Inventory shortage has created a dramatic sellers' market in Chicago that is causing developers to take a second look at two-flats.
Crain's Dennis Rodkin has a report out today that several neighborhoods on the city's North Side are ground zero for two-flat to single-family home conversions. Those neighborhoods include Andersonville, North Center and Lincoln Square.
With little inventory available for single-ffamily home buyers, developers are seeing profit in the de-conversions.
For the full report, head over to Crain's here.