A 17-unit renovation maximizing rent through smart upgrades
REBLD walked the building pre-close to help shape the budget, scope, and layout strategy. The team delivered a phased renovation with in-unit laundry, mechanical upgrades, and smarter layouts—without full gutting—resulting in faster lease-up and stronger rents.
The Project
Consulting with the client and walking the entire building prior to closing, REBLD was able to help inform the clients’ model as-related to unit layouts and construction budget allowing the client to appropriately budget for the purchase and renovation. This strategy helps create realistic expectations and usually results in a much more efficient project. REBLD also largely assisted in the design and layout of the units in this multifamily 1960s value-add to help create a finished product that would earn ownership more rent with modern bathrooms and kitchens and added in-unit laundry. The construction team was also able to stage the work in a way that allowed tenants to move in to the building prior to completion helping ownership recover costs as quickly as possible.
Unique aspects:
Added in-unit laundry and made mechanical upgrades without gutting the unit
New window openings for unit layout improvements
Project Type
Value add with mechanical upgrades
Location
East Andersonville
Units
17
Duration
8 Months
Cost
$1,100,000 ($65k-$70k/door)
See more of our work
A tiered, in-place renovation of a 1960s multifamily property
REBLD renovated this 1960s multifamily building under occupied conditions, working tier by tier to maintain cash flow. Collaborating early with ownership, they optimized layouts for better rents. The result: modern, functional rentals with new kitchens and baths.
Location
Rogers Park
Project Type
Value add with mechanical upgrades
Duration
12 Months
A full-scale, seven-unit multifamily renovation driven by a strategic plan
REBLD walked the building and advised on the construction strategy and cost before the client made the investment. What followed was a strategic plan that aligned with leasing goals: for REBLD to deliver the first model unit by March 8. The result? All seven units rented by May 1 — at full asking price.
Location
East Andersonville
Project Type
Full gut with condo-quality finishes
Duration
7 Months