There is no rent control in Chicago, therefore the landlord can charge whatever he/she wants as long as someone is willing to pay.
Let me know if you would like a FREE rental market comparison for your building/area.
Quality Mortgage Lending
RATED A+ WITH THE BBB
*We do Conventional loans down to a 620 score
*We do FHA loans down to a 580 score
*We do USDA loans down to a 620 score (no money down)
*We do $100 down payment FHA program
*Unlimited Loan To Value refinances on Fannie/Freddie refinances (only on loans originated before May 31st 2009
*We do VA loans down to a 620 score
*We give free counseling on what needs to be done to improve your credit score.
*We do 203k loans down to a 620 score
*We do reverse mortgages
*We do JUMBO loans to 12 million
Chicago has no rent control. At the end of 30 days prior to your lease ending your landlord can send you a letter asking you if you want to renew your lease as well as inform you of any increase he or she wants. You are than left with the choice to resign and pay the increase or move.
Places like New York have rent control laws.
Sohail A. Salahuddin | Founder and Team Leader
Innovative Property Consultants Group | Sales and Leasing
Jameson Sothebyâ€™s International Realty
425 W. North Ave. | Chicago, IL 60610
O: 312.335.3230 | C: 312.437.7799 | F: 847.805.6030
"Extraordinary Service For Extraordinary Lives"