Building an apartment building!

[Shane Collins]

I found a beautiful plot of land in northern Kentucky with an amazing view of the city, this question is super generic and depends on a lot of factors but:

how much does it cost to build a 3 story 5000sq ft building that's not a killer for insurance with balconies?!

Does anyone have any success building like this?

I know the big companies usually swoop up this kind of land and offer custom homes but I think a nice apartment building could work I'm just not sure about the math.

Any other advice?!