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Chicago ADU ordinance
An ordinance was introduced this week to re-legalize the construction of new "accessory dwelling units" on existing Chicago properties. This includes coach houses and basement & attic units, which could be added without zoning changes to properties zoned RS-3, RT-3.5, RT-4, RM-4.5, RM-5, RM-5.5, RM-6 or RM-6.5.
If this passes and goes into effect in August, it would open up exciting possibilities for affordable housing supply and owners looking to add value to their current properties.
Chicago investors, what would you build?