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Council approves inducement for sale and redevelopment of 57 East 24th Street
Summary
Chicago Heights approved Resolution #2026-63 to induce sale and redevelopment of industrial property at 57 East 24th Street with developer IPF Realty, LLC; Corporation Counsel reported the City acquired the property via deed in lieu and a metal fabrication company had expressed interest at $150,000.
The City Council voted 7–0 on June 3, 2026 to approve Resolution #2026-63, which authorizes inducement for the sale and redevelopment of industrial property at 57 East 24th Street with developer IPF Realty, LLC. Alderman Sonia Perez moved the resolution and Alderman Kelli Merrick seconded; the motion carried unanimously.
Corporation Counsel T.J. Somer told the council the City had "recently acquired the property through a deed in lieu of foreclosure agreement" and said a metal fabrication company had shown interest in purchasing the site for $150,000. The minutes do not include purchase documentation or a timeline for closing.
