South Shore apartments sell for $22 million, as nearby Obama Presidential Center raises fears about displacement – Chicago Tribune/MSN

The price tag is significantly more than the $16.8 million Belveron, one of the nation’s largest owners of affordable housing, paid for the 1920s-era buildings in 2019. “The buyer is going to want a return on their investment, and the only way I see you can make a profit is to increase the rent,” said community organizer Dixon Romero.

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