite countertops, maple 42” cabinets and stainless steel appliances. Two fully enclosed bedrooms plus a full bath complete the first floor. The upper level features an open loft perfect for an office, playroom or exercise space. The master suite has three full closets, and the large, sunlit master bath features a whirlpool tub, separate shower and double sink vanity. Side by side laundry, private patio, separate storage room and assigned parking complete the package. Walk to transportation, and all Andersonville restaurants & shopping. Truly original, truly wonderful!


Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue  
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

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Illinois Building Blocks Pilot Program Initiated

February 10, 2012

The Illinois Building Blocks Pilot Program is a new pilot program in six Cook County communities to help return vacant and foreclosed properties to productive use, provide affordable home ownership opportunities to working families, and help existing homeowners access foreclosure prevention resources.  The program is a coordinated effort to help stabilize neighborhoods, protect property values and maintain the existing local tax base in Berwyn, Maywood, Park Forest, Riverdale, Chicago Heights and South Holland.

Key Components

Building Blocks addresses the foreclosure crisis in the pilot areas in three ways

1. Financing to rehabilitate vacant properties. A new revolving loan fund, with $40 million in Illinois Jobs Now! capital funds and $10 million from Cook County, will facilitate the acquisition and rehabilitation of vacant properties within the targeted areas.

2. Assistance for homebuyers. Significant financial assistance will be made available for purchasing vacant properties as a primary residence in the targeted areas. To qualify, the vacant property does not need to be one of those rehabbed in the program. The State of Illinois will provide: 

  • Grants of $10,000 for down payment and closing cost assistance for up to 500 homebuyers purchasing vacant properties
  • Affordable first position mortgages to qualified buyers to make the cost of purchasing vacant homes in the communities as affordable as possible
  •  A lowered FICO score threshold that will allow a greater number of potential homebuyers to qualify

3. Support for existing homeowners. Foreclosure counseling, loan modification programs and other resources targeted throughout the pilot communities to current homeowners to help families avoid foreclosure and keep their homes. Targeted outreach and events will connect these communities to: