I woud like to to Buying a Property in Chicago for Airbnb.

I woud like to to Buying a Property in Chicago for Airbnb.

I would like some ideas on properties to purchase. Condos near Millenium Park or Townhomes near South Prairie Disctrict. Problem is that i need help from the community if finding addresses that are already compliant with the  condo and townhome association. Does anyone have some ideas?

Please advise and thank you,

Marty

2 Replies 2
Marcy42
Level 1
Chicago, IL

Here's a list of buildings that ban Airbnb. As for condo associations, I'm not sure if there is a comprehensive list (I've never seen one) as each condo dec is unique.

Tetiana12
Level 2
Stryi, Ukraine

Being a real estate broker and investor, I have helped a client buy a few Airbnb's in Chicago. He does very well with them in the spring/summer, but the only ones that truly make money in the fall/winter are ones located in prime vacation spots (loop, Gold Coast, Wrigley). Unfortunately, people coming to Chicago don't know what jeff park, portage park or anything that far NW is. Check out this base https://fodyo.com/ . Pretty decent real estate platform