Edwin Berry Manor Apartments

Senior Affordable Housing in Chicago, Illinois


Total Cost: $18,373,190


The Recapitalization of Berry Manor closed in September of 2022. The moderate rehabilitation of the property will consist of cosmetic upgrades to unit kitchens, appliances upgrades, replacement of interior doors, cosmetic and fixture upgrades to all bathrooms, replacement of all lights to LED fixtures, window replacements, upgrades to the building’s HVAC and fire sprinkler systems, and refinishing of the buildings concrete block exterior. Construction is set to occur over 13 months and will ensure the continued sustainability and affordability of the building for generations to come.


Secured financing for this redevelopment project included:

$5,808,000HUD 221d4 Mortgage
$6,550,0174% Federal LIHTC Equity
$2,560,675Seller Note
$1,700,000Illinois Housing Development Authority Loan
$1,334,652Existing Reserves
$309,734Deferred Developer Fee
$110,012ComEd Energy Efficiency Program


Total Cost


Edwin Berry Manor Apartments is a 57-unit Section 8 mixed bedroom senior building originally built in 1991. It is located in the Woodlawn neighborhood, just south of Hyde Park Chicago, approximately 1-2 miles SW of the Island Terrace project and the new Obama Library.

Secured financing and funding for this project included:

$4,515,000Low Income Investment Fund (LIIF)
$625,512NHPF Funds