Affordable Housing Hub
Low Income (LIHTC)Waitlist Open

51st + King Drive Apartments

5049 S King Dr Apt 1, Chicago, IL, 60615

Information verified April 18, 2026ยทWe re-check waiting list status daily

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About This Property

51st + King Drive Apartments is a 96-unit property in Chicago serving low-income families. The community includes 92 affordable units with a mix of one- to four-bedroom floor plans: 9 one-bedroom, 55 two-bedroom, 9 three-bedroom, and 23 four-bedroom units. The property has been in service since 2003 and is owned and operated by a non-profit organization.

Waitlist Information

Waitlist managed by Chicago Housing Authority

Public Housing Waitlist
Open

The Chicago Housing Authority (CHA) offers affordable rental housing opportunities with open waitlists. This includes Public Housing.

Last verified February 24, 2026
Section 8 (HCV) Waitlist
Open

The Chicago Housing Authority (CHA) offers affordable rental housing opportunities with open waitlists. This includes the Housing Choice Voucher (HCV) Program. Families living in mobility areas can receive higher rent assistance.

Last verified April 14, 2026

Waitlist data provided by section8waitlist.org

Updated April 17, 2026

Property Details

Total Units
96
1 Bedroom
9
2 Bedroom
55
3 Bedroom
9
4 Bedroom
23

Fair Market Rent - Cook County, IL

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$1,399
1 Bedroom$1,507
2 Bedroom$1,714
3 Bedroom$2,182
4 Bedroom$2,583

Income Limits - Cook County, IL

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$19,600
Very Low (50%)
$32,650
Low (80%)
$52,200
2 Persons
Extremely Low (30%)
$22,400
Very Low (50%)
$37,300
Low (80%)
$59,650
3 Persons
Extremely Low (30%)
$25,200
Very Low (50%)
$41,950
Low (80%)
$67,100
4 Persons
Extremely Low (30%)
$27,950
Very Low (50%)
$46,600
Low (80%)
$74,550
5 Persons
Extremely Low (30%)
$31,040
Very Low (50%)
$50,350
Low (80%)
$80,550
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$54,100
Low (80%)
$86,500
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$57,800
Low (80%)
$92,450
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$61,550
Low (80%)
$98,450

Tax Credit Program Details

Year Placed in Service
2003
LIHTC Credit Type
4%
Low-Income Units
92 / 96
Target Population
Families
Funding Programs
Tax-Exempt BondRental Assistance
Designations
Non-ProfitQualified Census Tract

Frequently Asked Questions

What is the average rent for affordable housing in Chicago, IL?+

The Fair Market Rent (FMR) for Cook County, IL is: $1399 (Studio), $1507 (1BR), $1714 (2BR), $2182 (3BR), $2583 (4BR). Actual rent at subsidized properties like 51st + King Drive Apartments is typically 30% of household income or less.

What size apartments are available at 51st + King Drive Apartments?+

51st + King Drive Apartments offers the following unit types: 9 One-Bedroom, 55 Two-Bedroom, 9 Three-Bedroom, 23 Four-Bedroom units, for a total of 96 units.

Is there a waitlist for 51st + King Drive Apartments?+

Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

Who is eligible to live at 51st + King Drive Apartments?+

51st + King Drive Apartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

How do I apply for housing at 51st + King Drive Apartments?+

51st + King Drive Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

What are the income limits for affordable housing in Cook County, IL?+

For a 4-person household in Cook County, IL, the income limits are: Extremely Low Income (30% AMI): $27,950, Very Low Income (50% AMI): $46,600, Low Income (80% AMI): $74,550. These limits are set by HUD and updated annually.

What is the price range for apartments in Chicago, IL?+

Based on Fair Market Rent for Cook County, the estimated price range is: 1-bedroom: $1507, 2-bedroom: $1714, 3-bedroom: $2182. Actual rent at 51st + King Drive Apartments may be lower for income-eligible households.

Who manages 51st + King Drive Apartments?+

51st + King Drive Apartments is managed by . You can reach them at .

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Contact Information

Walk Score

Very Walkable

85
Walk
72
Transit
73
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Cook County, IL

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Housing Resources in Chicago, IL

HUD-Approved Counseling Agencies

ACCESS LIVING OF METROPOLITAN CHICAGO

Rental Housing CounselingRental Housing Workshops

AGORA COMMUNITY SERVICES CORPORATION, NFP

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops

BRIGHTON PARK NEIGHBORHOOD COUNCIL

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops