Chicago Apartment Buildings Transfer to New Owners
Two Chicago properties changed hands this September, affecting residents in Roseland and North Lawndale apartment buildings.
Updated on Oct. 15, 2026 in Apartments
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In September 2026, apartment owner Shaya Wurzberger transferred two Chicago properties to Churchill Real Estate via deeds in lieu of foreclosure. This transfer affects residents in a 50-unit Roseland building and an additional property in North Lawndale.
Why it matters
These property surrenders resolve outstanding defaults on bridge loans, unpaid taxes, and municipal code violations associated with the buildings. For tenants, such ownership shifts can signal upcoming changes in management or property maintenance standards.
The surrendered holdings include a 50-unit building in Roseland financed with a $1.9 million loan and an apartment property in North Lawndale supported by a $637,950 mortgage. These deeds were finalized in September 2026 following legal actions initiated by Churchill Real Estate earlier this year.
The players
Shaya Wurzberger
A property investor who acquired over 500 units in Chicago between 2022 and 2025.
Churchill Real Estate
A real estate entity that acquired properties through foreclosure-related legal proceedings.
A&S Capital
The lender that originally issued bridge loans for the properties in 2022.
The details
The transfers occurred after bridge loan defaults led lenders to initiate foreclosure proceedings. A&S Capital originally issued these mortgage notes before assigning them to Emilion Capital, which subsequently transferred the debt to Churchill Real Estate. By opting for a deed in lieu of foreclosure, the owner surrendered ownership title directly to the lender to avoid the legal costs of a full foreclosure suit.
Timeline
January 2026: Churchill Real Estate filed a foreclosure suit for the North Lawndale property.
March 2026: Shaya Wurzberger listed 22 mobility zone properties for sale.
September 2026: Wurzberger surrendered the two properties to Churchill Real Estate.
The Home Front
Chicago's rental market is currently seeing a wave of property instability as investors manage bridge loan defaults and regulatory scrutiny. This activity precedes potential shifts in tenant protections under the Protecting Renters Ordinance.
If you reside in a building undergoing a change in ownership, confirm who your primary contact is for rent payments and maintenance requests. You can verify your building’s current legal status or active municipal code violations through the City of Chicago’s official property portal.
The takeaway
Property ownership changes due to foreclosure can introduce uncertainty regarding day-to-day management and maintenance. Tenants should keep thorough records of all rent payments and document any outstanding repair requests in case of a transition to a new property management firm.
What happens next
A hearing in the separate $12 million foreclosure lawsuit brought by Roc360 is scheduled for November 4, 2026.
Further reading
For more information on the local rental landscape, visit the Apartments section.
Source note: This article includes information reported by The Real Deal New York.
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