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Updated over 3 years ago, 09/16/2021

User Stats

22
Posts
21
Votes
Hemang S.
Pro Member
  • Investor
  • Chicago
21
Votes |
22
Posts

Rezoning to Add a Unit

Hemang S.
Pro Member
  • Investor
  • Chicago
Posted
Hi all. I am under contract on a Chicago property that has 3 cashflowing units but the zoning cert says it is only a 2-unit + commercial space (which has been turned into a 3rd unit. It is zoned RT-4). I am wondering what the rezoning process is like and any advice you have from that front. If rezoning is just time consuming, I imagine a price reduction on this property would make it worthwhile. Thanks for your help and tips in advance!
  • Hemang S.
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