Chicago Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Cost for converting a 2 unit to a 3 unit
I'm looking at lots of 2 flats in the western suburbs, and was wondering what people's experiences have been with legally converting 2 units to 3. Several of the buildings I've looked at have a basement unit that someone clearly lived in- kitchen, bathroom, etc. However, most only have one exterior door. What is the approximate cost of excavating a second door to bring the place up to fire code and dealing with the village? Has it been worth it for people who have done it? Thanks for any help.