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Housing Bulletin

Housing Bulletin - Real-Estate Agent Parking Permits

Posted Apr 18, 2007 at 06:47 AM
By By Chicago magazine

For people whose job demands that they park all over the city, there may be nothing more frustrating than hunting for a parking space in a permit-zoned Chicago neighborhood. A potential solution to that problem isn't working-most likely because of tinkering by city hall.

Permit-zone parking started on the Northwest Side in 1979 in the neighborhood around Northeastern Illinois University, an innovative way to stop students from swiping all the on-street parking from local residents. Permit zones have since proliferated, and now Chicago has at least 1,300 different zones.

For more than a decade, real-estate agents working in the city have complained that they can't park near the houses that their clients want to see-so over the past year the Chicago Association of Realtors (CAR) helped arrange a special pass: an all-zones permit, paid for by agents, that allows them to park in any zone between 9 a.m. and 9 p.m.

But after critics said the agents didn't deserve that special privilege, Mayor Richard M. Daley cut the hours on the pass to 9:30 am to 6 p.m. Trouble is, "most homebuyers are only free to look at houses after work," says Brian Bernardoni, director of governmental affairs for CAR. ‘After work' would typically mean after 6 p.m.-when the all-zone permits no longer apply.

The result: six weeks after the permits first became available, the office of Miguel del Valle, the city clerk, reports that only 32 people have paid the $300 for an all-zones permit (the pass is also available to home health-care workers). There are at least 11,000 real-estate agents in Chicago; if the pass had included the evening hours, Bernardoni estimates that something like 3,000 agents would have bought them by now.

So don't blame your real-estate agent the next time you have to walk several blocks to see a house. After all, the agent can't very well include a $100 parking ticket in your closing costs.

Posted in Housing Bulletin | Permalink

 
 

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About This Blog

Deal Estate: The Blog is the online extension of Chicago magazine’s monthly “Deal Estate” column, which is written by Dennis Rodkin. On the blog, Rodkin—who has been covering the local housing scene for Chicago since 1991—provides timely updates on new homes to hit the market, recent high-end sales, and other residential real-estate news from the city and suburbs.

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