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Updated over 2 years ago,
Subdividing Property Parcel
Does anyone know what the process is to split a property parcel into two?
The property has one tax ID but two 3-unit buildings each with their own address on different streets (the property lies on a corner lot). Could unlock a ton of value if they were two 3-flats instead of one 6-unit building.
Curious if anyone has any experience dividing an individual parcel into multiple (in Chicago in my instance but open to any and all experiences).
Thanks!
Reed