Condominium “deconversions” are sweeping Chicago as more investors and small developers tap a profitable market. A survey by The Home Front revealed that more than 2,500 condo units in more than 20 existing condo buildings have been de-converted and rehabbed into rental apartments over the past three years. Buyers include major landlords, out-of-state investors, and 1031 tax-deferred purchasers who are looking to acquire real estate to defer capital gains on recent property sales. Read the article………………………
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December 20, 2021
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