Land prices in Chicago are definitely cheaper than other large cities. But at the same time, the fire code and zoning make it pretty rare that a 6-floor buildi

Land prices in Chicago are definitely cheaper than other large cities. But at the same time, the fire code and zoning make it pretty rare that a 6-floor building is the right economic choice. You might as well build it to be 10-15 floors. The approval process isn’t going to be more difficult or time consuming, your per-unit costs will be lower, and there’s no shortage of banks willing to finance it. This is also quite different than most other large cities.