With Chicago's new Express Permit Program, it's a bit easier to get permits for work that would have previously required architectural drawings. 

Converting your condo into an investment property and transferring it into an LLC is a smart move for liability protection.You’re correct that retitling the property involves Chicago’s transfer tax, which can be substantial.

You are in the right place to connect with other investors here in the Chicago area.

Originally posted by Alison Robinson:Hello all,I am in immediate need of a Commercial/Residential Property Management Company representing owner-landlords on the South side of Chicago.

It’s definitely exciting to see suburban Chicago getting recognition as a hot rental market—it’s something I’ve noticed in my own experience as well.

I am from the Chicago area and looking to purchase my first property in the next 3-6 months. 

NW Chicago is very expensive as a rental.

In Chicago you request a CHA Burden sheet and that gross number minus utility allowance will be what you get in addition to making sure bedroom size is adequate.  

Welcome to Chicago and excited to have you as part of our real estate community!

It is definitely a bit more tricky on an investment property, but it can for sure be done.What area of Chicago is the property in?