← 7542 and 7656 S Colfax Ave, Chicago, IL 60649 · All properties

FINANCIALS.md

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Financial Data **Last Updated:** 2026-04-06 **Source:** Cash Flow Statement (7542 + 7656) + Obie Insurance + Cook County Treasurer ## Investment Summary · Field · Value · · ------- · ------- · · Total Investment · $755,388.00 · · Sale Price · $707,250 · · Monthly Rent · **$40 ⚠️ WRONG** — needs verification · ## Insurance - **Annual Premium:** $3,068.10 ## Property Management - **PM Fee Rate:** 15.0% of gross rents$2,550.00 - **DAO LLC Fee:** $750.00/year ## Annual Expenses · Field · Value · Sourc

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# Financial Data

**Last Updated:** 2026-04-06
**Source:** Cash Flow Statement (7542 + 7656) + Obie Insurance + Cook County Treasurer

## Investment Summary
| Field | Value |
|-------|-------|
| Total Investment | $755,388.00 |
| Sale Price | $707,250 |
| Monthly Rent | **$40 ⚠️ WRONG** — needs verification |

## Insurance

- **Annual Premium:** $3,068.10

## Property Management

- **PM Fee Rate:** 15.0% of gross rents$2,550.00
- **DAO LLC Fee:** $750.00/year

## Annual Expenses
| Field | Value | Source |
|-------|-------|--------|
| Property Taxes | ~$7,116 (est.) | Cook County 1st installment $3,558.12 × 2 for both units combined |
| Homeowners Insurance | $7,931.70/yr combined | 7542: $3,838.80 + 7656: $3,068.10 (Obie 2025) |
| Property Management | | ECO Systems |
| Utilities Water/Sewer | $7,503.83|
| **Total Annual OpEx** | **~$15,000** | |

- **Utilities Water/Sewer:** $7,503.83
## Operating Reserve
| Field | Value | Source |
|-------|-------|--------|
| Current OR Balance | *(see ECO GL)* | |
| Current Maintenance Reserve | $22,003.00 | LoftyAssist |

## T-12 Financials (from Cash Flow Statements)
**7542 S Colfax:**
- Rent collected: $400 + $890 = $1,290 (periods shown)
- Insurance: $475 (one period), ~$70/mo ongoing
- Tax: $100/mo, $1,919.40 (one period)
- CapEx: $350 (one period)
- Utilities: $710, $100, $132.71

**7656 S Colfax:**
- No rent shown
- Insurance: $153/mo
- Tax: $654 (one period), $50
- Utilities: $868.40, $9.70

## Current Month Distribution
| Field | Value |
|-------|-------|
| Distribution | **$0.00** |

## Calculated Metrics
| Field | Value |
|-------|-------|
| Cap Rate | 2.63% |

> 🚨 **Rent amount ($40/mo) is clearly wrong.** Actual rent needs to be verified from Baselane or Hemlane. The cash flow statements show minimal or no rent collection for 7656 S Colfax.

---
*Updated 2026-04-04. Insurance from Obie 2025 annual premiums. Taxes from Cook County 2025 first installment × 2 (full year est. until 2nd installment bill arrives). Rent = $40 is a token-level anomaly — needs immediate verification.*

## Monthly Cash Position (2026-06)

Amounts are shown as of 2026-06. ECO Operating Cash is the complete DAO-attributed ECO Systems GL Column E balance through the as-of month, including accruals; it is not limited to ECO Systems LLC bank cash.

| Metric | Amount | Source |
|---|---:|---|
| Lofty Operating Cash | $22,003.00 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | $170,898.05 | ECO Systems General Ledger Column E (210 rows) |