Chicago Chabad House Goes on Auction Block
The Lubavitch Chabad House in Chicago is going on the auction block.
The foreclosed building on North Dearborn Avenue will be auctioned off Wednesday, according to the Chicago Tribune.
Seven years ago, Chabad sought to build a state-of-the-art center at Chestnut and Clark streets, on Chicago’s so-called “Gold Coast,” and used its building on North Dearborn as collateral to the bank on the $4.9 million loan.
Following the economic downturn, donations for Chabad took a hit and the organization was unable to finance its loan on the new property.
The Chabad House has served as a residence, classroom and a place to stop for Jewish travelers on visits to Chicago.
A message from our CEO & publisher Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
We’ve set a goal to raise $260,000 by December 31. That’s an ambitious goal, but one that will give us the resources we need to invest in the high quality news, opinion, analysis and cultural coverage that isn’t available anywhere else.
If you feel inspired to make an impact, now is the time to give something back. Join us as a member at your most generous level.
— Rachel Fishman Feddersen, Publisher and CEO