Dover Court Condominiums, a $13 million listing, is located in Chicago's Uptown neighborhood at 4601 N. Dover St.
CHICAGO—2017 and 2018 both saw some blockbuster deals that converted Chicago-area condo buildings back into rental units. The moves represented a significant reversal of what happened during the last residential real estate boom, when developers and owners across the metro area converted thousands of apartments into condo units. And how long this will continue is one of the big question marks hovering over the region's hot multifamily market.
Chicago-based Kiser Group, a multifamily brokerage firm, has handled a number of both condo conversions and deconversions over the years. The company looked at its own historical data to see how many of each year's sales were condo conversions as well as deconversions out of the total multifamily sales.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
