3 unit building with 1400sqft basement. What to do with it?
Hey everyone! I'm trying to figure out ways to monetize or at the very least, make my 1400sqft basement useful. The basement is at the bottom of a 3 unit building in Chicago that I'm in the process of closing on. It's unfinished and doesn't seem to have any flooding issues. It's pretty humid down there but nothing that a sump pump can't solve.
Has anyone else had an unfinished basement this size? What have you done with it?
Some of the ideas I've had:
- Turning it into a paid extra storage area for the tenants and other people who would be willing to pay to store their things down there.
- Converting it into a basement level apartment (I'm iffy on this as the basement height seems about 1 foot from being able to be a legal unit. But that's from my eye and not actual measurements)
- Finishing it and using it as a Airbnb rental space
Any other ideas? Or anyone have experience with the ones listed?