Chicago Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago on . Most recent reply

Chicago Granny Flats | ADU Ordinances | Update on Restrictions
Leave it to Chicago to make things even more difficult! Man, I don't see how the city should have ANY right to decide whom I rent MY unit out to in MY own home. We're not talking about a condo unit. Nope, a single family home that I own and decide to build a coach house on the lot. Yet I cannot rent it out on Airbnb or other rental sites? WHYYYYYY CHICAGO?! How is this even OK? https://www.illinoispolicy.org...
Most Popular Reply

Externalities. Your neighbors didn't sign up to live next to a hotel, they expect either another homeowner or a long-term renter. The increased traffic and rowdy behavior of vacationers and other short-term transients imposes costs (direct, indirect, and quality of life) on your neighbors.
That's WHYYYYYY.
That's WHYYYYYY.