A 427-unit condominium complex in Chicago’s suburbs has sold for about $57 million to an investor that plans to convert the property to rental apartments, extending a flood of deconversion deals in the area in recent years.
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Suburban Chicago Condo Complex Sells for $57 Million in Latest Area Deconversion Deal
United Group Development Plans To Turn 427 Units Into Rental Apartments, Which Are More in Demand
By Ryan Ori
CoStar NewsFebruary 9, 2022 | 2:55 P.M.
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IN THIS ARTICLE
- Properties
- Terraces of Elk Grove
908 Ridge Sq, Elk Grove Village, IL
- Companies
- United Group Development
Real Estate
- RDM Companies
Construction