All Forum Posts by: Seb Ko

What's your opportunity cost for waiting? ADU zone expansion is not certain, and even then who knows what the rules will be (owner-occupied requirement, etc). If you are comfortable with the rezone process I would look at this, and perhaps you can still ADU in future after the rezone. My 2 cents.

Hi does anyone have experience with providing direct STR stays (so not through Airbnb or VRBO) and charging, collecting, and remitting the local Chicago hotel tax? What does that process look like? How often are remittances, where does one remit, etc?

Anyone familar with listing an Airbnb listing in last few months? Are there additional primary residence requirements such as homeowners exemption required, or anyone know if this is coming down the line?

Hi everyone, does anyone have experience putting through an ADU for an already completed unit. I've read that this is allowable, but that city will check to see if all work has been done correctly, pull permits, etc. Does anyone have first hand experience with this?

 Hi Reed, isn't the risk always on the insurance side? Where they would not cover a claim if there is an illegal unit?

 Hi Noah, any further update to this? Did you end up finalizing and getting it legal?

Hi there, does anyone have experience going through the ADU pilot process end-to-end? Does the City inspect the entire property to make sure it is up to code or just the ADU area of the building?

Illinois

Hi everyone, wanted to see what your experience has been with home insurance costs. I own a 2-unit primary residence in Lakeview and premiums have doubled in 1 year from ~3200 to ~6500. I have 0 claims - this is strictly due to "inflation protection and rate revisions in IL". My bundled auto insurance went up 60% to 1600 (0 claims, same reasons). Wondering what others here are seeing and if anyone has recommendations for home insurance companies covered 2 units. 

Thank you both for the responses!