What is INVEST South/West?
INVEST South/West is an incredible initiative by the city of Chicago to funnel more than $750 million in public funding into 10 communities located across Chicago’s south and west side. Created in October 2019, INVEST South/West is a three-year program specifically geared towards enriching 12 commercial corridors within these communities. According to the City of Chicago, these commercial corridors were selected as they represent “the front doors to the neighborhood,” and re-activating these stretches will in turn benefit the neighborhoods.
The communities include: Auburn Gresham, Austin, Bronzeville, Greater Englewood, New City, North Lawndale, Humboldt Park, Greater Roseland, South Chicago, and South Shore.
Brian Mond, Director at Essex Realty Group, Inc., specializes in selling multifamily properties located throughout Chicago’s south side. He is currently marketing two multifamily properties located in neighborhoods highlighted within the INVEST South/West initiative: 1502 E. 74th Street and 7704 S. Emerald Avenue Both properties are near South Shore’s 79th Street Corridor, which is one of the designated areas within the program. The 79th Street corridor stretches west through Chicago’s Auburn Gresham neighborhood.
Asked about the impact of this program, Mond says, “It is an exciting time for residents on Chicago’s south side! The City’s Planning Department has put forward proposals located in neighborhoods on the south side including INVEST South/West and the newly approved Obama Presidential Center. We are witnessing hyper-focused reinvestment in these neighborhoods, which will support local businesses and the residents that live in these neighborhoods.”
For more information on INVEST South/West click HERE
Since 1990, Essex Realty Group, Inc. has served Chicago’s investment real estate market as a top multifamily real estate brokerage firm. Contact us to learn more about our recent Chicagoland multifamily and mixed-use property sales and talk to a Chicago multifamily broker today.