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Preservation Of Affordable Housing To Redevelop Apartments Near Obama Presidential Center Site

September 12, 2017

Chuck Sudo

BISNOW Chicago

The Preservation of Affordable Housing is adding to its Woodlawn portfolio. The firm acquired two apartment buildings near the site of the Obama Presidential Center for $1.5M and plans to renovate the buildings for low- to moderate-income housing for seniors. POAH is buying the five-story Johnson at 6230 South Dorchester and the six-story Butler Lindon at 6146 South Kenwood from Woodlawn East Community and Neighbors (WECAN), a community development group. The two properties total 105 units, a mix of studios, one-bedrooms and three-bedrooms. Both buildings are minutes from the Obama Presidential Center site in Jackson Park. 
 

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