Is having an air BNB in Chicago worth it?

[Soniel Estime]

Finishing up on a renovation for my first duplex, My wife and I were thinking of renting out our top unit as a regular long term rental. We would live in the 1st floor unit, but we were thinking of renting out our basement as an Air BNB. We will be living in the south side of Chicago just a few min away from midway airport. I’m wondering how difficult it is to set up Air BNB in Chicago. I have read a few article about new laws that have been put in place by the city that makes the process much harder. Has anyone done this and how was your experience been before and after the new laws were passed?