Home Buying in 60660>Question Details

Newtochitown, Home Buyer in 60657

Could anyone help with an estimate of how much it would cost to convert a two flat to a single family home in?

Asked by Newtochitown, 60657 Tue Jun 3, 2008

Andersonville? We are looking at a greystone two flat that needs a gut rehab. It needs:
- new electrical and pipes
- new heat and AC system
- new kitchen (looking to put about $35,000 into cabinets, and applicances)
- two new bathrooms upstairs
- a powder room downstairs
- moving three walls upstairs

I have seen an estimate online that suggests $50-75 per square foot for a gut rehab. The place is 2600 square feet. Is 2600*75 or $195,000 a reasonable estimate?

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Answers

6
I'm an agent who has helped other people through these types of projects and am beginning a similar one of my own. I would say that your $195,000 should cover the first and second floor, provided you don't go crazy with finishes.

However, depending on your situation, the costs of finishing a basement can vary greatly. It might be possible to nicely refinish a basement for as little as $50,000 provided you have a good clean slate to work with. Consider the following:

1) What is the ceiling height in the basement? If you need to dig down to add to the ceiling height, this will add considerably to your costs. Depending on your foundation, going down further may not even be possible. If it is, this will be a worth while expense if you can afford it. Of course, if you have a tall basement, you're lucky.

2) What about the basement plumbing? Does the plumbing stack exit the building below the floor of the basement. If so, you're in pretty good again. If not, you'll have install the hardware necessary to "flush up," which is very expensive.

I hope this helps
1 vote Thank Flag Link Tue Jun 3, 2008
Contact a licensed Architect who is also an architect, self certified with the City of Chicago.
We are doing one right now on Kimball, also another on Noble. Veyr familiar with this type of project and have good crews ready to go.

over 25 years experience.

Call Van Tomaras, Design 21 Inc. 1016 W. madison, Chicago, Il. 13129289999,
We look forward to working on this with you.
0 votes Thank Flag Link Fri Jun 4, 2010
Hi
I'm Jim Johnson's son-in-law, I'm a General Contractor in Chicago and would be more than happy
to meet you and give you a quote or just help you out with some suggestions.
my cell is 773 699 3851
take care
Roy
0 votes Thank Flag Link Sun Jun 15, 2008
Probably a good place to start is clicking the following link:

http://www.nahb.org/page.aspx/category/sectionID=126

Best of luck, Ken.
Web Reference: http://www.KDRchicago.com
0 votes Thank Flag Link Sat Jun 7, 2008
I can't answer your questions, but my son-in-law is a contractor in your area who specializes in just what you are looking for. His contact info and info about his work is on his Web site at:

http://buildinghorizonsinc.com/
0 votes Thank Flag Link Tue Jun 3, 2008
The cost to convert a two flat can vary greatly depending upon the quality of the finishes and the extent of the work done. My husband is a general contractor and has completed six of these projects in St. Ben's area over the past several years. You are welcome to contact him for more detailed information. Call Bob at 773 251-5624. The company name is Home On Time, Inc.
0 votes Thank Flag Link Tue Jun 3, 2008
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