Condominiums are spoke on real estate cycle (IL)

/ Owner - January 2, 2021

Q: When was the first condominium created in Illinois?

A: The Illinois Condominium Property Act was adopted in 1962 and was effective July 1, 1963. It is my understanding that the first declaration of condominium was recorded on July 31, 1963, in Cook County. It’s been “off to the races” since then, and there are now thousands of condominium buildings in Illinois.     Read the Q&A…………………………………

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