Monday, August 11, 2008

42nd Ward Real Estate Continues to Sizzle

While the rest of Chicago has seen a relative downturn in the real estate market, the 42nd Ward contines to do very well.
The most recent is example is 211 E. Ontario. The building, containing 172,000 square feet of office space, recently sold for about $36 million.
The building had been purchased in 2006 for $23 million. The owners had invested about $1 million in renovations.