Short term rentals in Chicago (AirBNB Ordinance)

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Short term rentals in Chicago (AirBNB Ordinance)

Olga Shkolnikova
Investor · New York City, NY · Member since 2014 · 23 posts · 13 votes

HI, closing on a 4-fam in Chicago and thought about having one of the apartments listed on AirBNB - is there a documents where all of rules are outlined?  Was not able to find anything outlined in the same place.  

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Landon Vowels
Architect · Chicago, IL · Member since 2021 · 12 posts · 28 votes
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Hi Olga, congrats on the 4-unit. I came across this article (dated July, 2021) that sums up some rules. It's not an official City document but might be a good place to start. Also, see the resources listed on the Airbnb website for Chicago. I believe they try to give you as much information as they can to help get you set up.

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  • Andrew FreedBusiness Member
    Investor · Worcester, MA · Member since 2020 · 1k+ posts · 1k+ votes
    4y

    Hi Olga. It seems you have some regulations to follow if you plan on Airbnbing in Chicago. See link below:

    https://www.domu.com/blog/airb...

    Best of luck!

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  • Landon Vowels
    Architect · Chicago, IL · Member since 2021 · 12 posts · 28 votes
    4y

    Hi Olga, congrats on the 4-unit. I came across this article (dated July, 2021) that sums up some rules. It's not an official City document but might be a good place to start. Also, see the resources listed on the Airbnb website for Chicago. I believe they try to give you as much information as they can to help get you set up.

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  • Olga Shkolnikova
    OP
    Investor · New York City, NY · Member since 2014 · 23 posts · 13 votes
    4y

    From talks with other operators, I gather there are a lot more rules than outlined by the mentioned articles 

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  • Keerthi Korivi
    Member since 2021 · 3 posts · 1 vote
    4y

    Hi Olga,

    Congrats on your purchase. I am also interested in the multi families in Chicago Area. What are some areas you suggest looking at for STR/long term rentals. Would you mind sharing some details on your purchase and also the purchase price?

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  • Jonathan KlemmBusiness Member
    Moderator
    Contractor · Chicago, IL · Member since 2016 · 4k+ posts · 2k+ votes
    4y

    @Olga Shkolnikova - Congrats on your recent purchase!  That's awesome.  What neighborhood of Chicago is your building in?

    Chicago actually has quite a few regulations for AirBnB from this help center link you can sort through most of them (https://www.airbnb.com/help/ar...).  If you were living in the building it's quite simple to get an Airbnb, but if not there a quite a few more hoops to jump through.  

    I believe you will have to apply for an operator's license and then there is about a 12 question questionnaire that you have to fill to get approved before you will be issued a registration number.

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  • John Clark
    Member since 2018 · 1k+ posts · 1k+ votes
    4y
    Check with the alderman's office. In my ward, for example, all short term rentals are forbidden, period. Find out what the alderman says first.
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  • Michael K.
    Investor · Chicago, IL · Member since 2018 · 352 posts · 176 votes
    4y

    @Olga Shkolnikova, I will try to help. What ward is your property in? There has been recently been some pushback around O'hare and Midway as hotels have been complaining that it is taking away their business at the same time as they are experiencing huge losses due to COVID-19.  

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