Chicago : Webinar about the Northwest Side Preservation Ordinance

[Brie Schmidt]

The City of Chicago's Northwest Side Housing Preservation Ordinance raises demolition fees and gives tenants of rental the right of first refusal before ta property can be sold. This delays transactions and limits potential buyers.

Since the implementation of the ordinance on March 1st, real estate practitioners in the affected area have experienced significant challenges in marketing rental properties, from rental condos to multifamily buildings.

· What's the current status of the ordinance?

· How are real estate owners and investors managing its impact?

· What aspects of the ordinance remain unclear?

· Could it expand to other parts of the city?

Join us for an informative discussion with five experts in the industry.