A New Chapter for Clark Street: Chase Park–Adjacent Site Set for Housing After Decades as a Tax-Exempt Nonprofit Campus

By Socialhood News · Il/Chicago/Uptown · May 17, 2026

A major transformation is quietly taking shape along Uptown's Clark Street corridor, and neighbors have good reason to take notice. The sprawling building complex at 4740 N. Clark — which has housed the Community Counseling Centers of Chicago (C4) for many years — is heading toward demolition, with residential development to follow. Developer Raftery, already known in the neighborhood for completing the well-regarded historically sensitive project at 4500–4504 N. Clark, is now linked to the site next to beloved Chase Park.

The three-building Clark Street complex has operated tax-free for at least 30 years under the Edgewater Uptown Building Corporation. With C4 facing mounting financial pressures — including a foreclosure filing on their Broadway location earlier this year — the writing has been on the wall. Now, community watchers at Uptown Update are optimistic about what comes next: the land, long off Uptown's tax rolls, will finally be repurposed for much-needed housing in a prime location steps from the park.

While Raftery's exact plans are still taking shape — current zoning could allow 3–4 stories by right, with an affordable housing component possible if an upzone is sought from 47th Ward Alderman Matt Martin — the prospect of new homes filling this long-static site is generating real buzz. Stay plugged into how Clark Street continues to evolve at exploreuptown.org and right here on Socialhood!

Sources:
1. https://www.uptownupdate.com/2026/05/major-changes-to-clark-demo-of-4740-n.html
2. https://uptownupdate.com/?m=1