Everything on this page comes from filings in First Bank of Highland Park v. The Fulton Building, LLC; Michael P. Federow; Unknown Owners, Cook County Chancery No. 2025 CH 10558. Anyone can pull the docket from the Clerk of the Circuit Court of Cook County.
A $2,450,000 loan taken on the building in September 2020 matured in September 2025 and was not paid. The lender filed to foreclose in October 2025. In its filings the owner's own answer acknowledges the loan and the default. On August 28, 2026 the court appointed a receiver over the owner's objection; per the receiver's tenant notice, rent is directed to the receiver — not the owner.
$2,450,000 loan, note, mortgage, assignment of rents, and personal guaranty executed.
The note matured; it was not paid.
First Bank of Highland Park filed the foreclosure complaint (No. 2025 CH 10558).
The bank petitioned to appoint a receiver.
The court appointed a receiver (Daniel J. Hyman, Millennium Properties R/E, Inc.) over the owner's objection.
Daniel J. Hyman, Millennium Properties R/E, Inc., appointed by the court. Millennium is the property manager acting for the receiver.
From the receiver's Aug 31, 2026 tenant letter:
Daniel J. Hyman, as Receiver — Case No. 2025 CH 10558
c/o Millennium Properties R/E, Inc., 40 East Huron, Suite 700D, Chicago, IL 60611
Pay by check or money order, on or before the 1st, and write your address and unit on it.
Receiver / management contact: bldgsupport@mpirealestate.com · 312-338-3015
Tenants: verify any change in where rent is paid against a court order or the receiver's own written notice — never on word of mouth. Do not pay twice; get written confirmation your payment is credited.