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Cook County Land Bank Offers Lots at Below-Market Rates

The Cook County Land Bank Authority has released nearly 3,200 vacant, tax-delinquent lots at below-market rates that are available for acquisition by community-based partners looking to help transform communities throughout Chicago and suburban Cook. Many of the lots are in areas that were hard-hit during the 2008 foreclosure crisis, mainly on the South and West sides of Chicago.

“Putting these lots back to a useful purpose complements our work to place vacant, tax-delinquent homes back onto the tax rolls, expand homeownership, help community-based developers grow their business, and keep revenue in the community,” said CCLBA executive director Rob Rose.

The nearly 3,200 new lots will be sold based on neighborhood impact, project feasibility and financial capacity of the buyer. CCLBA acquired them as part of the 2017 bi-annual Cook County Tax Scavenger sale.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Sale/Acquisition
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