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Metropolitan's Lincoln Park homes face foreclosure

Lincoln Park West Collection, 1901 - 1909 N Lincoln Park WestMore of Metropolitan Development Enterprises‘ new-construction homes face foreclosure, according to Crain’s. This time, Lakeside Bank is seeking $7 million on four unsold homes in the five-unit Lincoln Park West Collection, located at 1901 -1909 N Lincoln Park West in the Old Town Triangle. Metropolitan started building the six-bedroom / five-bath single-families in the spring of 2007, according to old Yo posts.

NewHomeNotebook lists a price range of $2.9 million to $4.8 million for the homes. Koenig & Strey GMAC still lists the home at 1901 N Lincoln Park West at a price of $3.65 million.

Crain’s reported two weeks ago that Metropolitan also faces a $24 million foreclosure suit against its unfinished Rainbo Village condominium development in Uptown.

Related posts:
Uptown’s Rainbo Village faces another foreclosure suit (March 25)
New homes sighted in the Old Town Triangle (May 4, 2007)

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