When you get mad about the prices and the bidding wars...
This is what/who you should be mad at: https://www.zillow.com/homedetails/5643-N-Glenwood-Ave-Chicago-IL-60660/2134054636_zpid/
I'm seeing so many of these pop up. This was at least 3, maybe 4 large apartments with multiple bedrooms and sunrooms and then a developer scooped it up and turned it into one house that's completely out of reach except for the mega rich (not to mention absurdly larger than anyone ever needs). All the while, housing stock shrinks for every one of us who can't afford $2.5 million single-family homes.
Last summer, I tried to buy a multi-flat I could owner occupy but I had to give up because the asking prices were utterly delusional and I had no chance of getting anything against these developers who happily pay all cash at or above ask for buildings so they can just do this. We should all be knocking down doors to get our alders and the legislature to do something to stop this.