Chicago porches became national headlines in 2003 when a Lincoln Park porch collapse killed 13 college-aged kids at a house party. If you are a Chicago real estate investor, this is a topic you must know about before buying your first property. The cost to get an older porch up to the current Chicago building code can cost you over $15,000 for a smaller 2 or 3 flat. Prices can exceed $30,000 for 6 flats or larger buildings that have multiple porch systems.
Recently on the Straight Up Chicago Investor Podcast we interviewed one of the top Chicago porch companies and we broke down costs, timelines, and the importance of underwriting this in your due diligence when buying a multi-unit property in Chicago.
If you would like to discuss more about what you need to know regarding porches on Chicago properties, reach out to GC Realty & Development, LLC. We will share our expertise to be sure you know how to be a successful Chicago house hacker, local, or out-of-state investor.
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