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Updated 19 minutes ago on . Most recent reply

What to do with a Chicago granny/in-law/basement unit?
I've got a basement unit which has adequate ceiling height, lighting, egress, kitchen, bath and bedroom with light and closet. It's however connected to the building meter that I pay. That tenant which I inherited with purchasing the building is leaving, so what options am I left with?
Airbnb? Continue to rent out - but at what risk/liability? It's not in the ADU zone and not sure how much more time can be spent waiting. It could be duplexed down - but the investment return isn't there.
Looking for shared experience with this gray area.
Most Popular Reply

- Real Estate Broker
- Cody, WY
- 41,130
- Votes |
- 28,112
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You shouldn't have any problem renting a basement apartment in an owner-occupied property. I'm curious why you didn't investigate this during the purchase? Call the zoning office and anonymously pose your question, and it won't be a "grey area" any more.
- Nathan Gesner
