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Updated about 4 years ago,
Illegal 4th unit Chicago Suburbs
Long time forum creeper and first time poster! I'm under contract to purchase a triplex in chicago's western suburbs (Forest Park). This property has an "illegal" 4th unit that once fixed up can rent for $700 - $900 per month. Does anyone have experience or thoughts on renting out an illegal fourth unit? Risks, downsides, etc? Thanks!