Under state legislation supported by new Cook County Assessor Fritz Kaegi, owners of most income-producing property would have to submit data showing the property’s income. Farms, small apartment buildings, and select other properties would be excluded.
Get a sense of where the Opportunity Zones in Chicago are, and see how MAPS can help investors, Opportunity Fund managers, architects, and developers find and assess suitable investment properties.
Standpipe rules have changed for mid-rise buildings in Chicago permitted after February 1, 2019.
Chicago’s City Council adopted a new rule for vacant building owners. In addition to registering, owners of unsecured vacant buildings must provide 24-hour security. Read the whole post to see what other regulations apply to vacant buildings.
The Zoning Board of Appeals hears zoning application appeals, requests for variations from the zoning code, and requests for a special use permit. One of the most commonly granted variations is for changes in a property’s required setbacks. Mayor Emanuel recently replaced two members of the ZBA.
Emanuel introduced a package of ethics reforms at January’s City Council meeting. One of them would require that the Zoning Committee vote on all rezoning applications, so that none of them could sit indefinitely.
Once again, Chicago has a Department of Housing, to promote home ownership, expand affordable housing opportunities, and more. Read about which sections and staff have moved from the Department of Planning & Development to the Department of Housing.
New rules for Chicago’s TOD ordinance extend the areas for parking reductions and density bonuses to properties within 1/4 mile of selected bus route corridors.
Six “Pedestrian Streets” were extended or added in 2018, which has beneficial implications for property owners, while also preserving the walkability of business districts.
A new Chicago law defines “demolition by neglect” for landmarked buildings and buildings in landmark districts. Demolition by neglect occurs when a building owner doesn’t maintain the building to the point where it becomes an imminent danger and has to be demolished.