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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 .
Marshall Field Garden Apartments is located on 1450 North Sedgwick in Chicago, Illinois 60610. Marshall Field Gardens Apartments is a populated place located in Cook County at a latitude of 41.908 and longitude -87.639. The elevation is 594 feet. Marshall Field Garden Apartments appears on the Chicago Loop U.S. Geological Survey Map.
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 ...
SRO units are the least expensive form of non-subsidized rental housing, with median rents even in New York City ranging from $450 to $705 per month. [7]: 117 SROs may constitute a form of affordable housing, in some cases for formerly or otherwise homeless individuals. [8] The term is primarily used in Canada and US.
Axis Apartments is a sixty-story high rise apartment tower in downtown Chicago, Illinois, United States. Designed by Skidmore, Owings & Merrill , it was completed in 1986 as Onterie Center . The name was a conflation of "Ontario" and "Erie", the streets at its two entrances.
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]
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