Section 15 IL Condo Law

2019 Q2 Demand for Chicago Apartments Fuels Section 15 Deconversions

With demand for downtown Chicago apartment units outstripping new supply by nearly 3-to-1, it is no wonder then that investors continue their search for Section 15 condominium deconversion opportunities.  The latest high-profile condo deconversion target is the 39 story high rise, 2 East Oak Street, in the Viagra Triangle.

Earnest Money, Owner Protections and the Politics of a Section 15 Condominium Deconversion

Here's four things that condominium owners might consider to protect their interests in a forced condominium deconversion sale.

Condo Deconversions Can Be More Challenging Under the 2018 Section 15 Changes

Here are a few incentives that investors can offer owners to structure a compelling Section 15 condominium deconversion offer.