← 9634 S Green St, Chicago, IL 60643 · All properties

08 - Repairs & Maintenance - Renovations & Updates - 9634 S Green Street, Chicago, IL 6064.md

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Property Updates ## 2026-04-06 - Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx): · Field · Value · · ------- · ------- · · Yhome Net Due TO DAO · $6,218.91 · · Lofty Operating Cash · $-2,282.17 · · ECO Operating Cash · $-3,819.30 · · Outstanding Liabilities (Unpaid Bills) · $0.00 · · DAO Net Cash (Capital Call) · $-1,127.64 · · Estimated Owners' Equity · $180,970.79 · · DAO Estimated NAV Per Token · $53.41 · · DAO Tokens · 3367 · · Current PM

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# Property Updates

## 2026-04-06

- Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx):
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $6,218.91 |
| Lofty Operating Cash | $-2,282.17 |
| ECO Operating Cash | $-3,819.30 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $-1,127.64 |
| Estimated Owners' Equity | $180,970.79 |
| DAO Estimated NAV Per Token | $53.41 |
| DAO Tokens | 3367 |
| Current PM | ECO (Selling) |

# Property Updates

## 2025-09-09

- Property Update (09/09/2025):
- Governance Results for 9634 S Green St:
- The Governance Voting results are back for the owner-proposed governance vote.
- The winning vote is:
- Option 1: Approve and Ratify the Organizational Resolution.
- This voting option received 1142 / 1152 token votes which is equal to 99% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3205597882) or by searching the application ID: 3205597882

## 2025-09-02

- Property Update (09/02/2025):
- Owner-Proposed Governance Vote for 9634 S Green St:
- The property manager, ECO Systems LLC with the following [wallet address](https://allo.info/account/YILY2YPFH2HODAZSMVJ6C2URUTBJSEPB3377SIKHFCFMGQEEFAJ3E5TYDM), is proposing a governance vote.
- This owner holds 1 token in this property.
- The owner's reasoning is below, word-for-word:
- *Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
- Fellow owners,
- As you may or may not know, the predecessor entity for the DAO still holds title to the DAO’s real property at 9634 S Green St, Chicago, IL 60643. Please review and ratify this Organizational Resolution retroactively authorizing the DE LLC to be reinstated in DE and IL. The WY DAO LLC shall become the 100% sole member of the DE LLC and its members shall have all authority over the ownership and management of its underlying asset. The Organizational Resolution also designates Earl Vanze Co as the Manager of the DE LLC for the purposes of executing administrative tasks. Being that the defunct DE LLC would become an active single-member LLC, it would become a disregarded entity for tax purposes and will not need to file its own tax returns.
- The DE LLC will need to remain as an active entity registered with the Secretary of State in both DE and IL so long as it continues to hold title to real property and do business in the respective states, and the Manager shall be responsible for maintaining compliance with local and state laws. The Manager also has discretion to obtain a correction deed and/or affidavit of scrivener’s error, and grant title of the DAO's real property currently held by “LOFTY HOLDING 9634 S Green Street LLC, an Illinois Limited Liability Company” to "Lofty Holding 5541 S Peoria Street DAO LLC, a Wyoming decentralized autonomous organization limited liability company” and/or a third-party buyer upon closing of a sale, and formally terminate the DE LLC when it is no longer necessary for the DE LLC to remain active.
- Thank you for your prompt attention to this matter. Please submit your vote by Tuesday, September 9th at 5 PM EDT.
- All the best,
- Earl Co
- Manager, ECO Systems LLC
- Member, Lofty Holding 9634 S Green Street DAO LLC
- Option 1: Approve and Ratify the Organizational Resolution.
- Option 2: Decline (provide feedback to ecosystemspm@gmail.com).
- The results will be determined by a 60% Supermajority and sent to all owners on Tuesday, September 9th once the voting period ends.

## 2025-07-29

- Property Update (07/29/2025):
- Governance Results for 9634 S Green St:
- The Governance Voting results are back for the owner-proposed governance vote.
- The winning vote is:
- List Property for Sale on open market
- This voting option received 1,425 / 1,561 token votes which is equal to 91% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3144418986) or by searching the application ID: 3144418986

## 2025-07-22

- Property Update (07/22/2025):
- Governance Vote for 9634 S Green St:
- An owner with the following [wallet address](https://allo.info/account/QDTN5SITNPO4AMXPTOAFJDE2NSOHGKQE4LUHD2MUEWBJKHEPAHYEYBO6VM) has proposed a governance vote.
- The owner proposing this vote holds 70 tokens in this property.
- The owner's reasoning is below, word-for-word:
- *Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
- Hello all token holders. Currently the status of this property is as follows:
- Property Status:
- Due to the inability to communicate with the tenant (invalid or deactivated phone and email address), a 5-day notice of termination for non-payment of rent along with updated payment instructions has been sent via USPS Certified Priority Mail.
- Eviction proceedings will begin 5 days after confirmation of delivery if tenant fails to pay and/or establish communication.
- Financial Status:
- Unpaid Bills due to HRG: $2,789.64
- Yhome Total Due to DAO: $5,100 ($2000 March rent + $4000 security deposit applied to April and May rent, less 15% PM Fee to Yhome)
- EARLDAO Balance: $1,000 for painting and fixing the basement and unpaid invoice to handyman carried over from Yhome
- Unpaid Taxes Due: $1,903.11
- DAO Net Cash: -$592.75
- ECO Systems - our property manager has suggested we list the property for sale to unlock the best NAV compared to current token price. With the tenant potentially being evicted, this could be the right time to list and sell.
- Vote options:
- 1) List Property for Sale on open market
- 2) Do not list property for sale
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to all owners on Tuesday, July 29th once the voting period ends.

## 2025-07-19

- Property Update (07/19/2025):
- The new owner-elected property manager, Earl with ECO Systems LLC, provided the following update:
- Due to the inability to communicate with the tenant (invalid or deactivated phone and email address), a 5-day notice of termination for non-payment of rent along with updated payment instructions has been sent via USPS Certified Priority Mail.
- Eviction proceedings will begin 5 days after confirmation of delivery if tenant fails to pay and/or establish communication.

## 2025-06-13

- Property Update (06/13/2025):
- The tenant has been delinquent on rent according to the previous PM, Yhome Nursing LLC. The tenant paid March rent and two months' security deposit at lease signing, currently being withheld by Calixte Duffaut.
- Earl and Hemlane have been unable to reach the tenant via email or phone as they have been disconnected.
- Earl will send a 5-day Notice to Pay or Vacate via Certified Mail and will seek an attorney to file for eviction.
- Unpaid Bills due to HRG: $2,789.64
- Yhome Total Due to DAO: $5,100 ($2000 March rent + $4000 security deposit applied to April and May rent, less 15% PM Fee to Yhome)
- EARLDAO Balance: $1,000 for painting and fixing the basement and unpaid invoice to handyman carried over from Yhome
- Unpaid Taxes Due: $1,903.11
- DAO Net Cash: -$592.75
- [View Owner Statement](https://www.dropbox.com/scl/fi/r7puwjhes6bd419ru12wk/Owner-Statement-May-2025-9634-S-Green-Street-Chicago-IL-60643.pdf?rlkey=5g8ty2axz0cy33qko4blbzh5p&dl=0)
- [View Financial Reconciliation Details](https://www.dropbox.com/scl/fi/0yf0syxxxm58zpguib5nz/Yhome-Transition-Reconciliation.xlsx?rlkey=4rurmo3m2swur63oxq0hafr01&dl=0)
- The Operating Reserve structure and related information will be updated upon completion of the property management transition from Yhome Nursing LLC to ECO Systems LLC.

## 2025-04-25

- Property Update (04/25/2025):
- The previous property manager, Yhome Nursing LLC, provided an update for owners. This property is starting the transition to the new owner-elected manager, ECO Systems LLC.
- Dear Investors, I wanted to update you on the property, which has experienced multiple sewer issues since the tenant moved in. Despite our efforts to address these problems, they have continued to persist.
- After conducting a camera inspection, we discovered a broken pipe, which means that the city will need to be involved. This will require more extensive work to resolve the issue.
- I will keep you all informed as we progress.
- Best regards, Cal"

## 2025-04-24

- Property Update (04/24/2025):
- Cal, the owner of Yhome Nursing LLC, has shared an update intended for all owners whose properties he has managed in Chicago, both currently and in the past. He would like owners of properties he previously managed to receive this update as well.
- [View Update](https://drive.google.com/file/d/1_Vf3IqHErCbvJoiLnkEHBQnVzIq9xbgM/view)

## 2025-04-21

- Property Update (04/21/2025):
- *Governance Results:*
- The Governance Voting results are back for the owner-proposed governance vote to change the property manager to ECO Systems LLC.
- The winning vote is:
- Yes, hire ECO Systems LLC
- This voting option received 1,344 / 1,346 token votes which is equal to 99.8% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/2944593117) or by searching the application ID: 2944593117
- The property management migration will commence right away. ECO Systems LLC's management agreement can be viewed [here](https://www.dropbox.com/scl/fi/bo44y2ckfvxizb8en0xqp/Property-Management-Agreement-9634-S-Green-St-Chicago-IL-60643.docx?rlkey=87tcbzibnd7c1o0uslwreyu9d&e=3&st=1sdkyl0z&dl=0).

## 2025-04-17

- Property Update (04/17/2025):
- *Governance Vote:*
- An owner with the following [wallet address](https://allo.info/account/NKCGAJML3X56QQMQLAXJFT6JDYRZEABKVO42FLBYLXBEOJHYIS6ES4XLUI/assets) has proposed a governance vote.
- The owner proposing this vote holds 10 tokens in this property.
- The owner's reasoning is below, word-for-word:
- *Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
- Evening all,
- In my eyes, Jerry’s recent announcement doesn’t change the challenges we’ve recently faced with yhomes. There’s been a lack of documentation, and the initial property manager agreement hasn’t been abided by.
- To avoid complications and bring stability back to Green Street, I recommend we transition to ECO Systems LLC as the property manager. Earl has been a dedicated and loyal member of Lofty for the past four years, consistently demonstrating his ability to manage some of the platform’s best-performing properties.
- Earl provides stability and transparency we can trust and has agreed to a rate of 10% of gross rent to help protect the DAO. Here’s a link to his full contract so you can see more.
- https://www.dropbox.com/scl/fi/bo44y2ckfvxizb8en0xqp/Property-Management-Agreement-9634-S-Green-St-Chicago-IL-60643.docx?rlkey=87tcbzibnd7c1o0uslwreyu9d&e=2&st=1sdkyl0z&dl=0
- Voting Options:
- Yes, hire ECO Systems LLC
- No, don’t change the property manager today
- The new management terms for Yhome Nursing LLC can be viewed [here](https://drive.google.com/file/d/19YNKyrBYojoZwmu0DHK1vLgC8eD3149i/view).
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to all owners on Monday, April 21st once the voting period ends.

## 2025-03-20

- Property Update (03/20/2025):
- The new owner-elected property manager, Cal with Yhome Nursing LLC, confirmed a new tenant was approved and moved in on 3/3/25.
- The tenant signed a 12-month lease at $2,000, a $158 increase from the previous lease.
- The lease term is from 3/3/25 - 3/3/26.
- The tenant paid a deposit of $4,000.
- The property manager charges a leasing commission of first month's rent, which will be deducted from March's rent.
- The property manager confirmed the lease has a typo in the lease terms, they are working to get this c