ALBANY PARK — Developers are looking at turning the empty lot across the street from the Albany Park (17th) police district into 100 percent affordable senior housing.
The parking lot at 4625-55 N. Pulaski Road is currently used by people visiting the police station across the street. East Lake Management is looking to turn the property into 88 apartments for seniors 55 years and older.
Plans for the project were briefly presented at an economic development meeting hosted by the Albany Park Chamber of Commerce and North River Commission on Oct. 1.
The proposed development would have 72 one-bedroom apartments and 16 two-bedroom apartments. Rents at the building could be between 50 and 60 percent of the average median income of the area.
East Lake has also built affordable housing at 1801 S. Wabash St., 5000 S. Indiana Ave., 4814-58 N. Kedzie Ave., 2425 W. Adams St., 4257 S. King Dr., 5041 S. Princeton Ave., 3440 W. Roosevelt Road, 1401 W. Roosevelt Road, 6956 S. Vincennes Ave. and 8440 S. Parnell Ave, according to the city’s website.
A representative from East Lake Management overseeing the project was not immediately available for comment.
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