Hi Jeanne, looks like you may already have this info, but: https://www.chicago.gov/dam/ci...I would look for an architect or historical consultant first, though if you look for an architect, check their residential historical work history to see if they've done something similar to what you need.

I am looking at a property that has " RD-15 Residential single family and duplex/medium density " zoning.

Just curious, it takes a while to gain traction and momentum in this business on the residential side, but results do come quickly.

Hi Community-I have 2.35 acres of land that is zoned residential.

Also, homes have a different kind of finish out and commercial GCs are on a completely different level than residential GCs.

Speaking in terms of residential lending, the property must pass appraisal in order to receive funding.

Are you doing a residential or commercial loan for the property?

However, if a property's equity has a higher and better use as @Ian Waters mentioned, I have sold to roll funds into other properties for downpayments or rehab costs. 1031 would be appealing for a residential to commercial upgrade!

I would suggest looking at your cash flow and cap rate (this one is only 6%, most residential property investors that I have talked to usually shoot for closer to 10%).

As a real estate agent, I check out every residential income property that hits the market.