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The shelter at the former Wadsworth Elementary School building, 6420 S. University Ave., was recently 'decompressed' and all residents were moved to other temporary shelters or have found permanent housing, city officials said.
The Wall Street Journal said the sale could fetch between $3 billion to $5 billion.
On Tuesday, Chicago's Jewish community celebrated Israel declaring its independence 76 years ago, on May 14, 1948. Pro-Palestinian demonstrators gathered across the plaza. There were a few altercations, but no arrests were made.
Carter has delivered on the promise then-Mayor Rahm Emanuel made in 2015 — that Carter would win federal funding for major projects. But he has failed at day-to-day operations and customer service, mass transit experts say.