A lender is grooming two failed North Side condominium projects for sale after taking them back from their developer, aiming to attract buyers seeking to run them as rentals amid a strong apartment market.
Oak Brook-based Oxford Bank & Trust plans to sell the 16 unsold units in a 20-unit condo development in West Rogers Park and an entire 30-unit Albany Park building that went rental after the condo crash. The properties at 2034 Arthur Ave. and 3348 W. Wilson Ave., respectively, were handed back earlier this year by a little-known developer in a so-called deed-in-lieu of foreclosure.
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