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Tenant Opportunity to Purchase Ordinance
Below is a list of the most up-to-date materials we have around the ordinance affecting the greater Avondale, Logan Square, and Humboldt Park neighborhoods.
Links to Materials
This is a summary of the effects that will be put into place March 1st, 2025
The legal filing from the City of Chicago in its entirety
Changes that were made to the ordinance once concerns were raised by the public and professionals
Summary
This is an egregious enactment of power by our alderpeople. While the intentions are undoubtedly good, very little thought went into the actual implementation of this and the logistical nightmare it will cause.
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The delays in marketing your property, finding a buyer, and getting that buyer to remain interested through the process will undoubtedly lead to lost opportunity and suboptimal sales prices once this takes effect on March 1st.