Chicago Real Estate Daily had a positive story yesterday in regard to real estate as the condo inventory has shrunk:
This has been an ongoing story in our neighborhood as numerous condo buildings converted to rentals. Most recently Lexington Park (Michigan and Cermak) converted to rental, but there must be at least 10 other projects in the South Loop that followed this trend.
The article specifically cites Astoria Towers (9th and State) recent conversion as a prime example of this trend.
(Image from Chicago Real Estate Daily)