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Belmont-sheffield Trust And Savings Bank Building




When the building was first completed, it held the Belmont-Sheffield Trust and Savings Bank, the Montfield Hotel (address 3146 N. Sheffield) and offices. However, the bank closed on June 24, 1932, due to financial difficulty following the Great Depression . The bank portion of the building then remained vacant until World War II , when local ration board 40-46 took over the space. The building also housed the Lake View Citizens' Council in the 1950s.

It struggled with vacancy until 1984, when a developer received a federal loan to convert the Montfield Hotel into 54 apartments, maintaining stores on the ground floor. The building was sold again to another developer and converted into Loft Condos in 2005.


REFERENCES

  • "Bank at Belmont and Sheffield Gets New Home". (Nov. 18, 1928). ''Chicago Tribune'', p. B1.

  • "4 City Project Given Rehabilitation Funds". (March 30, 1984). ''Chicago Tribune'', p. A7.

  • "Rationing Board Takes over Old Bank Building". (Jan. 24, 1943). ''Chicago Tribune'', p. N1.

  • "Plan $850,000 Building for Belmont Ave." (June 10, 1927). ''Chicago Tribune'', p. 30.

  • "Central Mfg. District Bank to Pay 22 Pct." (Dec. 21, 1934). ''Chicago Tribune'', pg. 37.