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CHICAGO-City official turned developer David Doig is proposing 41 multifamily units in the 400 block of North Waller Avenue, an $11-million project for an Austin neighborhood that has seen little new market-rate housing in recent years. Rezoning of two sites was endorsed by the city council's committee on zoning Tuesday.

Doig's group plans to build 26 units in a series of three-flat buildings on a 33,300-sf vacant lot at 445-57 N. Waller Ave., with 52 parking spaces, says attorney Rolando Acosta. Prices would be in the "low to mid" $300,000 range, says Doig, former chief executive officer of the Chicago Park District. Across the street at 420 N. Waller Ave., Lake Waller LLC plans to build a 15-unit condominium building with 15 parking spaces on the 21,000-sf site. All units on both sides of Waller Avenue would be two-bedrooms, but Doig says the condominiums would be priced in the "low to mid" $200,000 range.

The properties had been zoned for multifamily use but eventually were down-zoned to the lowest single-family category. The city council is except to approve RM5 zoning for the sites, allowing for about 100,000 sf to be built.