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Variance to subdivide lot

I have a 2-fam house that sits on a lot that is 12,500 sq feet. I was thinking of trying to subdivide and either build on it or sell it. Years ago, the requirement was that the lot had to be 5,000 sq ft, a few of my neighbors have 5,000 sq ft lots. At one point, probably 20-30 years ago, they increased the minimum lot size to 7,500 square feet, so my lot would have to be 15,000 sq ft to subdivide it into 7,500 and 7,500 lots. I was thinking of applying for a variance to subdivide my lot to 7,500 and 5,000 (current 2-fam house). Does anyone have experience in applying for a variance and getting it approved?

Additional info: House was purchased for $500k (no mortgage), currently worth $750k-$800k. 7,500 lot would be worth $150k-$200k.

submitted by /u/rtraveler1
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source https://www.reddit.com/r/RealEstate/comments/xqd7f6/variance_to_subdivide_lot/
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