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Portfolio of 45 Chicago Apartment Buildings Heads for Bankruptcy Auction

Properties Totaling 535 Units on City’s South Side Are in Need of Renovations

The multiunit site at 2666-2670 E. 78th St. is one of six buildings in Chicago’s South Shore neighborhood that are part of a 45-building portfolio up for auction. (Hilco Global)
The multiunit site at 2666-2670 E. 78th St. is one of six buildings in Chicago’s South Shore neighborhood that are part of a 45-building portfolio up for auction. (Hilco Global)

An oversized portfolio of distressed apartment buildings on Chicago’s South Side is up for auction as part of a Chapter 11 bankruptcy for what was once a grand plan to rehabilitate 1,200 rental units in the city and some suburbs.

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