Short-term rentals in new apartment buildings via Airbnb

by Joe Zekas on 12/26/13

Crain’s Chicago Business recently reported that Airbnb has been quietly growing its presence in Chicago, and currently has about 200 local listings available.

I sampled a few of those listings and was surprised to see several in apartment buildings that have recently opened for occupancy. One of the listings misrepresents the building as a condominium and another misstates the neighborhood the building is in, perhaps because – as Crain’s notes – most of the Airbnb rentals violate one or more city ordinances regulating short-term rentals.

You might be tempted to try on the lifestyle in one of the new buildings with a short-term rental via Airbnb. Be aware, however, that the building’s lease with your prospective host doesn’t allow that arrangement, and you might be faced with a last-minute cancellation.

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