|We're helping a client find a rental and viewed a two bedroom rental listing at 3721 North Damen in North Center with a rent price of $1,200 a month. It was a low price for the size and location so we set the expectation condition would be rough!
Audubon school district on the high-end. 82 three bedroom units have rented for a median monthly price of $2,395.
|This one bedroom unit featured a back deck area over looking a huge yard and garden. Outdoor space is a deal maker for me.
It's a little more of the "Wild West" when trying to track down rentals off the MLS. There are of course a large percentage of rentals that are not listed in the MLS. Much more than for sale units. Units for rent are offered in many ways; Third party rental sites, by leasing and management companies and directly by owners with a sign out in front of the property.
Some owners/ managers are very professional and use the proper rental leases and forms in accordance with the Chicago Residential Lanlord and Tenant Ordinance. Some situations offer terrible communication, use "bait and switch" rental listings or do not provide proper documentation. When helping clients find a rental we treat it the same as buying or selling units.
We explain all the options and show any available unit we can access for our clients. We have a network of landlords that privately own buildings and don't list on the MLS (we don't get paid on many of these referrals). Professionally listed units typically offer a co-commission to the broker bringing a qualified tenant (how we get paid).