Crain's Chicago Business ChicagoWorking-class communities see opportunity in alternative wealth-building models
April 14, 2025A group of South Shore residents hope that their plans to take shared ownership of a rundown building on 71st Street will serve as a blueprint for revitalizing the neighborhood’s commercial corridor.
The South Shore Community Development Corp. recently closed on the property, west of Jeffrey Boulevard, and expects to begin a nearly $3 million rehab. Once that’s complete, community members will have the opportunity to invest in and take control of the building and also make additional investments in the neighborhood.