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Updated 5 months ago on . Most recent reply

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Ali Farhat
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Can someone guide me how to obtain license to convert basement into apartment?

Ali Farhat
Posted

Hello,

I have a basement that is 1700 sqftin a multi unit building . Basement unit fits 3 bed 2 baths. Building sits on a corner and all basement windows are above ground. It is a beautiful place I bought a few years ago and want to invest in the basement to then flip the building. Can someone guide me where to apply and obtain a license to build this basement unit to an official unit with its address, electric, and other amenities?

Thanks

Most Popular Reply

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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,056
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6,015
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@Ali Farhat adding a basement unit starts with a great architect and a great GC. It is an expensive project, and probably only pencils if you have a 6 figure budget... this isn't what most investors want to hear though. You will quickly learn about footings, water service replacement, electrical load calculations, and a bunch of things you don't know about. 

This topic comes up a decent amount here in Chicago because of the amount of grandfathered in "non-conforming" units. The amount it costs to "do it right" normally makes new garden units cost prohibitive. 

  • John Warren
  • Loading replies...