The only caution with vinyl is the potential for rocks to put holes in it from mowing/snow-blowing and for grills to melt it - if you allow grills. (The grill situation happened on a duplex we built years ago.) From a construction perspective, I would recommend a Hardiplank siding or its equivalent (fiber cement, etc.) for tenant situations if you are going with traditional siding. It is a little more expensive initially and requires painting every few years but is much more durable in the long run.
Concur with @Josh R. Dunwoody on the Hardiplank. Materials are about 1.5X more expensive than vinyl or T1-11 and will also cost about 1.5X for labor, but the stuff lasts forever, and is dang near bullet proof.
We are looking to replace the vinyl siding on our 3-story 2 flat in Chicago and have gotten it down to between Hardiplank or vinyl, waiting on getting quotes back now.
What is currently on there? I have a home with the old particle board stuff called Masonite. I am working with my local LineX dealer to see if you can spray truck bed lining on it. It would seal it and make it darn near indestructible. Granted there are draw backs, but it is cheaper than replacing it.
We are looking to replace the vinyl siding on our 3-story 2 flat in Chicago and have gotten it down to between Hardiplank or vinyl, waiting on getting quotes back now.
I just replaced all the siding on a flip in Chicago. Hardie was only about 2k more than vinyl for a 2800sf house, so well worth it in my opinion.
We have received 1 quote so far, waiting on 2 more. The quote was $18k for vinyl and $32k for Hardie. @Account Closed do you mind sharing who you used for the siding?