The university said Sunday that it will announce the potential site at a news conference Monday morning.
The university says it will post its complete submission as a potential location for the library on its website. The school on the city’s West Side is one of five Chicago locations hoping to become home to the library.
The two previous sites are on campus. The third will be west of campus.
The University of Chicago, Chicago State University, the Bronzeville neighborhood and a retail and residential development near Lake Michigan are also hoping to become the library’s home.
New York City and Hawaii are also bidding to host the library.