Low Income (LIHTC)Waitlist Open

Magnolia Arms

4626 N Magnolia Ave, Chicago, IL, 60640

Information verified July 12, 2026·We re-check waiting list status daily

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About This Property

Magnolia Arms is a 70-unit affordable housing community in Chicago, Illinois that serves low-income residents. The property has been in service since 1993 and remains an active resource for housing in Cook County.

Waitlist Information

Waitlist managed by Chicago Housing Authority

Public Housing Waitlist

Open

The website states "The Chicago Housing Authority (CHA) offers affordable rental housing opportunities with open waitlists. Explore available options using filters for community area, property type, and your unique accommodations to find your ideal home. Apply today!" This applies to Public Housing properties like William Jones Apartments and Elizabeth Davis Apartments.

Last verified February 24, 2026

Section 8 (HCV) Waitlist

Closed

The HCV waiting list is currently closed. Preferences for selection include victims of federally declared disasters, domestic violence victims, veterans, homeless, and family preservation.

Last verified June 11, 2026

Waitlist data provided by section8waitlist.org

Updated July 12, 2026

Property Details

Total Units

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.

Bedrooms	FMR
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

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

Tax Credit Program Details

Year Placed in Service

1993

Low-Income Units

70 / 70

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 Magnolia Arms is typically 30% of household income or less.

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.

Is there a waitlist for Magnolia Arms?+

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

How do I apply for housing at Magnolia Arms?+

Magnolia Arms is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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.

Who manages Magnolia Arms?+

Magnolia Arms is managed by . You can reach them at . Visit their website for more information.

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