Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Chicago Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

13
Posts
10
Votes
Mark Rustin
  • Chicago, IL
10
Votes |
13
Posts

Chicago Has Thousands of Illegal Units!

Mark Rustin
  • Chicago, IL
Posted

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Is the city doing anything about the clear issues with "illegal" units and an outdated zoning map that costs thousands to apply for adjustments?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

Most Popular Reply

User Stats

386
Posts
218
Votes
Nick Patterson
  • Real Estate Agent
  • Chicago, IL
218
Votes |
386
Posts
Nick Patterson
  • Real Estate Agent
  • Chicago, IL
Replied

It's all self policing. If your neighbor calls you in to the city expect a visit.

However with the right zoning attorney it can all get straightened out as long as the no. Confirming unit is up to code (ceiling height, proper exits, permits, etc...)

If you need a referral for the right attorney let me know

Loading replies...