Logan Square Cooperative

UPDATE: As of April 2016 we do not have any units available. All of our units are currently occupied by our member owners. However, we welcome future prospective inquirers to contact us. Additionally, we occasionally have short-term sublet opportunities. Please inquire for current openings.

The Logan Square Cooperative was purchased on 10/31/01 and includes 1 three-bedroom unit, 1 two-bedroom unit, 5 one-bedroom units, and 1 three-room studio.

We feel part of a real community with dynamic and diverse people (11 adults and 3 children) all dedicated to peace and justice and part of larger community as members of Logan Square Neighborhood Association. Child-friendly and pet-friendly. Lush garden, laundry facilities, and basement storage. Solar system for hot water installed and new back porches. Close to public transport (near Diversey and Pulaski); park and free swimming pool just a block away; garage space is rotated for $50 a month.

Our Coop is a limited equity coop because we are committed to long-term affordable housing. We have saved a large building from for-profit developers, and we are encouraging others to try the same. If a member moves out, (s)he only would take the amount put toward principal on the mortgage, downpayment, and major improvements (s)he put in that have been approved by the coop- that defines limited equity.

We are governed by By-Laws, the Principles of Unity, and Occupancy Agreements. Our criteria for membership include: Agreement with the principles of unity; commitment to affordable housing and living; commitment to keep Chicago a city in which affordable housing is available to everyone; a lifestyle and belief system which reflects commitment to social equality; financial stability to ensure financial commitment to the cooperative; willingness to make a commitment to living cooperatively by dedicating time and skills to cooperative work and activities; effectively communicating with members; ability to be flexible and tolerant and open to ideas and lifestyles of others; commitment to stay long term in LSC; has skills that would add to LSC existing skills, abilities and interests; Sense of humor and willingness to share joy; agreement on process of consensus decision making and willingness to learn and practice this process (Consensus is different from majority vote. We strive to ensure that each coop decision has the full backing of all of our members through adequate fact-finding, democratic discussion, and addressing the root cause of any objections).

Given the present economic crisis, this is your way to save money, live in better conditions, take a stand for affordable housing, and build community. As a member you would own a share in the Coop; the Coop owns the building.