Fc Central Station Senior
1251 S Michigan Ave, Chicago, IL 60605
HUD lists it as senior housing · 6 studio, 85 1BR
- Apartments
- 91
- Income-restricted
- 91
- Placed in service
- 2006
Chicago, Illinois
Tax credit apartments in Chicago 60605
5 properties in ZIP code 60605 with 654 income-restricted apartments, from HUD's LIHTC database. All of Chicago.
Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.
LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.
Senior Suites Of Central Station
1400 S Indiana Ave, Chicago, IL 60605
HUD lists it as senior housing · 20 studio, 76 1BR
- Apartments
- 96
- Income-restricted
- 96
- Placed in service
- 1996
South Loop Affordable Housing
600 S Wabash Ave, Chicago, IL 60605
169 studio
- Apartments
- 169
- Income-restricted
- 169
- Placed in service
- 2005
South Loop Apts
1521 S Wabash Ave, Chicago, IL 60605
130 1BR, 77 2BR
- Apartments
- 207
- Income-restricted
- 207
- Placed in service
- 2000
The Park At Central Station
1251 S Michigan Ave, Chicago, IL 60605
6 studio, 86 1BR
- Apartments
- 92
- Income-restricted
- 91
- Placed in service
- 2006
Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024).
How tax credit apartments work
Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.
To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.
You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.