9501 W. 144th Place, Suite 205, Orland Park, IL 60462
Call Us708-448-8141
Sosin, Arnold & Schoenbeck Ltd.
9501 W. 144th Place, Suite 205, Orland Park, IL 60462
Call Us708-448-8141

Orland Park Real Estate Zoning AttorneyIn the popular classic board game Monopoly, the rules are simple; buy real estate properties and profit from rent collected on those properties. If you can corner the market, you will be in a position to raise rents. If you fall into a perilous financial position, you can mortgage a property in exchange for liquid cash when it is a more pressing need than equity. 

It is both surprising and amusing that is this basic set of rules, learned by children at kitchen tables from generation to generation, is often among the earliest financial knowledge acquired. We learn about property values, rents, mortgages from the game, but notice that there are no rules pertaining to the zoning of real estate. That element of real estate ventures has already been taken care, evidently, with the board’s properties, from low-rent to high-rise, already ready for business.  

Monopoly is a fun game, and it arguably even contains some helpful lessons and basic truths, but in real life, real estate is vastly more complex. It is precisely because of this complexity that you must diligently work and plan to comply with every applicable zoning law and other regulations with regard to real estate business ventures.

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