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Parkway Gardens housing complex put up for sale


Sun-Times file
Parkway Gardens, one of the biggest and most notorious affordable housing complexes in Chicago, is up for sale.
Related Midwest, the real estate and development firm that owns the sprawling property in Woodlawn, is seeking a buyer for 694 apartments spread among nearly three dozen buildings. The 13-acre campus stretches from 63rd to 65th streets between Dr. Martin Luther King Jr. Drive and Calumet Avenue.
The most prominent marketing feature for prospective buyers is a contract with federal housing authorities that ensures subsidized rent for years to come.
What’s not mentioned: the gun violence that’s troubled Parkway Gardens and the surrounding area for years. A portion of King Drive along Parkway Gardens known as “O Block” a reference to a gang member who was killed nearby was once the most dangerous block in the city. ....

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