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General Landlording & Rental Properties

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Michelle Bright
  • Realtor
  • Chicago, IL
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137
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Leasing a parking spot in Chicago

Michelle Bright
  • Realtor
  • Chicago, IL
Posted Sep 18 2019, 20:26

Hey Chicago! My husband and I are moving out of our three flat soon and want to rent out each of our garage spaces. We plan on offering them for rent to the tenants that we have in the building first but if they do not want to pay for them we will market them to the neighborhood. The big question is what do we charge for each parking spot? It would be in a garage off our alley. We live in the Hermosa neighborhood (60641) not relatively near a train stop. We’re thinking $100 a spot a month especially since winter is approaching. What do you think? What do you charge? Thank you for your help in advance!

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