Using a 203k to convert a basement

[Dan Worontzoff]

Has anyone used the 203k loan to turn a duplex into a triplex by converting the basement into a legal apartment? I’m specifically looking in the Queens/Long Island area of New York. Assume the basement is more than half above grade. I see some properties listed that have a “finished” basement with a separate entrance but think they might need significant work to make them legally habitable. Thanks. Any advice is appreciated.