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STR617
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8370 S Baltimore Ave, Chicago, Illinois 60617
$
2600
Bedrooms
6
Utilities Included
No
Bathrooms
3
Furnished
No
Available to Lease on
ASAP
Property Type
Single Family
SQFT
1184
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Key metrics
Rent
$
2,600
Monthly Estimated Profit?
$
3,400
Annual Estimated Profit?
$
40,800
Acquisition Fee
$
2,500
Security Deposit
$
2,600
Average Daily Rate
$
$381
Occupancy
52%
Annual Revenue
$
72,000
Key Features

This luxuriously rehabbed single-family residence is located at 8370 S Baltimore Ave in the South Chicago neighborhood of Chicago, Illinois. Offering a versatile 6-bedroom, 3-bathroom floor plan across 1,184 sq ft, this home has been completely updated to blend modern high-end finishes with practical city living.

The interior is filled with natural light and features central air, 30-inch white shaker-style kitchen cabinets, granite countertops, and premium stainless steel appliances. The spa-inspired bathrooms are equipped with a jacuzzi tub and a shower spa panel, while the main living areas boast a chef faucet and dedicated laundry hookups. Located in a quiet residential area, this property is just minutes from local parks and offers easy access to the city's major transit routes, making it an ideal candidate for corporate housing or high-capacity short-term rentals.

Property Features

  • Gourmet Kitchen: White shaker cabinets, granite countertops, and a chef faucet.
  • Spa Amenities: Features a jacuzzi tub and a professional shower spa panel.
  • Modern Rehab: New stainless steel appliances and full central air conditioning.
  • Convenient Logistics: Includes laundry hookups and off-street parking for two cars.
  • Permitted Area: Located in a zone that supports diverse housing models including voucher-based luxury living.

STR Regulations Summary:  

Status:
Mixed

View Regulations Here

Chicago, Illinois has specific regulations for non-owner occupied short-term rentals (STRs) as of February 2025:Licensing Requirements:

  • Non-owner occupied STRs are classified as vacation rentals in Chicago.
  • Operators must obtain a Vacation Rental License from the city4.
  • The license application process involves property inspection, zoning compliance verification, and providing contact information for a responsible agent4.

Location Restrictions:

  • In buildings with fewer than five units, vacation rentals are generally not allowed unless they are the host's primary residence7.
  • Buildings with five or more units may have more flexibility for non-owner occupied STRs7.

Operational Requirements:

  • Properties must pass inspections to ensure compliance with health, safety, and building code requirements4.
  • Operators must secure commercial general liability insurance with a minimum coverage of $1,000,0003.
  • A local contact person must be designated for prompt issue resolution4.
  • Occupancy limits are imposed based on property size and number of bedrooms4.

Taxes and Fees:

  • Hosts are responsible for collecting and remitting certain taxes directly to Chicago4.
  • License fees vary, with an annual fee of $250 per unit as of 20225.

Compliance and Renewal:

  • Licenses typically need to be renewed annually5.
  • Ongoing compliance with Chicago's ordinances regarding noise, occupancy, and safety is mandatory2

Property Location

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