Solicitation of Bids and Proposals for the Sale and Development of Property at 2024 Chestnut Road and 2066 Ridge Road

LEGAL NOTICE

VILLAGE OF HOMEWOOD

SOLICITATION OF ALTERNATE BIDS AND PROPOSALS FOR THE SALE AND DEVELOPMENT OF PROPERTY IN A TAX INCREMENT REDEVELOPMENT PROJECT AREA

Notice is hereby given that the Village of Homewood is soliciting bids and proposals for the sale and development of the following described municipally-owned property in the Downtown TOD Redevelopment Project Area and also within the proposed Harwood Transit Oriented Development Redevelopment Project Area:

All of Lot 4 and Lot 5 and 6 (except the easterly 50 feet of said Lots 5 and 6) and the north 45 feet of Lot 10 in Block “B” in the Village of Hartford now called Homewood, a subdivision of the Northeast ¼ of the Southwest ¼ of Section 31, Township 36 North, Range 14, East of the Third Principal Meridian, in Cook County, Illinois.

Parcel Identification No: 29-31-307-004, 29-31-307-005, 29-31-307-015

Common Address: 2066 Ridge Road, Homewood, IL 60430

The property is a vacant one-story commercial structure in the B-1 downtown core district. The proposal calls for the property to be sold for $1, for the existing structure to be demolished and for the construction of a mixed-use commercial and residential building.

and the following described property:

Lots 1 through 6, both inclusive, in Block “C” in Village of Hartford (now called Homewood) Subdivision of the Northeast Quarter of the Southwest Quarter of Section 31, Township 36 North, Range 14, East of the Third Principal Meridian, in Cook County, Illinois.

Parcel Identification No: 29-31-305-018

Common Address: 2024 Chestnut Road, Homewood IL

The property is a public parking lot and is zoned B-2 downtown transition district. The proposal calls for selling the property for $1 and constructing a mixed-use commercial and residential building.

Copies of the proposal are available for public review in the Village Clerk’s office at the Homewood Village Hall, 2020 Chestnut Road, Monday through Friday, 8:00 a.m. to 5:00 p.m., and on the village website: village.homewood.il.us.

Alternate proposals must be received at the Village Clerk’s office in the Homewood Village Hall, 2020 Chestnut Road, Homewood, Illinois, by 5:00 p.m. on Tuesday, February 24, 2026. All such proposals will be presented at the Village Board meeting beginning at 7:00 p.m. on February 24, 2026.

Proposals shall include:

1. Description of planned use(s).
2. Timeline of construction period.
3. Proposed site plan/design.
4. Estimated date of completion of improvements.
5. Estimated date of occupancy and estimated date of commencing new business operations.
6. Description of incentives requested by the Developer, if any.

Persons with questions may contact Director of Economic & Community Development Angela Mesaros at (708) 206-3387.

Village Clerk

Village of Homewood

Date: February 11, 2026