Despite talk of a deconversion slowdown — and Chicago’s proposed ordinance to increase the required approval threshold to 85% of owners — the trend is alive and well in 2019 as investors continue to buy out condo buildings they believe hold more value as rentals. Kyle Stengle, senior vice president of investments in the Chicago Downtown office ofTaylor Johnson client Marcus & Millichap, is among the local brokers with experience in navigating these often-complex transactions. Together with his team, he has brokered more than 10 deconversions , most recently the $4.6 million sale of 4072 N. Sheridan Road , a 16-unit multifamily building in Chicago’s Buena Park. In promoting the closing, Taylor Johnson worked with Marcus & Millichap to offer commentary on the broader market, securing coverage in  GlobeSt.com,RE Journals,  Connect Chicago, Multihousing Pro,Multifamily Press and Multifamily Biz.

Marcus & Millichap’s Kyle Stengle recently brokered the deconversion sale of 4072 N. Sheridan Road in Buena Park — one of 10 such deals he has closed throughout Chicago.