Also, is your company using a software management system that you can economically get and upload your existing info or will you need to rebuild that part accounting.

Asheville has been working on many projects here lately, and I will list some of them now; A Biltmore development plan, 360 HIlliard Development - affordable and mixed income community, city hall elevators, Dearview community center, looking to rebuild/replace the electric substation in downtown, Haywood st, Jake Rusher Park, Linwood Community Center, Magnolia Park, Mtn Side Park/Memorial Stadium/Oakhurst Park refurbishments and repairs, onsite solar power for facilities across the county, outdoor dining on public street initiatives, playground renovations, Richmond Hill Park, Splashville is getting some needed refurbishments, Tempie Avery Community Center, Vermont Ave Sidewalks. 

My budget only allows under 250k, which puts me in demolish and rebuild range or condo range.

 We are rebuilding our Kansas City list.

I know of fires in MF and they had the correct insurance (Vs any insurance) that paid for rebuild and lost revenue. 

There are simple ones where a repaint and recarpet is all thats needed, all the way to a complete knock down and rebuild from the foundation up.

Have a two flat in suburb of Chicago.  Thinking of complete tear down and constructing four flat with enclosed garage on ground level. Never done this before. Need advise.
Thank you

Well Abandonment Log - N/ACertificate of Occupancy - N/A (not rebuilding for years)Inspections - $500 (guess)Asbestos Removal Training Program (possible) - $625 - $1,250Misc. other - $100 (guess)Rentals Dumpster - Assumed two 40 yard dumpsters for 2 weeks each at $600 = $2,400Excavator - two days at $600 = $1,200Misc.

Because you are not rebuilding the structure (the condo association is most likely responsible for that) the amount of coverage you need will be much less than the market price of the condo.I don't recommend estimating the insured value with a "20%" valuation, but for you to actually come up with construction costs to replace the kitchen, bath, trim, doors carpet, etc.  

So take into consideration the level of finishes you have and what it would take to rebuild the inside.This vale usually ends up being much less than the market value.