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Raising the Rent

As expected, developer Antheus Capital will be jacking up the rent at the old Sutherland Hotel. Apartments in the historic North Kenwood building, which Antheus is rehabbing, have been kept low by a Chicago Low-Income Trust Fund. When work is finished, rent will increase by $200 to $500 per apartment on all but 25 of the units. [Lakefront Outlook]