Electrical wiring help (3 flat building)

[Tyrell Townsend]

I'm looking into buying a 3flat building in the Chicago area but the building needs rewiring and updated plumbing so my question is does anyone have an estimate for each individual issue? It doesn't have to be accurate but somewhere in the ballpark all advice is appreciated thanks

[Robert Leach]

Hi Tyrell,

Typically your looking at $40-45k for a typical 3 flat in Chicago for plumbing & electric. Understand that by doing that, the city may require additional repairs to the structure if they see anything out of code. That's a good ballpark. Keep in mind you will likely need to open a few interior walls to pull it off. You will need permits for sure and mechanical drawings. That number doesn't include finishes which can be all over the board depending on what you do. Also you may be required to upgrade the water service in it is less than a 1" main or is found to be lead. Good luck!