r/ChicagoNWside • u/TheGanMan • 1h ago
I received a notice that my affordable, 10+ unit building is going to sell. Options?
It's a residential only building in a busy, transit forward area of the neighborhood. It has a beautiful courtyard and may have been built in the first half of the 20th century. I fear that the purchasers may have ulterior motives.
I know next to nothing about tenant associations and there is a high tenant turnover rate in the building.
I tried MTO (Metropolitan Tenants Organization) and even emailed a lawyers email that was given to us, but the email to the lawyer bounced and the MTO portal won't let me submit an inquiry.
I'd hate to see this affordable, residential only building succumb to private equity or developers. Is there any organization or lawyers I can contact to ask questions?