Prospero Homes of Kenwood

Type:

For-Sale Single Family

Status:

Construction Complete – Placed in Service May 2008

Budget:

$12,000,000+

Financial Sources:

Conventional Construction Loan / Fifth Third Bank
Sales Proceeds
FHA First Mortgage


The Prospero development consists of 11 single-family homes, 14 town homes, and 6 condominium units adjoining the Shakespeare School site in North Kenwood.

The school recently received $20 million in rehabilitation and houses a charter school operated by the University of Chicago, and Ariel Community Academy. The site was previously vacant land.