I'll quote Joe Zekas one time and let you follow the link to read the article for yourselves:
The Rogers Park condo inventory grew explosively during the past decade. In May of 2008 a block-by-block survey of Rogers Park surfaced 48 active condo conversions and new construction projects. Most of those projects have since failed.
- Joe Zekas
A Rogers Park Condo Bust, Yo Chicago
Furthermore, remember the misguided focus of Alderman Joe Moore:
Alderman Joe Moore: Oblivious to Crime
- Bill Morton