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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
The building at 320 West Oakdale is representative of the apartment building boom in Chicago, Illinois in the 1950s and 1960s. Milton M. Schwartz served as the building's architect, contractor, and developer, and the building was his first major design. As such, he had complete control over the creative direction of the building, and so was ...
Dearborn was the first Chicago housing project built after World War II, as housing for blacks on part of the Federal Street slum within the "black belt". [3] It was the start of the Chicago Housing Authority's post-war use of high-rise buildings to accommodate more units at a lower overall cost, [6] and when it opened in 1950, the first to have elevators.
For example, in Chicago 81% of the SRO housing stock disappeared between 1960 and 1980. [13] Since the early 1970s, the supply of SRO spaces did not meet the demand in US cities. [10] In 1970, newspapers in the US wrote about an "SRO [supply] crisis". [10] Downtown SRO hotels offer few and possibly no rooms to rent to tourists. [10]
New York City, Chicago and other cities have introduced restrictions on short-term rentals, though regulation is not always strictly enforced. [15] The City of Portland, for example, does not allow rentals of less than 30 days in residential zones but according to local vacation property managers such as Vacasa , the average guest stays 3-10 ...
1000M is an apartment complex in the Historic Michigan Boulevard District portion of Michigan Avenue in the Chicago Loop. Designed by Helmut Jahn and Kara Mann, the building is a 73-story, 832-foot (253.6 m) tall tower located at 1000 South Michigan Avenue .
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