All Forum Posts by: Jp Smith

@John Warren, as for the new appraisal... I am going to look to refi out of my VA into a conventional hopefully this year or early next and then use my VA to purchase again. I am not sure how much a third unit will add to the value, not sure if there is a "standard/average" dollar amount per unit. Obviously different neighborhoods will have different values.

@Jonathan Klemm Thanks for the insight.  I am going to pull/FOIA as many historical documents as possible for hopefully even more ammo towards a 3-flat.  

Thank you both

I recently bought a multi unit building in North Park.  It was sold as a 2 flat with a finished garden unit.  I am trying to figure out if it is truly a 2 flat or actually a 3 flat.  After reading some posts on here I tried digging a little and found the following.  

My water bill - # of dwelling units used to calculate your garbage fee: 3                                                                Building Permit and inspection records under building attributes lists DU3                                                    Cook County Assessors Website shows the property as 3 apartments.                                                          There are four(4) meters, one for each unit and one for the building. 

Following up question, if it does turn out to be a legal 3 flat is it worth getting a new appraisal?  Thanks!