Chicago Has Thousands of Illegal Units!

[Mark Rustin]

Hey Everyone,

Hundreds of properties in Chicago get bought and sold every year with illegal units. 

Are they safe investments? 

Should we as investors purchase property with illegal units?

Has anyone gotten burned by the city requiring de-conversion of an illegal unit? 

Has anyone had trouble selling their property because of an illegal unit?

Is the city doing anything about the clear issues with "illegal" units and an outdated zoning map that costs thousands to apply for adjustments?

Chicago has a unique position with this matter, the rules of other cities don't seem to apply the same way here. Please share your advice and experiences!