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Question DetailsAsked on 9/6/2013

How much would it cost to install a gas line to a 3Flat Condo building in Chicago that currently is electric only?

We are looking at buying a duplex condo in a 3 Flat building in Chicago. It's currently all electric and has no gas line running to the building. I talked with the gas company and they will provide a meter for free, but said we need to hire someone else to install the pipe from their main gas line to the building and then all the piping in side of the building. The building looked in to doing this 15 years ago and decided against it due to cost. I don't know if we buy if we can persuade them to this, so we are considering paying for just our unit and doing it. We are trying to figure out what the cost would be and whether or not its worth buying this condo. We love the location and layout, but it does need some updating. Not a gut rehab. We just want a gas stove and gas heating plus minor cosmetics. We have been outbid on a lot of other places. So, we are going after fixer uppers now, but didn't expect this gas issue. Any advice on cost and difficulty is greatly appreciated!

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In general, but PARTICULARLY with an old building and Chicago's incredible permit process, I would definitely NOT plan on doing this after you own the building - it could cost you $5,000 or more than you expect depending on what you encounter and what the code compliance inspector is like. I would require that it be done by the current owner PRIOR to closing as a requirement in the purchase contract and make your offer based on what the market value will be with gas installed, NOT current value plus installation cost, because the installation cost will be nowhere near recovered in the nominal increased value of the building. It is just not possible to anticipate what you might encounter, so even a bid from a contractor would be pretty meaningless until the installation is well under way and you see what the conditions are.

Impossible to estimate cost without seeing the building in detail, but I would offhand guess, as a REAL rough ballpark, around $4,000 plus or minus $2000, with the low end being if the gas company part is actually free (they will probably charge you $200-700 for the connection to their line even if the meters (you need 3 for a triplex unless you intend to include gas with rent) are free, house is wood frame, and the floor joists are aligned towards the street and readily accessible from basement or crawlspace; and the higher end being joists obscured and will need drywall holes to install and solid brick or CMU construction.

Answered 6 years ago by LCD




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