Home Selling in 60201>Question Details

Carol Worster, Both Buyer and Seller in 60201

Splitting a garden apartment into 2 pieces of property

Asked by Carol Worster, 60201 Fri Oct 24, 2008

I have a ground floor (garden) apartment in Evanston, IL, that, because of its layout, could be split into 2 separate pieces of real estate. Assuming my condo association approves of this, what would be involved legally in creating a new piece of property, and how much should I expect to pay in legal fees to create a new piece of real estate?

Help the community by answering this question:

Answers

3
Attorney Ranj Mohip’s answer
A new condo survey will need to be done and an amendment to the declaration will have to be signed and recorded. We usually charge less than $2,000 to do this.

Attorney Ranj Mohip is a Chicago real estate attorney. The information in this answer is general information and is not intended as legal advice. Further, answering this question or otherwise contributing as a member of Trulia.com does not create an attorney-client relationship. Remember, consult the best real estate attorney in Chicago or in your respective area.
1 vote Thank Flag Link Sat May 28, 2011
Carol,
I would consider how much of a project it would be to get past that first hurdle of the condo association approval. This would be considerable expense to the homeowner association, because it would involve a change to the condominium declaration, the percentages of ownership for each owner, etc that is all recorded with the Cook County officialdom. And all that is assuming that you could get the required number of homeowners to approve that change to the declaration. And the changing of the declaration and guiding the recording of the amended documents would by necessity involve an attorney's help, which means legal fees for the association. It would be an interesting conversation for you to have with your Board of Directors at the least, to discuss the possibility of taking on this project. Good luck! And let me know how that works out for you. Being a condo Board member and officer in multiple condos over many years, my interest is piqued with your idea. :-)
0 votes Thank Flag Link Thu Jan 7, 2010
Carol, I'm really not sure. This would be a question better suited for a local real estate attorney, as there would be some legal issues to consider.

I'm sure they would be happy to give you a brief response, and outline of what might need to be addressed without incurring any costs.

good luck.
0 votes Thank Flag Link Sat Nov 21, 2009
Alan May, Real Estate Pro in Evanston, IL
MVP'08
Contact
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer