This beautiful brand new construction home is part of a new development in Grand Marais that features four single family homes in phase one (summer 2018) and four more single family homes in phase two (fall 2018). All homes in the development will be sold through the Community Land Trust program, in which households purchase the house and lease the land. The houses must be owner-occupied as a principal residence and cannot be used as vacation rental property. Prospective buyers for this house must have a gross annual income under 80% of Cook County area median income. Buyer’s gross annual income cannot exceed the following (household size in parenthesis): $38,950 (1); $44,500 (2); $50,050 (3); $55,600 (4); $60,050 (5); $64,500 (6) . The home has an appraised value of $215,000 but is being sold for $50,000 below market value to income qualified households. Enjoy the privacy of the adjacent woods while being just minutes away from all that Grand Marais has to offer! Come and see this gem today!!
1411 W 2nd St, Grand Marais
MLS #: 6076961 $165,000
This listing is compliments of 1 Roof Community Housing.