More than eight years after buying all the condominiums in a 30-story tower on Chicago’s North Side and converting them to 207 rental units, a New Jersey-based developer has sold the property at an apparent loss.
Chicago condos-to-apartments tower sells for almost $57 million
Deal for 207 units results in apparent loss for Strategic Properties of North America
By Ryan Ori
CoStar NewsDecember 15, 2025 | 9:21 P.M.
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IN THIS ARTICLE
- Properties
- Wave Lakeview
420 Belmont Ave, Chicago, IL
- Companies
- The Laramar Group, LLC
Real Estate
- Strategic Properties of North America
Real Estate