IllinoisMultifamily Gold Coast condo building seeks deconversion buyer May 23, 2019 Share on Facebook Share on Twitter Share on LinkedIn Share via email CBRE has been retained to list 21 East Chestnut Condominiums, a 163-unit condo property in Chicago, for deconversion to apartments. Built in 1962 and converted to condos in 1979, the 25-story multifamily tower offers a mix of studio, one-bedroom and two-bedroom units. CBRE’s Sam Haddadin and Dan Cohen will represent the 21 East Chestnut Condo Association in the sale. “This is a rare opportunity to acquire a value-add rental property in one of Chicago’s most popular neighborhoods,” said Haddadin. Located in Chicago’s Gold Coast neighborhood, the property features 79 studios, 79 one-bedroom/one-bath units and five two-bedroom/two-bath units. The two-bedroom units are combined studio and one-bedroom units. Investors have the option of splitting those units to create a total of 168-units. Building amenities include a rooftop lounge, sauna, a fitness center, resident storage lockers and a bike room.