Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Paul Garcia
0
Votes |
1
Posts

Chicago ADU - Initial Design

Paul Garcia
Posted

Hi All,

In 2021 I purchased a 3-unit building in Lincoln Square that sits in an ADU pilot area. As I'm sure most have realized, with a maximum 700 SF for a coach house, the potential rent vs cost does not work out for most. I did a deep dive the other day and think I came up with a more viable design for my situation. I have experience with renovating but not with new construction so hoping someone with more experience could weigh in a bit.

Property: zoned RS3, 100 years old, with a lot size of 35x160. Approximately 75 feet from rear of main building to rear property line. Currently large 3 car garage in rear.

Design: 

-First I would demolish the garage and replace it with a parking pad. Meeting the requirement not to remove existing parking but also removing the garage from the 60% accessory limit. (I think).

-Build a 1-story coach house that 1) includes a finished basement and 2) maxes out the 22 foot tall limit. I don't believe basements are included in living square feet. Down the line I could, off the record, build out a second story as the building should have adequate interior height if the full 22 feet are used...

This could result in a much larger unit, maybe ~1,900 SF. I think this would be a great alternative to a single-family home and demand top rent. Potential ~4,000 rent vs ~275,000 cost. I'm sure a building like this was not what was originally thought of for the ADU program, but I believe it meets the requirements. Does anyone with more experience think this idea is in the realm of possibility to be approved by the city?

Thanks!

Loading replies...