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Updated almost 5 years ago,

John Hurlbut's profile image
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John Hurlbut
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  • Member since Jul 5, 2019
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John Hurlbut
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  • Member since Jul 5, 2019
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John Hurlbut
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Buying & Selling Real Estate

Buying Property in Illinois - Chicago - What do I need to know?

John Hurlbut
Pro Member
Posted

Does anyone own property in Illinois? Chicago specifically? 

We are buying our first rental there and wondering if there are any fees I need to be aware of on an ongoing basis above and beyond property management/property taxes, etc.? 

Is rent subject to state income tax? 

Other required municipality fees on an ongoing basis?

Anything I should know really? Thanks in advance!

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