Bank plans bulk sale for Kroupa’s Sheridan condos

2930 N Sheridan, ChicagoSeems like every brokerage in Chicago took a turn with the high-rises at 2930 and 3033 N Sheridan Rd in Lake View. Now North Community Bank will try its luck unloading all of the towers’ unsold inventory in bulk.

North Community recently obtained the buildings’ 130 unsold units from developer Robert Kroupa in a deed-in-lieu of foreclosure, and hopes to sell them together for $15 million to $18 million, Crain’s reports.

Kroupa bought the buildings in late 2006. He was able to sell 189 of the 252 units at 2930 and 78 of the 145 units at 3033, Crain’s says, but couldn’t pay off a $76.4 million loan.

Conlon Real Estate will market the homes for North Community.

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