Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago, 08/29/2020

User Stats

1
Posts
0
Votes

Buying single family home zoned as multi unit

Nathan Calabrese
Posted

We are under contract for a SFH in Chicago. But during attorney review it was found that the sellers bought it 5 years ago when it was 3 units, and converted it to one big SFH. They got permits for electrical, plumbing, and moving walls, but never got a deconversion permit. We're told they probably never did this because it would raise property taxes. Our appraisal came back as a SFH and we are cleared to close. We are fine leaving the zoning alone, but our only concern is that if in the future we have to get a deconversion permit, or the city finds out we have a SFH where a MU is zoned, will we have to pay back taxes? The lot is zoned as RS-3. Thank you!

Loading replies...