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Is the city doing anything about the clear issues with "illegal" units and an outdated zoning map that costs thousands to apply for adjustments?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

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