chi-dover court (2) DoverCourt Condominiums, a $13 million listing, is located in Chicago'sUptown neighborhood at 4601 N. Dover St.

CHICAGO—2017 and 2018 both saw some blockbuster deals thatconverted Chicago-area condo buildings back into rentalunits. The moves represented a significant reversal ofwhat happened during the last residential real estate boom, whendevelopers and owners across the metro area converted thousands ofapartments into condo units. And how long this will continue is oneof the big question marks hovering over the region's hotmultifamily market.

Chicago-based Kiser Group, a multifamilybrokerage firm, has handled a number of both condo conversions anddeconversions over the years. The company looked at its ownhistorical data to see how many of each year's sales were condoconversions as well as deconversions out of the total multifamilysales.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.