“Fast Eddie” sells his condo collection

In July 1983, it was announced that 33 Marina City condominium units would be sold by four investors, including 10th ward Alderman Edward “Fast Eddie” Vrdolyak.

Vrdolyak had purchased 50 units from Charles Swibel in 1978, reportedly at “bargain basement” prices. It was a controversial deal at the time because it happened on the day before the city council approved the condo conversion.

Most of the units to be auctioned on July 10 belonged to Vrdolyak.

Market values in 1983 were estimated at $59,500 to $150,000 for the studio, one-bedroom, and two-bedroom units.