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Updated almost 10 years ago,
new construction-- how to proceed in the initial stages?
I've found a single family home in a market in Chicago that is definitely on the ups. The house is a total dump, but the area is perfect (I've researched this area extensively and have been searching for a while) and the property itself is zoned for 4 units.
There is strong potential for this property, but I need to figure out if it would be profitable for me to pursue. How can I figure out what it would cost to build a 4 unit building on this land? Also, who must I meet with in order to ensure that what I want to build is up to code/ legal? Is there one person I might meet with, that would be able to act as consultant in this process? If so, how is this person paid/ what is reasonable for them to charge?
Any help the forum might provide would be greatly appreciated-- thank you!
Melissa