Updated about 4 years ago on . Most recent reply
AirDNA Accuracy in Chicago
Hi all, I am closing on a 2 unit building next week. The first floor will be used as loft for my business. The second floor has an 1,800sqft 3 bed 2 bath unit. I am debating doing a standard rental (I think I can get over $1,500 for it) or doing an AirBnB. I know the laws are a pain in the city but part of it is to learn more about running STR's so I can buy them elsewhere.
Anyways, I looked up predictions on AirDNA and also what AirBnB suggests for a price and they recommend $90 a night with a 60% occupancy. That seems low to me so I am hoping someone else might have had experience with it.
The building is West Ridge (Rogers Park Area)