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Chicago's Deconversion Craze May Be History

from The Real Deal

Over the last year and a half, Chicago has seen scores of condo buildings deconverted into apartment complexes, as investors have seized on the growing appetite for rental units in the city. While that trend has appeared to have slowed slightly, the City Council's Housing and Real Estate committee unanimously approved a measure that would make it more difficult for investors to deconvert properties. more

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