Chicago | Buy Parking Spot

: Even if you own the spot, you will likely pay a monthly assessment fee to the condo association for garage maintenance, which can range from roughly $50 to $100+ . You are also responsible for annual property taxes on the deeded space.

: Spaces in areas like the West Loop or South Loop often fall in the $20,000 to $35,000 range. buy parking spot chicago

: Outside the central business district, you can find active listings for as low as $20,000 in neighborhoods like Uptown or Rogers Park. Key Considerations for Buyers : Even if you own the spot, you

: Use standardized legal documents such as the IL CAR Deeded Parking Purchase and Sale Contract to formalize the deal. Where to Find Listings : Outside the central business district, you can

Prices for individual deeded spots vary significantly by neighborhood and amenities (e.g., heated vs. outdoor):