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INLAND REAL ESTATE v. OAK PARK BANK

No. 81-2531.

127 Ill. App.3d 535 (1983)

469 N.E.2d 204

INLAND REAL ESTATE CORPORATION, Plaintiff and Counterdefendant and Third-Party Plaintiff-Appellant and Cross-Appellee, v. OAK PARK TRUST AND SAVINGS BANK, Trustee, et al., Defendants (Hans Seifert et al., Defendants and Counterplaintiffs-Appellees and Cross-Appellants; and Thomas C. Hynes, Cook County Assessor, et al., Third-Party Defendants-Appellees).

Appellate Court of Illinois — First District (3d Division).

Modified on denial of rehearing October 15, 1984.

Attorney(s) appearing for the Case

Theodore A. Shapero and Thomas F. Geselbracht, both of Rudnick & Wolfe, of Chicago, for appellant.

Joseph B. Platt, of Chicago, for appellees Hans Seifert, Eleonore Seifert, and Oak Park Trust and Savings Bank.

Richard M. Daley, State's Attorney, of Chicago (Jane Clark Casey and Bruce R. Meckler, Assistant State's Attorneys, of counsel), for appellees Thomas C. Hynes and Edward J. Rosewell.

Affirmed in part, and reversed in part and remanded.

JUSTICE WHITE delivered the opinion of the court:

This case involves interests in real property located at 229 Marengo Street in Forest Park. In 1970, this land and a 63-unit apartment building located thereon were owned by Stanley K. DeFurgalski and Brenda DeFurgalski, his wife. On December 19, 1972, Stanley DeFurgalski entered into a written agreement with Dr. Hans Seifert and Ronald Rynes whereby DeFurgalski...

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