This Isn’t Just a Suburban Chicago Condo Building Sale. It’s a Telling Example of the Area’s Deconversion Wave.

At first glance, the 357-unit condominium building in Chicago’s suburbs that sold for almost $63 million to a developer that plans to convert it to a rental property may look like another multifamily sale. But it's actually a good example of the type of property involved in deconversion deals in the area over the past few years.