Condo Deconversions Will Continue in Chicagoland Area

Condo Deconversions Will Continue in Chicagoland Area

If we consider that 2017 was the year that deconversion sales in Chicago began in earnest, we are now four years into the cycle. I’m frequently asked my opinion of how much longer this cycle will last, and what it will look like going forward. To me, that comes down...
Big deal: Deconversions still happening in Chicago

Big deal: Deconversions still happening in Chicago

Condo deconversions should be dead in Chicago. The voting threshold was raised last year from 75 to 85 percent; rock bottom interest rates promote homeownership; the pandemic has caused many investors to pull back on their reins. And yet, the trend persists....
Could coronavirus lead to Chicago condo deconversion resurgence?

Could coronavirus lead to Chicago condo deconversion resurgence?

Though a new law has made condo deconversions trickier to execute in Chicago, it hasn’t killed the investment strategy. Not by a long shot. Deconversion deals – in which an investor scoops up all the condo units in a building and converts them to rental apartments –...