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Updated 30 days ago on . Most recent reply
Must Live in 2-4 unit to rent?!
Hi everyone,
Looking for help in better understanding Chicago's ST regulations on 2-4 story units. Is it true that even if one owns the entire multiplex, they can only STR if they occupy one of the units? That would really be something else! If so, has anyone found an alternative path for STR in their multiplex?
Much appreciated,
J
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
As far as I know @Jessica Aldakar, you will have to reside on site in order to STR the others.
Several other members have had issues even when living in another unit. They were not able to get the licenses in order to rent the others.
If you already own the building, I would look at the longer term short term stay. Over 30 days. Know as mid term rentals. If the area is good for that, close to hospitals, universities etc. it might work.
Otherwise do the LTR in those and move on.