The land bank, which owns the properties' tax certificates, has removed the red tape for potential buyers by extinguishing back taxes, liens, unpaid city fines or utility bills.
"We're trying to give an adrenaline boost to development in these communities by eliminating barriers to getting access to the property," said Cook County Commissioner Bridget Gainer, chairman of the 3-year-old land bank.
"The thing we wanted to address ... is to say, 'Look, I can't make someone develop the property, but I can remove the barriers to that decision,'" Gainer said.