The New Regal Theater — the 86-year-old South Side showplace that is one of the city's finest remaining examples of vintage movie palace architecture — is for sale. Asking price: $100,000.
A city landmark, the theater is being sold by the Federal Deposit Insurance Corporation which took ownership in 2011 after the bank holding the building's mortgage failed.
An FDIC spokesman said the New Regal, 1645 E. 79th St., had been under contract for $99,000, but the deal fell through and the theater has been placed back on the market.
The FDIC is responsible for the big building's upkeep — a motivating factor behind the cut-rate price. Chicago's U.S. Equities is handling the listing, but representatives from the company did not return phone calls seeking comment.
The New Regal has been closed since 2010 and faces some big-ticket repairs.