Can I donate property in Chicago with code violations?
Yes! It is possible to donate property in Chicago with code violations. However, it may involve some additional steps. The Urban Renewal Project has made every step easier for donors and recipients.
The Urban Renewal Project staff has diligently checked qualified 501(c)(3) charity organizations that accept property donations, even if the property has unresolved issues; however, full disclosure of any code violations is essential during the donation process.
If you’re looking to relieve yourself of a property with code violations while contributing to a good cause, the Urban Renewal Project is here to help, at no cost to you or the charitable organization.
Donate Chicago Property with Code Violations: A Path to Giving Back and Moving Forward
By donating time and resources, the Urban Renewal Project assists the donor and recipient charity organization throughout the donation process. Here’s how they help:
Accepting Properties As-Is: We have identified qualified charitable organizations that accept properties in various conditions, including those with code violations, back taxes, or significant repair needs.
Professional Assistance: We manage all the paperwork and legalities, making the process stress-free for the donor.
Covering Costs: We handle typical costs and fees to transfer ownership from donor to donee, except donor legal fees, ensuring the donation process is free for the donor.
However, a real estate donor is required to hire an appraiser. According to IRS guidelines, if the value of the donated property exceeds $5,000, a certified appraiser must conduct a qualified appraisal. This appraisal is necessary to substantiate the fair market value of the property for tax deduction purposes. The appraiser must meet specific qualifications and follow IRS standards to ensure the appraisal is valid.
Our approach helps individuals unburden themselves from problematic properties and supports charitable organizations in the community.
We would be pleased to answer any questions.
(312) 957-4951