Distressed properties hitting market on South Side – Crain’s

Dozens of buildings in neighborhoods like South Shore and Washington Park are hitting the market, the aftermath of an alleged $135 million Ponzi scheme by EquityBuild, their Florida-based owner. Another landlord, the Better Housing Foundation, could flush about 1,000 more apartments into the market after the nonprofit defaulted on more than $84 million in bonds it used to pay for them.

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