New All-Affordable Building, The Seng, Welcomes Resident Move-Ins
Chicago-based Structured Development is celebrating that its new all-affordable condominium building, The Seng, is more than halfway sold out, with 20 of its 34 below-market-rate homes closed or under contract. Resident move-ins are now underway.
Designed by Chicago-based GREC Architects, the five-story development at 869 W. Blackhawk Street is the first all-affordable condo building of its kind in Chicago. It is one of three new residential communities in Structured Development’s Wendelin Park master plan, which includes a mix of affordable for-sale, co-living and market-rate rental housing.
The Seng offers two-, three- and four-bedroom units for income-qualified households earning up to 120% of the Area Median Income (AMI). Buyers also must be preapproved for a traditional, FHA or VA loan and be certified through a homeownership program administered by the Chicago Housing Trust. The Seng gets its name from Wendelin Seng, a German immigrant who founded a namesake furniture manufacturing company on the site in 1874.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.