chi-445Wellington (2) 445 W. Wellington in Chicago’s Lakeview East.

CHICAGO—The city’s condo market may be showing signs of life, but robust demand for rental units means condo deconversion still makes a lot of sense. Interra Realty, a Chicago-based commercial real estate investment services firm, just brokered the $30 million deconversion sale of 445 W. Wellington Ave., a 15-story condominium building in Chicago’s Lakeview East neighborhood. The buyer, Beal Properties, a local private real estate investor led by principal Bill Silverstein, plans to turn the 65-year-old building’s 117 condos back into rental apartments.