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Located two blocks south of the site of the Obama Presidential Center, and across from beautiful Jackson Park in the Woodlawn neighborhood.  Island Terrace was built in the late 1960s and owned for decades by local businessman George E. Johnson Sr, founder of the Johnson Products Company, an international cosmetics empire headquartered in Chicago.

Preservation of Affordable Housing (POAH) purchased Island Terrace in 2021 to protect its status as an important source of affordable housing and to fully renovate the 55-year-old property. The renovation is on track to be completed in 2026, with construction well underway now.