Parkway Apartments

712 W Diversey Pkwy, Chicago, Illinois 60614

Contact Parkway Apartments

Providing scarce affordable housing in Chicago’s premier Lakeview neighborhood, Parkway Apartments’ bright and spacious apartments are a neighborhood resource. Residents, many with apartments offering expansive city views, enjoy onsite laundry facilities and have the best of Chicago outside their door as well as Lake Michigan’s parks and beaches within a few blocks. Residents also have the opportunity to participate in a resident council. Parkway Apartments has excellent public transit connections, including local and express buses within a quarter mile and is less than a 10 minute walk to the elevated train.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price
One Bedroom (1/1)	-	Call for Price

Eligibility for Parkway Apartments

Parkway Apartments Details

89 studio and one bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Rental Assistance (PBRA)
Section 811 PRA
Section 221 (d) (3)

Property Amenities

Laundry Facilities

Unit Amenities

Scenic View
Refrigerator
Stove

Nearby Amenities

Close to Public Transportation

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.

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Section 811 PRA

Some of the units at this property have received funding through HUD's Section 811 Project Rental Assistance (PRA) Program. For these PRA funded units, tenants must be extremely low-income (at or below 30% of Area Median Income) and at least one adult member of the household must have a disability. The person with the disability must be eligible for community-based, long-term services as provided under the state’s plan for medical assistance under Title XIX of the Social Security Act (Medicaid), state funded services or other appropriate services defined in the written partnership agreement.