Move-ins underway at The Seng, the city’s first all-affordable for-sale condo project of its size  

Chicago-based Structured Development today announced The Seng, its new all-affordable condominium building on Chicago’s Near North Side, is more than halfway sold out, with 20 of its 34 below-market-rate homes closed or under contract. Resident move-ins are now underway.

Designed by Chicago-based GREC Architects, the five-story development at 869 W. Blackhawk St. is the first all-affordable condo building of its kind in Chicago. It is one of three new residential communities in Structured Development’s Wendelin Park master plan, which includes a mix of affordable for-sale, co-living and market-rate rental housing oriented around a new publicly accessible park.

The Seng offers two-, three- and four-bedroom units for income-qualified households earning up to 120% of the Area Median Income (AMI). Buyers also must be preapproved for a traditional, FHA or VA loan and be certified through a homeownership program administered by the Chicago Housing Trust. Two-bedroom floor plans range from 824-868 square feet and are priced from $285,134; three-bedroom residences range from 988-1,186 square feet and are priced from $333,734; and four-bedroom homes range from 1,153-1,378 square feet and are priced from $374,696. The Chicago Housing Trust began accepting applications for The Seng earlier this year.

“Having over half of The Seng units under contract illustrates the demand for entry-level homeownership in gentrified neighborhoods like Lincoln Park,” said Mike Drew, co-founding principal of Structured Development. “We are proud to be a part of the buyer’s homeownership journey, particularly at a time when working Chicagoans are faced with rising expenses and a shrinking supply of attainable for-sale housing options. We look forward to welcoming additional residents to The Seng and helping them in their very first opportunity to build wealth through homeownership.”

Residences at The Seng showcase large windows that fill the homes with natural light, 9-foot ceilings and modern finishes. Kitchens feature GE stainless steel appliances, Kohler chrome faucets, quartzite countertops and two-tone cabinetry. Condos also include in-unit laundry, and each comes with a deeded garage parking space. Accessible residences are included in the development’s unsold inventory.

Shared amenities include a communal rooftop terrace with sweeping views of the city; secure bike storage; and a fitness center equipped with treadmills, stationary bikes, elliptical equipment and weights.

The Seng gets its name from Wendelin Seng, a German immigrant who founded a namesake furniture manufacturing company on the site in 1874. The lobby of the new residential community features wall art and framed original artifacts from the business and family that were recovered from a 1902 time capsule discovered on the site during construction.

The Seng is one of three residential buildings totaling 487 units to be completed at Wendelin Park, a mixed-use, mixed-income development by Structured Development on a site bounded by Blackhawk, Dayton and Kingsbury streets, on Chicago’s Near North Side. The other properties include Post Chicago, a newly opened 10-story, 431-bed co-living community operated by Tripalink, and Foundry, a 27-story, 327-unit market-rate rental tower scheduled for completion in early 2024. All three residential buildings are centered around the new 26,000-square-foot Wendelin Park, privately developed by Structured as a public amenity featuring a nature play area, dog run, community garden and 20-foot sculpture from Chicago artist Ruth Aizuss Migdal, titled “Red Tree Uprising,” commissioned through the Chicago Sculpture Exhibit.

Located next to Chicago’s second-largest retail district, the Clybourn Corridor, The Seng is within walking distance of the NEWCITY shopping center, also developed by Structured, and near Whole Foods, Apple, Crate & Barrel, The Container Store, Target and other national brands. Nearby entertainment options include the AMC NEWCITY 14 movie theater, Steppenwolf Theatre and Second City, as well as numerous restaurants. Wendelin Park is also close to the new Wild Mile, Chicago’s first floating eco-park, and other recreational offerings, including Lincoln Park Movement, a climbing gym also built by Structured; iFLY Skydiving; DICK’s Sporting Goods; and REI.

Residents of Wendelin Park are steps from the North/Clybourn Red Line station, just a 15-minute commute to downtown. In addition, the buildings are served by several bus routes and offer quick access to the Kennedy Expressway and Lake Shore Drive. Realtors Christina Glass and Jordan Euson of Compass have the exclusive listing for The Seng. For sales inquiries, call (773) 217-9770, email sengchicago@compass.com or visit sengchicago.com.

About Structured Development:

Structured Development is a Chicago-based real estate development company formed in January 2002 to pursue unique real estate development opportunities. The company thrives on engaging in complex real estate transactions encompassing a range of property types, including retail, residential, mixed-use and industrial. Whether working with partners or independently, Structured Development strives to unlock and enhance the unseen value of real estate, simultaneously enriching urban and suburban landscapes through sustainable and innovative development practices. For more information, visit www.strdev.com.