Parkside Terrace

128 N Parkside Ave, Chicago, Illinois 60644

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Parkside Terrace is managed by Mercy Housing.

Parkside Terrace offers apartments for low-income families and individuals. The property features Resident Services for families including after-school programs, employment training and parental education. Parkside Terrace is conveniently located near public transportation with a variety of neighborhood services and amenities.

Unit (Bd/Ba) Ft2 Rent
studio (Studio/1) - Call for Price
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price
3 Bedroom (3/1) - Call for Price

Eligibility for Parkside Terrace

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Chicago but actual income limits may differ for units at Parkside Terrace.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
Very Low Income (50%) $38,650 $44,150 $49,650 $55,150 $59,600 $64,000
Low Income (60%) $46,380 $52,980 $59,580 $66,180 $71,520 $76,800

Parkside Terrace Details

  • 62 studio, one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Computer Lab
  • Community Room
  • Laundry Facilities
  • On-Site Laundry
Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

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