Pratt-Ashland Cooperative :: Communities Directory

Formed: 1994 Established: 1995

This page last updated:8/25/2011

Pratt-Ashland Cooperative

Chicago, Illinois,

United States

The Pratt-Ashland Cooperative (PAC) was established in 1995 to allow low- to moderate-income families the opportunity of owning their home. We are a 22-unit apartment building located in the Rogers Park neighborhood of Chicago, IL, just a 10-minute walk from Lake Michigan.

The building is cooperatively owned and we all have our own apartments. Membership in the Pratt-Ashland Co-op is an extremely affordable way to be a home owner: you buy in at a share price ranging from approximately $2,575 - $4,000 and then you pay a monthly housing charge that covers all building maintenance and your portion of the mortgage on the whole building. Combine that with convenient access to the Chicago Transit Authority Red Line, Clark bus, Metra, and THE BEACH, and it’s a great setup.

Pratt-Ashland is an affordable, limited-equity cooperative. The residents collectively have ownership and control building over their building. Intro to Cooperative class available to all new applicants.

Website: http://pac-chicago.blogspot.com

Contact:

Pratt-Ashland Cooperative
6807 N. Ashland #1
Chicago, Illinois 60626 United States
Phone: 847-424-5592

Links:

Pratt-Ashland Cooperative Web Site

Community location is placed at the center of the zip/postal code, city/state, or city/country (not based on street addresses)

This page last updated:8/25/2011

Visitors Accepted

Visitor Process: Please call the Pratt-Ashland Cooperative at 847-424-5592 or email pac.chicago@gmail.com. A PAC member will set up a time for you to visit the cooperative and see any available units. We are happy to talk to you about the community.

Statement of Housing Non-discrimination:

Our community does not discriminate in regards to housing based on race/color, national origin, religion, sex/gender, family status (i.e. having children, not having children, or being pregnant), disability, marital status, sexual orientation, ancestry, source of income, age, creed, personal appearance, political affiliation, HIV infection, military/veteran status, unfavorable military discharge, gender identity or expression, receiving public assistance, or being the victim of domestic abuse.

Population Members(adults and children): 50 Non-member Residents: 0 Open to new members: Yes	Government Decision Making: By majority rule Identified Leader: No (Board and officers elected each year.) Leadership Core Group: No	Labor and Money Financial Style: Members have independent finances Open to Members with Pre-existing Debt: Yes Labor Contribution: Expected (Members are expected to attend monthly building meetings, serve on at least 1 committee, and participate in special events. Labor time commitments to committees vary based on interest and ambition.) Join Fee: Yes (Members are required to purchase a share in the cooperative. Shares range from $2,500-$4,500 based on the size of the apartment.) Regular Fees: Yes (The Pratt-Ashland Cooperative has a $400 annual assessment.)
Land and Buildings Urban Land Owned By: The community Number of Residences: 1 (One apartment building with 4 separate tiers, 22 units total.) Cohousing: No	Food, etc. Percentage of Food Grown: 1-5% (Small communal garden beds and containers.) Share Community Meals: Rarely Dietary Choice or Restrictions: Diet is up to each individual Dietary Practice: Omnivorous Alcohol Use: Used occasionally Tobacco Use: Used Occasionally (smoking is prohibited in common areas.)	Social Factors Common Spiritual Practices: No Educational Style(s): Public schooled

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Become an Editor Current editor(s): nicolegarneau

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