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Parkway Gardens

ADDRESS

6330-6546 Martin Luther King Drive
Chicago, IL  60637

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PROPERTY CONTACT

Jacques Sandberg
Vice President, Related Midwest

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​​​​​​​​​​​​​​​​​​​Parkway Gardens was built in the mid 1950s as co-ops and later converted to rentals in the mid 1970s under the Housing and Urban Development Section 236 Interest Reduction Program. In 1988, it was purchased by private investors. In 2011, Related acquired the property guaranteeing it would remain affordable for another 30 years.

Safety, livability and affordability were the driving principles behind the extensive renovations at Parkway Gardens. Related invested $42 million to provide residents ​with a new sense of pride in their living environments with upgrades that included new kitchens and baths, as well as new appliances. Improvements were also made to plumbing, flooring, lighting elevators and heating systems. Brand-new amenity spaces were created to foster an atmosphere of community and included two playgrounds, a laundry area, a computer lab and a number of community green spaces throughout the property. Related also installed a state-of-the-art entry access and security system. ​To complement the renovations made at Parkway Gardens, Related also installed a new field for the John Foster Dulles Elementary School. The new 8,410 square foot turf field replaced an asphalt lot and gives the students - 90 percent of whom live at Parkway Gardens - an opportunity to have recess and sporting events outside for the first time in the school's history. In addition, Related started a yearly scholarship program for residents of Parkway Gardens working toward college or advanced degrees.


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PROPERTY TYPE

Affordable

COMPLETION DATE

2013

ARCHITECT

​LR Contracting 

UNIT TYPES

​Mid-rise buildings consisting of one, two and three bedroom residences. 

AMENITIES

​Residents of Parkway Gardens have access to a community room with after-school programming and multiple playgrounds for children. ​

NUMBER OF UNITS

698

MARKET STATUS

Completed