June 09, 2008

Sterling not so Sterling

Condo Foreclosure Capital of Chicago

“The Sterling Private Residences” - a 50 story tower at 345 N Lasalle St is the leading condo building in the city for foreclosures.

95 foreclosure suits totaling $40M in mortgage loans were filed in the most recent 3 year period.

Currently, there are 27 active units for sale with 9 under contract. 13 units sold during the most recent 6 month period totaling $3,490,650. The list to sale price ratio was 93.5%.

See below to read the Crain’s story.

Interested in viewing some of these units? Click here to get your seat now

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	Chicago Business News, Analysis & Articles \| A Sterling example of condo bust \| Crain's
	Condo Foreclosure Capital of Chicago
	http://www.chicagobusiness.com/cgi-bin/article.pl?article_id=29398

Topic Tags: condo bust, condo foreclosures chicago, foreclosure tour chicago, the sterling

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