All Forum Posts by: Louis A.

Quote from @Louis A.:

Quote from @Brandon Brown:

I am considering switching to a heat pump with an electric heat strip for supplemental heating in our two-flat building, with plans to add a third unit in the future. Currently, we have a 200-amp service to the building, split into two 100-amp main panels for each unit. I'm concerned that the combined load of heat pumps and ancillary heat strips, along with other appliances, might exceed the 100-amp capacity during winter.

As part of our future plans to add a third unit and separate the utilities, we intend to install two additional meters: one for common areas and one for the new unit. I am looking for insights from anyone who has recently upgraded their electric service in Chicago. Specifically, I'm curious about the cost and process involved.

I'm considering upgrading to a 400-amp service, which I believe could be divided into two 125-amp panels, one 100-amp panel, and one 50-amp panel or some other combination. From what I've read, some electric providers might not charge for the new service upgrade itself, but adding the meters, connecting the upgraded service and adding/updating panels would require an electrician, which would incur costs.

If anyone has experience with this type of electrical service upgrade, particularly in Chicago, I would appreciate your advice and any information on costs and the process involved.

 Just curious if you moved forward on this project. If so, appreciate if you would indicate the actual cost for your project.

Hi Louis, No I did not move forward with this as it was cost prohibitive for the moment. I did have one electrician come and quote it out for about 12k but that didn't include the permits or any costs related to ComEd. So the quotes others have mentioned I assume are pretty close to what it might actually cost.

I am considering switching to a heat pump with an electric heat strip for supplemental heating in our two-flat building, with plans to add a third unit in the future. Currently, we have a 200-amp service to the building, split into two 100-amp main panels for each unit. I'm concerned that the combined load of heat pumps and ancillary heat strips, along with other appliances, might exceed the 100-amp capacity during winter.

As part of our future plans to add a third unit and separate the utilities, we intend to install two additional meters: one for common areas and one for the new unit. I am looking for insights from anyone who has recently upgraded their electric service in Chicago. Specifically, I'm curious about the cost and process involved.

I'm considering upgrading to a 400-amp service, which I believe could be divided into two 125-amp panels, one 100-amp panel, and one 50-amp panel or some other combination. From what I've read, some electric providers might not charge for the new service upgrade itself, but adding the meters, connecting the upgraded service and adding/updating panels would require an electrician, which would incur costs.

If anyone has experience with this type of electrical service upgrade, particularly in Chicago, I would appreciate your advice and any information on costs and the process involved.

Your LLC's GL policy is the first line of defense, the LLC's Umbrella is the second, the LLC is the third. As Ty said above holding each property in its own LLC limits liability significantly, however it can be difficult to manage and maintain the corporate vail by keeping each LLC's finances separate.

@Louis A. welcome to 2024. It is the worst this year! The only insurance companies in the game for the stuff we are doing in Berwyn and Cicero seems to be Distinguished programs through Zurich, a little bit of Honeycomb and Greater New York. My insurance broker has shopped this stuff around, but there was a huge contraction in the amount of places that will cover apartments this year. 

Also, the prices are going up roughly 20-30% across the board. Same as you, I have never made a claim.

My market isn't too far from you. St. Louis. Have you tried Shelter Insurance?