I spoke with a manager of the gut-rehab project, and he stated that it should be complete betweeen 5 or 6 months.
Former residents stated that they expect to return in April '09 to a renovated building, with higher rent.
Another resident stated that the building located at 1221 W. Sherwin Avenue "was paid-off free and clear" before the interior demolition, "but they mortgaged the building, $6 million, for the renovation".
1221 W. Sherwin Avenue
Chicago, IL. 60626