Chicago’s Condo Deconversion Pattern: 69 Buildings Bought in Bulk Since 2018 Left the Tax Rolls as Condominiums, the Nearest Parcels Now Classed as Apartment Buildings or Two-to-Six-Flats

Sixty-nine Chicago condominium buildings bought in bulk since 2018 have left the tax rolls as condominiums, the nearest parcels now classed as apartment buildings or two-to-six-flats; 46 were bought in 2018 through 2020. Chicago requires 85 percent of unit owners to approve such a sale.









