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Local Partnership Buys 4860 N. Rockwell

CHICAGO-An investor has purchased out of foreclosure the 64-unit apartment building, which was previously set to be converted into condos.

By Cari Brokamp | Updated on September 17, 2009

CHICAGO-A local partnership has acquired the 4860 N. Rockwell apartment building out of foreclosure for close to $2 million. Located in the Lincoln Square neighborhood, the 64-unit building was being sold by a bank who foreclosed on the property from a developer who had planned to convert it into condominiums.

Doug Imber, president of Essex Realty Group Inc., marketed and sold the property for the bank.

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