Join the PAC!!! We currently have 2 bedroom/1 bath units available for an affordable share price. Please call or email to learn more!

September 2011

The PAC currently has two recently updated 2 bedroom/1 bath units available for purchase. The share prices range from $4,075- $5,600 with monthly housing charges in the range of $910- $925 (heat included). Please call or email for more info!

Join us for an Open House on Saturday September 10th from 1-5!!! Meet current PAC members, have some food and learn more about how to join the PAC!! Please email us at pac.chicago@gmail.com or call 847-424-5592 for more info!!


The PAC currently has a 2 bedroom/2 bath available for a share price of $4172 and a monthly housing charge of $910 (includes heat).

In January, we will have a 3 bedroom/ 2 bath available for a share price of $3,500 and a monthly housing charge of $1,055 (includes heat)

Please note! The Pratt Ashland Cooperative has a new phone number. You can leave a message for us at: 847-424-5592. Thanks!

In August, the Pratt Ashland Cooperative will have a 2 bedroom/1 bath available for purchase. The Share Price is approximately $4072.15 with a Monthly Housing Charge (includes heat) of $910. Please email the PAC at pac.chicago@gmail.com or call 847-424-5592 to learn more about becoming a PAC member.

About the PAC

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 Rogers Park.

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 $2,500 - $5,000 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 CTA 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.

GENERAL FEATURES

Monthly housing charge ranges from $820.00 to $1100.00

We accept the Chicago Housing Voucher Program

Small pets are welcome

Low buy-in cost

Child Friendly and Involved Neighbors

Community Oriented

7% Annual Interest on your Ownership Share


BUILDING FEATURES:

Vintage Building

Community Garden and back yard space

Bike room

Cable Ready and Heat Included

Decorative Fireplaces (most units) & Back Porches

Hardwood Floor (most units) and plenty of Closet Space

Laundry Facilities

Close to Public Transportation, Schools, & Lakefront

Interested in a tour of available units? Email the PAC or call the recruitment committee at 847-424-5592

6 Steps to PAC Membership

Becoming a member of the PAC is not difficult, but not a quick process either. We want to be sure that you understand what cooperative housing entails, and that you are a good fit with our community. That is why we have this membership process.

Introductory Class. After you view the available unit and are interested in more information about cooperative housing, we will schedule a two hour course on the PAC. You will receive a course completion certificate, which you can use at any future date as proof of taking the course, even if you decide to wait on your housing decision.

Background and Credit Checks. Our management company will facilitate this check and approve your status for membership. The cost for a credit check is $50 (single) and $90 for a family.

Board Review. Following steps one and two, the board will meet in order to approve your status for membership.

Home Visit from Board. At least two members of the board will visit your current residence. This is a scheduled "surprise visit." You will know generally when they will arrive, but not specifically the date and time.

Interview with Current Membership. This is your interview with current members. We will ask you questions and then circulate your responses with all PAC members.

Membership Vote. Every unit gets one vote on your membership into the PAC. Most likely if you've made it this far then things are looking good for PAC membership.Congratulations! Completing these steps will make you a PAC member. The only thing left is to determine a move in date and to pay your first membership fee into the community. Welcome to the PAC!

Interested in a tour of available units? Email the PAC or call the recruitment committee at 847-424-5592.