The stair faces the yard, and it's not within 6' of an adjacent property.I found the code section.CHICAGO CODES 13-200-260 Porches and Decks Existing porches and decks may be repaired or replaced in the same location with construction of the same type as that of the existing porch or deck. (1) Existing porches not exceeding three stories in height may be extended up one story to the roof level regardless of their location with respect to the lot line or other buildings on the same lot, if in conformance with the Zoning Ordinance. (2) Existing porches may be enclosed, regardless of their location with respect to the lot line or other buildings on the same lot, if construction requirements of Chapter 13-60 are met.

Several other custom homes have already been built 1 street over & 3 or 4 more are currently under construction.

So for us moving on to Apartments , and New construction made more sense.

I really only do it with my bizz partners to show them new construction homes we have built and my wife has listed..

New construction might make more sense.

Regulate less of that degree with emphasis in real estate I felt more comfortable in the construction business.

Grew up in a commercial construction family business in ND.

I would like to do at least a gut out rehab, or something that will cost 100-150k in construction cost to create enough sweat equity and bring down ARV and bring up profit.My question is, how easy can you sell a property when it came from REO or have foundation issues?

Basements are never included in the insurance rebuild cost.Regarding the premium question, it depends on the age and construction of the building.  

I am from Chicago, I have a construction company which 90% of our work is for investors so its still into the flipping and rental business.