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Updated over 3 years ago,

Andy Nathan's profile image
Andy Nathan's profile image
Andy Nathan
Contractors
  • Rental Property Investor
  • from Chicago, IL
  • Member since Oct 5, 2019
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User Stats

199
Posts
118
Votes
Andy Nathan's profile image
Andy Nathan's profile image
Andy Nathan
Contractors
  • Rental Property Investor
  • from Chicago, IL
  • Member since Oct 5, 2019
Connect
Andy Nathan
  • Rental Property Investor
  • Chicago, IL
118
Votes |
199
Posts
Tax, SDIRAs & Cost Segregation

SFR Property Classification and Zoning

Andy Nathan
  • Rental Property Investor
  • Chicago, IL
Posted

We have a property under contract in Chicago. The property is classified by the county as a residential property. We had a hard money lender reject the loan because the area is classified as C-1 (commercial). How do different governing bodies classify this differently (bad government jokes ahead)? Would the zoning fall under the county because it is the higher governing body?

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