logo image

Oak Park, Illinois

Regulations >
Illinois >
Oak Park

Want to see how Oak Park compares to other top cities in Illinois?  Explore all city regulations in Illinois. →

B

Oak Park, IL

Generally Investor Friendly

Local STR Agent

Local STR Agent

Oak Park STR Expert
Oak Park, Illinois skyline

STR Regulations for Oak Park, Illinois

Short‑term rentals are allowed in Oak Park, but they must be licensed, inspected, and operated in compliance with Village Ordinance 21‑54. The ordinance took effect June 1 2022 and treats every STR operation as a regular business within the Village.


1. Eligibility & Property Types

  • Permitted dwelling types – single‑family residences, townhomes, condominiums, and rooming‑house dwelling units.
  • The property may be owner‑occupied or non‑owner‑occupied; the licensing classification reflects the owner‑occupancy status.
  • All STR units must be residential (i.e., not a commercial hotel or motel).

2. License Classifications, Fees & Taxes

| Classification | Who qualifies | Annual License Fee* | Required Taxes | |----------------|----------------|--------------------|----------------| | Owner‑Occupied / Resident | Owner lives in the unit as primary residence. | $100 | 4 % Village Hotel Tax (local) | | Non‑Owner‑Occupied / Resident | Owner does not live in the unit but is a Village resident. | $250 | 4 % Village Hotel Tax | | Non‑Owner‑Occupied / Non‑Resident | Owner lives outside Oak Park. | $350 | 4 % Village Hotel Tax |

* A $50 application fee is added to all new business‑license applications, including STR licenses.

State‑level tax note: Illinois imposes the Hotel Operators’ Occupation Tax (HOOT) at 5 % of gross receipts on lodging businesses that exceed the $12,500 annual gross‑receipts threshold. This tax is collected by the Illinois Department of Revenue and is separate from the Village’s 4 % tax.


3. How to Launch an STR in Oak Park

| Step | Action | Details / Links | |------|--------|-----------------| | 1. Verify Zoning & Property Suitability | Confirm the property is a permitted residential dwelling type. | No separate permit is required unless structural changes are made. | | 2. Register on the Village View Portal | Create an account at <villageview.oak-park.us/CityViewPortal>. | • Click “Register.”<br>• Follow the step‑by‑step instructions (see PDF “Instructions – Short‑Term Rental License”). | | 3. Complete the STR Application | In the portal, navigate to Licensing → Business, Rental & Short‑Term Rental Applications and fill out the form. | Required fields include:<br>• Business owner info (name, mailing address, contact numbers).<br>• 24‑hour emergency contact (mandatory).<br>• Property location (only one location per license).<br>• License classification (Owner‑Occupied/Resident, Non‑Owner‑Occupied/Resident, or Non‑Owner‑Occupied/Non‑Resident). | | 4. Upload Required Documents | • Proof of homeowner’s (or landlord’s) liability insurance.<br>• Any additional documentation requested by the portal. | Use the Upload Files step; the portal will prompt you for the insurance proof. | | 5. Pay Fees | Application fee ($50) + license fee (as per classification). | Payment is made online through the portal. | | 6. Schedule & Pass Inspection | After submission, a Village property‑maintenance inspector contacts you to set up an on‑site inspection. | The inspection covers fire‑safety, health, and code‑compliance items (see STR Inspection Checklist PDF). | | 7. License Issuance & Display | Upon passing inspection, the Village issues a Short‑Term Rental License. | The license must be displayed in the front entrance area of the rental unit. | | 8. Ongoing Compliance | • Renew annually via the portal.<br>• File and remit the 4 % Village Hotel Tax (quarterly or per Village schedule).<br>• Keep the license visibly posted at all times. | Renewal instructions are sent via email from the Business Services office. |


4. Required Documents, Permits & Approvals

| Document / Permit | Purpose | When to Submit | |-------------------|---------|----------------| | Village View Portal Account | Access to the online licensing system. | Before application. | | Business License Application (STR) | Grants the legal right to operate. | After portal registration. | | Proof of Homeowner’s / Landlord’s Insurance | Demonstrates liability coverage for the unit. | Upload during application. | | 24‑Hour Emergency Contact Information | Required for rapid response. | Enter on the “Additional Contacts” page of the application. | | Property‑Maintenance Inspection | Confirms compliance with fire‑safety, health, and building codes. | Scheduled after application submission. | | License Display | Evidence of legal operation for guests and inspectors. | Immediately upon issuance (visible at front entrance). | | Hotel‑Tax Remittance (4 % Village) | Municipal tax on gross receipts. | Quarterly or as per Village’s tax‑remittance schedule. | | State‑Level HOOT Filing (if applicable) | State tax on gross receipts >$12,500. | Annually to IL Dept. of Revenue. |


5. Key Regulatory Requirements (Ordinance 21‑54)

| Requirement | Summary | |-------------|---------| | Maximum Occupancy | The ordinance caps occupancy based on the dwelling’s size and safety‑code standards (exact numbers are set in the inspection checklist). | | Parking | One off‑street parking space per rental unit is required; additional guest parking must follow Village parking rules. | | Minimum Rental Period | Minimum stay is one night ( Ordinance does not impose a longer minimum). | | **Host Insurance

What do Airbnb hosts actually earn in Oak Park?

Oak Park hosts earn a median $33,719/year with $177 ADR and 65% occupancy.

Top performers pull in $46,064+ per year.

See the full Oak Park market breakdown →

Next step

Found a property in Oak Park?

Paste any address and get estimated revenue, cash-on-cash return, and comparable STR performance in under 5 minutes. 3 free analyses per day.

Ask the AI Advisor about Oak Park →

Free brief

Get the free Oak Park STR Investment Brief

Revenue data, top neighborhoods, seasonal trends, and the key regulations for Oak Park, Illinois in one email.

Oak Park

Market Saturation Score

036912
Mild Saturation
3/ 12
months with declining YoY revenue
2–4 declining months: early saturation pressure - watch for trend persistence.
View Full Oak Park Market Analysis →

Photos of Oak Park

Overview of Oak Park

Oak Park, Illinois, is a suburban city located approximately 10 miles west of Chicago's downtown. With a population of around 54,000 people, Oak Park is known for its rich architectural history, cultural attractions, and vibrant community life. The city is a popular destination for short-term rentals due to its close proximity to Chicago and its unique local charm.

Rich in architectural significance, Oak Park is famous for its Frank Lloyd Wright Historic District, which includes numerous homes and structures designed by the renowned architect. Visitors can tour the Frank Lloyd Wright Home and Studio (flwright.org/visit/homeandstudio), a major landmark that showcases his early work and creative genius.

Additionally, Oak Park is home to the Ernest Hemingway Birthplace and Museum (www.hemingwaybirthplace.com/), where the celebrated author's early life and influences are explored. Another key attraction is the Oak Park Conservatory, (www.pdop.org/oak-park-conservatory/) which features an array of exotic plants and educational programs.

The city's downtown area offers a variety of dining, shopping, and entertainment options, including the Lake Theatre (www.classiccinemas.com/theatre/lake-theatre), a classic movie theater that has been a staple since 1936.

For those seeking outdoor activities, the village boasts several parks, including the expansive Scoville Park (www.pdop.org/parks/scoville-park/), which features a playground, tennis courts, and a War Memorial.

Given its convenient location near Chicago and its diverse array of attractions, Oak Park is an appealing option for short-term rentals, providing a quieter, scenic alternative while still offering easy access to the bustling city life of Chicago.

Want to know if a property in Oak Park is a good investment?

Enter an address to get instant revenue potential and comps.

startup landing logo

Copyright © 2026 HomeRun Analytics, Inc

Explore

HomeCountry ExplorerProperty Analyzer

Resources

Market ComparatorRegulationsBlog

Trusted by STR investors in 50+ U.S. states

Built by investors, for investors

STRProfitMap® is a registered trademark of HomeRun Analytics, Inc