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.
The Project
REBLD worked around occupied conditions to renovate this large 1960s multifamily building as quickly as possible - starting work as soon as the first tier was vacant and then moving around the building as tiers became available. This strategy allowed the building to “cash flow” while construction was ongoing. Justin and Oscar also worked closely with ownership prior to beginning construction to help design the most efficient and functional layouts possible ultimately resulting in better rents. The finished product is a thoughtful, functional rental with modern finishes, including new bathrooms and kitchens.
Unique aspects:
Added in-unit laundry and made mechanical upgrades without gutting the unit
Parapet re-build
Upgraded windows
Challenges:
Occupied building
Unpredictability in scheduling because of move-outs
Project Type
Value add with mechanical upgrades
Location
Rogers Park
Units
36
Duration
12 Months
Cost
$2,050,000 ($50k-$60k/door)
See more of our work
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.
Location
East Andersonville
Project Type
Value add with mechanical upgrades
Duration
8 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