Gut rehab - Chicago northside (Edgewater) 2 flat

[Brian Kasper]

Hi all - 

Looking for some insight on the estimated costs of gutting a traditional Chicago two-flat.  It's about 2600 feet, each 3 bedroom/1 bath units.  Will need new HVAC, new electric, new plumbing, new walls/configuration, and possibly dig out to create duplex down (two-level unit) or 3rd legal unit.  Just trying to get a rough idea on costs, either cost per SF or estimated unit reno.  We'd live in one unit and rent out the remaining unit(s). 

[Brie Schmidt]

@Brian Kasper - depending on finishes estimate $50k-$70k per floor for interior work.  Basement dig is $30k just to dig if you don't need to underpin the footings, $50k if you do.