Month: June 2018

Condo Deconversions: Proceed With Caution

Written by Allie Haling, Charles Franklin, and Craig Capilla There is a growing trend in the Chicagoland real estate market and other urban areas in Illinois where developers and investors are looking to deconvert condominium projects into rental apartments. This deconversion process is governed by Section 15 of the Illinois Condominium Property Act (the “Act”)…