Does anyone have experience with zoning? I'm looking at a property that is listed as a 2 flat; however when I went on the chicago zoning website, the zoning class is B3-1 which does not make sense since there is no retail currently. The property class is 2-11 which indicates 2 -6 unit apartment buildings.
I'm looking to use an FHA loan so the zoning will impact how much money I am able to borrow.
Would appreciate any advice or tips or where to confirm this information. Thank you!
@Andrew Fink - the zoning map was created well after everything was built. Everything is considered grandfathered in to their current zoning unless you alter it then it must be done to the new zoning. You should received a zoning cert as a 2 unit
Thanks @Brie Schmidt . Appreciate the response. So basically, if I pull permits to rehab it, then I will have to put retail on the first floor to adhere to the new zoning map?
@Andrew Fink the whole zoning question is very complicated. My attorney basically told me there is no way to know zoning without pulling a zoning cert. In a perfect world you would be able to jump online and know everything, but in reality the process is pretty archaic. What Brie was referencing was if you do something that loses you the grandfathered zoning status. With all of these older properties, if they go vacant long enough or if they burn down or are destroyed then you lose your grandfathered zoning and would have to conform the modern zoning status. Just doing a renovation or pulling a permit doesn't necessarily trigger it though.
Thanks @John Warren . Very helpful! I will ask the seller for the zoning certificate before moving further.