1500 W Monroe Chicago, IL 60607

Property is condemned and deemed uninhabitable for the foreseeable future. Extensive water damage from frozen pipe bursts that has caused significant interior damage. The building also has severe structural damage, including a compromised foundation and structure. Entry and access to the entire stack of condominium units is restricted by city of chicago department of buildings. A special assessment is currently active on the HOA dues, and another special assessment is potentially imminent. Property is being sold as-is, with no warranties, repairs, or occupancy permitted. Not suitable for rehab without interior reconstruction or demolition. GC and sub-contractors must be licensed, insured and approved by the association. Buyer to assume all responsibility for inspections, code compliance, and HOA obligations. May require Union contractors.