Roger's Park/West Roger's park

[Conrad Legé]

Hi, 

Does anyone have any experience with condos or multi-family properties in the Roger's Park neighborhood of Chicago? I am considering putting an offer on a place with plans on utilizing as a vacation rental. The plan is to live in the unit while renting out one of the rooms on AirBnB and other home sharing websites. I've ran the numbers on the property assuming it will be a long-term rental just in case HOA changes there bylaws in the future (HOA is currently not opposed to rentals under 30 days). This would be my first property. Any insight you can offer is welcomed and appreciated.

Thank you,

Conrad

[Victor So]

Hey Conrad!

I am currently renting out a room through airbnb in Edgewater, which is the adjacent town south of Roger’s Park. It’s been awesome for me thus far. There is a demand in our area on airbnb due to Loyola University and Northwestern University nearby. Therefore, I have parents, siblings and significant others of students who book my place a lot. I would make sure to find a location where public transportation is readily accessible since many tourists want to get to downtown. Parking would be helpful too. Make sure to do your due diligence and see what similar rooms are renting out for in your area.

Hope this helps!

Victor