Ensure you use a Chicago Association of Realtors Deeded Parking Purchase and Sale Contract. 🏘️ Popular Areas for Parking Investment
Deeded spots are separate real estate, often owning a specific PIN (Permanent Index Number), whereas assigned spots are leased through the association. buy parking space chicago
Renting out a deeded spot can generate high-yield income. Ensure you use a Chicago Association of Realtors
Very high demand due to lack of street parking. especially turning radius in tight garages
Purchasing a deeded spot can range heavily by location, often appearing on LoopNet .
Check the physical space, especially turning radius in tight garages, and proximity to elevators.