Finding the right parking in Streeterville can feel like a puzzle. You want a spot that fits your routine, your budget, and how you use your car. In this guide, you’ll learn the real differences between monthly garage passes, valet options, and deeded or assigned condo parking, plus what each typically costs and the rules to know before you commit. Let’s dive in.
Streeterville parking at a glance
Streeterville sits inside Chicago’s metered on-street network and is surrounded by full-service garages and hotel valets. Your choice usually comes down to three things: access (24/7 in and out vs limited hours), cost, and ownership (deeded unit vs assigned vs leased monthly). For short visits, the city’s meters through ParkChicago are often simplest. For daily use, monthly garages or a condo space are more reliable.
On-street meters: best for short stays
On-street metered parking is managed in the ParkChicago app. You can see block-by-block rates, check predicted availability, and extend time from your phone through ParkChicago. City guidance shows typical rates of about $2.50 per hour outside the core, $4.75 in the Central Business District, and $7.00 in the Loop, with some blocks differing by zone. You should always check the posted meter sign or confirm the exact rate in the app, which aligns with the City’s hourly parking rates.
Monthly garage parking: flexible access and pricing
Private garages offer a wide range of monthly plans near Streeterville. You can choose 24/7 reserved access, evenings and weekends only, or overnight plans. Marketplace snapshots show Streeterville monthly options ranging roughly from $100 to $400+ per month depending on access, covered or heated space, and amenities like EV charging. Check live listings to compare current deals and features on platforms like Spacer’s Streeterville monthly page.
What to compare before you sign:
- Access hours: 24/7 in and out vs limited windows.
- Reserved vs unreserved and the garage’s height limit.
- EV charging, guest options, and cancellation terms.
- Security, lighting, and proximity to your home.
Valet parking: convenience for visitors and special occasions
Valet is common at hotels, restaurants, and some residential buildings. In Streeterville, posted daily or overnight valet rates often start around the mid-teens and can exceed $50, with hotel and event days costing more. For residents, in-building monthly valet is usually priced above self-park options. For day or evening comparisons, browse current garage and valet listings around Streeterville on SpotHero’s Streeterville page.
Deeded vs assigned condo parking: know your rights
In Streeterville condos, parking can be structured in two main ways:
- Deeded parking is its own condominium unit with a separate deed and Property Index Number (PIN). It has its own tax bill and can usually be bought and sold independently. Learn more about how deeded spaces are held and transferred from this overview by Chicago Closings.
- Assigned or limited common element parking is reserved for a particular condo unit by the building’s declaration. It generally transfers with the unit and is governed by association rules. Boards may have powers over assignment and procedures. See this discussion of association control from CooperatorNews.
If you are considering a condo with parking, confirm what you are getting in writing. Check the deed, the condo declaration, and whether the space has a separate PIN. You can look up a sample PIN format and tax details through the Cook County Assessor. Deeded space sale prices in Streeterville vary widely based on building and location. Local listings often show ranges from about $26,000 to $75,000 for individual spaces, with top buildings at the higher end, as seen in examples on Streeterville Realty’s site.
Choosing the right fit
- You commute most days or park overnight regularly: a monthly garage pass usually balances cost and reliability.
- You are buying a condo and want long-term control or resale flexibility: a deeded space may make sense.
- You are a frequent host or use your car occasionally: valet or daily garage can be convenient without a monthly commitment.
- You are running quick errands or dining out: on-street meters through ParkChicago are simple and often cheaper for short stays.
Costs and taxes to plan for
- On-street meters: see live block rates in ParkChicago and the City’s rate guidance.
- Daily and valet: Streeterville drive-up and valet rates commonly start around the low teens to mid-$30s for non-overnight, with higher prices for overnight and hotels. Check current options on SpotHero.
- Monthly garage passes: representative ranges run about $100 to $400+ per month, varying by access and amenities, per Spacer’s Streeterville listings.
- Taxes: Illinois imposes a Parking Excise Tax of 6 percent on daily and 9 percent on monthly paid parking. Residential off-street parking provided in a condo agreement between an association and a unit owner is generally exempt. If you rent a space to the public or use a marketplace, registration and remittance may apply. Review the state guidance at the Illinois Department of Revenue.
Avoid tickets, booting, and towing
Streeterville parking rules are actively enforced. Always read meter and curb signage for hours, loading zones, and street-sweeping schedules. Vehicles with multiple unpaid final determinations are at risk of immobilization and tow, and fees add up quickly. You can review violation types, fines, and payment options through the City’s Department of Finance parking violations page.
A calm, concierge plan for your move
If you are buying or selling in Streeterville, parking can shape everyday life and long-term value. I help you confirm exactly what a listing includes, review building materials for deeded vs assigned parking, verify PIN and tax details, and compare monthly options nearby so your parking plan fits your lifestyle. When you are ready to make your Streeterville move, reach out to Colby Price for boutique, hospitality-level guidance.
FAQs
How much is monthly parking in Streeterville?
- Expect roughly $100 to $400+ per month depending on access, amenities, and location, based on marketplace snapshots like Spacer’s Streeterville listings.
What is the difference between deeded and assigned condo parking?
- Deeded spaces are separate condo units with their own PIN and tax bill, while assigned or limited common element spaces transfer with the unit and are governed by the association, per Chicago Closings and CooperatorNews.
Are Streeterville hotel valet and daily garages expensive?
- Many daily or evening options start around the low teens to mid-$30s, with overnight and hotel valet often higher; check current rates on SpotHero’s Streeterville page.
Do I owe Illinois Parking Excise Tax if I rent my condo space?
- The tax is 6 percent for short-term and 9 percent for monthly paid parking, but residential off-street parking provided in a condo agreement to a unit owner is generally exempt; see the Illinois Department of Revenue.
How do I confirm a parking space has its own PIN and tax bill?
- Check the deed for the parking unit, then verify the PIN and assessment details using the Cook County Assessor’s lookup.
