Cost of a tear down?

[Maureen Campbell]

I was wondering if anyone has ballpark figures on how much it costs to tear down a property? I have seen several vacant lots going for substantially higher prices than similar sized lots with homes on them in some areas. Just curious what the costs would range (assuming no asbestos or other major environmental hazard)?

[Gilbert Dominguez]

If you budget around $30K you should be able to get most tear downs in and around Chicago. Sometimes its best if you just buy an empty lot but other times it may prove advantageous to do a remodel leaving the foundation and one wall up. Just depends but I am sure you will be able to work it all out based on what you want to do with a property.