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Cecil Newman Apartments

701-729 Emerson Ave. N.

Legacy Management and Development and the Northside Residents Redevelopment Council plan to stabilize this 64-unit, eight-building property in Near North. The project will include new siding, adding pitches to the roofs, new heating and ventilating systems, extensive regarding, and addressing health and safety items.


Legacy Managemen t and Development

Northside Resident Redevelopment Council

City Financing:

$5.7 million Housing Revenue Bonds


$188,000 Affordable Housing Trust Fund 2003


$600,000 Affordable Housing Trust Fund 2004


$443,000 existing Family Housing Fund


$694,000 existing MCDA financing


$398,610 Low-Income Housing Tax Credits

Total Development Cost: 

Approximately $10.3 million

Number of Units: 


Unit Sizes: 

8 one-bedroom, 28 two-bedroom, 28 three-bedroom

Renovation expected to begin: 

2005 or later

Completion date:


Information subject to change.

June 2005

Last updated Oct 28, 2011