Plus, very important to understand the new layout and how the dig down will effect the existing stairs, plumbing, etc.Happy to connect and talk through your specific situation because @Bruce Woodruff mentioned every project is different and know one price fits all espeically with these complex jobs.Where at in Chicago is your building?

I have helped several investors recently acquire single family homes around the $400K price point that rent in the $2,200-$2,350 range.

With a purchase price of $250k, your rent is WAY too low!

And with those proceeds, what price range would you be targeting for the residential or self-storage rental properties?

And at what nominal price compared to the $24mil they paid in 2019? 

The relatively low price tag and day 1 cash flow prospects are enticing.

Unfortunately, my work phone is forwarded to my cell phone as I mainly work from home due to health issues. 

Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.

Shelby Park is getting a facelift from many investors (myself included) and Smoketown is the next neighborhood in line if you're looking for an affordable price point with future growth.

Gain is your net sales price minus your adjusted cost basis (purchase price plus capital improvements minus depreciation).