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Evergreen Breaks Ground on Albany Park Affordable
Evergreen Real Estate Group has begun construction on Oso Apartments, a 48-unit affordable rental community in Albany Park. Evergreen and Chicago Housing Authority representatives joined 35th Ward Ald. Carlos Ramirez-Rosa, officials from the Illinois Housing Development Authority and other community stakeholders at a ceremonial groundbreaking recently.
“Oso will provide much-needed housing for residents who want to be part of this economically vibrant, transit-served neighborhood, without being burdened by the rapid rent increases that have created a need to preserve and create affordable housing in many Chicago communities,” said Evergreen’s David Block.
Located at the southwest corner of Montrose Avenue and Bernard Street, the new five-story building will offer 32 one-bedroom and 16 two-bedroom apartments. First move-ins are scheduled for late summer 2019.
Elsewhere on Chicago’s North Side, Evergreen is partnering with the CHA and Chicago Public Library on two co-located developments combining affordable housing with new public library branches.
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