Multifamily Renovation
Chicago
Value-add repositioning, gut rehabs, and phased occupied renovations for Chicago apartment buildings. We have renovated 2,000+ units across the city — on schedule, on budget, and without displacing your tenants.
Get a Free EstimateMultifamily Renovation
in Chicago
Chicago's multifamily market is one of the most active value-add environments in the Midwest. 32 Build has been the execution engine for asset managers and investors pursuing repositioning strategies since 2007 — and we approach every project with a clear understanding that your renovation is only as good as its ROI.
We specialize in three scenarios: value-add refreshes designed to maximize rent premium per dollar spent, full gut rehabs for properties requiring comprehensive rehabilitation, and phased renovations for occupied buildings where tenant retention is a priority. For each scenario, we build detailed per-unit scopes, standardized material packages, and a phased execution plan that keeps your property operating throughout construction.
Our Lakeview 48-unit renovation is a reference project: 4 phases, fully occupied throughout, zero tenant complaints, 22% average rent increase within 6 months of completion. That is the model we replicate for every client.
What's Included
Every item below is self-performed by our own crews — no hand-offs, no gaps.
What Does It Cost
in Chicago?
Transparent ranges based on recent Chicago projects. Your exact cost depends on scope, materials, and conditions.
Paint, flooring, fixture and appliance replacement, cabinet refacing. Maximizes rent premium per dollar invested. Typically 1–2 weeks per unit.
Full kitchen and bathroom renovation with new cabinetry, countertops, tile, and fixtures. In-unit washer/dryer. New flooring throughout.
Complete unit rehabilitation down to the studs — new electrical, plumbing, HVAC, insulation, drywall, and all finishes. Full DOB permits and inspections.
Free Estimate: Every project starts with a free on-site consultation and written estimate. No obligation, no pressure. We'll tell you exactly what your project costs before you commit.
Our Process
Unit Walk & Scope
We walk every unit, document existing conditions, and develop a standardized per-unit scope with material specifications. Delivered before contract signing.
Phase Plan
We build a detailed phasing schedule aligned to your vacancy schedule, lease expirations, and cash flow targets. Occupied and vacant units sequenced for maximum efficiency.
Execution
Dedicated site superintendent, daily progress tracking, and consistent crew assignments across all units. Quality does not vary by phase or by unit.
Turnover
Each unit is cleaned, inspected, and documented before handoff. Ready for photography and leasing the day we finish.
Frequently
Asked Questions
Most clients have the same questions before starting. Here are straightforward answers — no hedging.
Still have questions? Let's talkMultifamily renovation costs in Chicago depend heavily on scope. Value-add unit refreshes (paint, flooring, fixtures, appliances) typically range from $15,000 to $35,000 per unit. Mid-range renovations with kitchen and bath upgrades range from $35,000 to $65,000 per unit. Full gut rehabs of individual units typically run $75,000 to $150,000+ per unit. Common area upgrades, building envelope work, and mechanicals are in addition to unit costs. Contact 32 Build for a detailed per-unit estimate.
Next Step
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Your Project?
Tell us about your project and goals. We'll assess the scope, provide honest feedback, and recommend the right approach.