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The Washington at Woodlawn Park

6154 South Rhodes Avenue
Chicago, IL
Deal Type: 
Acquisition/Rehab
Last Renovation: 
2018
Number of Units: 
196
Tenancy: 
Family

The Washington at Woodlawn Park comprises sixteen vintage apartment buildings in the Woodlawn and Washington Park neighborhoods.  In the aftermath of the real estate crash, POAH worked with the City of Chicago and Mercy Portfolio Services to invest HUD Neighborhood Stabilization Funds in the acquisition and renovation of eleven walk-up buildings that were vacant and in disrepair.  The Community Investment Corporation provided construction and permanent financing and POAH worked with Elevate Energy to install solar thermal panels and other energy efficiency measures in the building.  POAH acquired another five troubled buildings throughout the neighborhood in the subsequent years, and  will refinance the 16-building portfolio in 2017 to streamline financing costs, secure long term project-based rental assistance, capitalize repairs, and invest further in the quality of life and curb appeal at the buildings.

The units at the Washington have either project-based rental assistance or serve renters up to 120% of AMI.

The Washington is another phase of POAH's revitalization of Woodlawn into a vibrant, healthy and attractive mixed-use/mixed-income urban community containing a variety of distinctive structures combining residential, commercial and recreational uses and driving the economic revitalization of Chicago's Woodlawn community just south of the University of Chicago.

The Washington properties:

  • 5615 South Prairie Avenue
  • 6156-58 South Vernon Avenue
  • 6200-04 South Vernon Avenue
  • 6211 South Vernon Avenue
  • 6154-6 South Rhodes Avenue
  • 6200-06 South Rhodes Avenue
  • 6152-58 South Eberhart Avenue
  • 6153-59 South Eberhart Avenue
  • 6201-03 South Eberhart Avenue
  • 6153-59 South Lawrence Avenue
  • 6157 South Evans Avenue
  • 6418 South Maryland Avenue
  • 6456 South Maryland Avenue
  • 6323 South Ingleside Avenue
  • 6428 South Ingleside Avenue
  • 6350-8 South Kimbark Avenue

To learn more about POAH's work in Chicago, view the brochure, visit the website or watch the video below.

Videos

Project Partners

  • City of Chicago
  • Community Investment Corporation
  • National Affordable Housing Trust (NAHT)
  • Mercy Portfolio Services/Neighborhood Stabilization Program
  • Elevate Energy
  • Citi Community Capital
  • Local Initiative Support Corporation (LISC)