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Short Term Rental News and Ideas

Chicago

About:

Chicago, the most populous city in Illinois, is a dynamic hub of finance, culture, and commerce located on the shores of Lake Michigan. Incorporated in 1837, it rapidly grew from its origins as a trading post into a bustling metropolis renowned for its contributions to architecture and urban planning. Known as the ‘Windy City’, Chicago is famous for its vibrant arts scene, world-class museums, and diverse music genres, including jazz and blues. With a rich history and a robust economy, it continues to attract millions of visitors each year.

Population:

2746388

Annual Visitors:

Total Number of STRs:

86

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Number of 1bd:

12

Number of 2bd:

43

Number of 3bd:

19

Number of 4bd:

3

Number of 5bd+:

3

ADR:

140

Occupancy:

0.66666666666667

Avg Revenue:

2086

Rental Demand:

68.29

AVG Accommodates:

5.3

Chicago STR Regulations

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Short-Term Rental Market Overview

The short-term rental space is changing fast—and the most successful investors aren’t guessing. They’re using real data to find the right markets, price their properties effectively, and stay ahead of shifting trends.

Whether you’re evaluating a new opportunity or optimizing an existing listing, understanding local STR performance is key. From occupancy rates to projected revenue, these insights can give you a serious edge.

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