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08 - Repairs & Maintenance - Renovations & Updates - 9919 S Oglesby Ave Chicago IL, 60617 - Recovered dfd24ff3 - 9919 S Oglesby Ave, Chicago, IL 60617.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 · $-1,800.00 · · Lofty Operating Cash · $97,696.88 · · ECO Operating Cash · $464.27 · · Outstanding Liabilities (Unpaid Bills) · $0.00 · · DAO Net Cash (Capital Call) · $97,696.88 · · Estimated Owners' Equity · $0.00 · · DAO Estimated NAV Per Token · $27.61 · · DAO Tokens · 3538 · · Current PM · ECO (Se

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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 | $-1,800.00 |
| Lofty Operating Cash | $97,696.88 |
| ECO Operating Cash | $464.27 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $97,696.88 |
| Estimated Owners' Equity | $0.00 |
| DAO Estimated NAV Per Token | $27.61 |
| DAO Tokens | 3538 |
| Current PM | ECO (Selling) |

# Property Updates

## 2026-02-11

- Property Update (02/11/2026):
- Edited DAO Net Cash to $97,696.88 following $777.56 for final utilities.
- Estimated NAV/share for redemption: $27.61

## 2026-02-09

- Property Update (02/09/2026):
- Closing has officially completed and net sale proceeds have been received.
- [Settlement Statement](https://www.dropbox.com/scl/fi/n0w2u7aaon5sbzntfb7o4/Master-Settlement-Statement-9919-S-Oglesby-Ave-Chicago-IL-60617.pdf?rlkey=oc8zqoktiq9eijugl95ulg72h&dl=0)
- [ECO Systems General Ledger](https://www.dropbox.com/scl/fi/1fcdmx575blxdpf0fckx8/General-Ledger-ECO-Systems-2026-02-10-9919-S-Oglesby-Ave-Chicago-IL-60617.csv?rlkey=zydllpdy0a3llswnhxbveo5uk&dl=0)
- DAO Net Cash: $97,696.88 (subject to change pending Lofty's final accounting)
- Note that this is somewhat lower than originally anticipated due to various repairs and seller concessions incurred since the offer was originally submitted, in lieu of having to replace the roof at the DAO's expense.
- Estimated NAV/share for redemption: $27.61

## 2026-01-06

- Property Update (01/06/2026):
- Governance Results for 9919 S Oglesby Ave:
- The Governance Voting results are back for the owner-proposed votes.
- The winning vote is:
- Accept the offer and authorize Earl Vanze Co to sign closing documents on behalf of the DE LLC and WY DAO LLC, validate and settle balances with all creditors, and proceed with winding down corporate affairs.
- This voting option was declared the winner in Round 1 with 594 token votes.
- The voting results can be found on chain [here](https://allo.info/application/3396039700) or by searching the application ID: 3396039700
- The winning vote is:
- Approve 1.5% TC Fee ($0.57/share) to ECO Systems LLC
- This voting option received 550/778 token votes which is equal to 71% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3396041392) or by searching the application ID: 3396041392

## 2025-12-31

- Property Update (12/31/2025):
- Owner-Proposed Governance Vote for 9919 S Oglesby Ave:
- The property manager, ECO Systems LLC with the following [wallet address](https://allo.info/account/YILY2YPFH2HODAZSMVJ6C2URUTBJSEPB3377SIKHFCFMGQEEFAJ3E5TYDM), is proposing a governance vote.
- This owner holds 6 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.
- Fellow Owners,
- We have received an [offer](https://www.dropbox.com/scl/fi/ab665fy97a4c0397ddk8v/Purchase-Offer-9919-S-Oglesby-Ave-Chicago-IL-60617.pdf?rlkey=xsnnh2cflbpph18g9xsbxmswi&e=1&dl=0) of $135k w/ $4050 in seller credits, which is slightly above the list price and superseding two lower offers.
- Offer Highlights:
- Purchase Price: $135,000
- Loan Type: Conventional
- Earnest Money: $2,000
- Closing Credits: $4,050
- Target Closing Date: January 21, 2026
- Please review the Financial Summary below (subject to change):
- Estimated Sale Proceeds: $120,150
- Lofty Operating Reserve as of Nov. 2025: $1,144.44 (Ledger not available)
- Due TO ECO Systems: ([$2,003.26](https://www.dropbox.com/scl/fi/tw3cbdqcqgkjeqk3facar/General-Ledger-ECO-Systems-2025-11-07-9919-S-Oglesby-Ave-Chicago-IL-60617.csv?rlkey=j2an1wjkl2lbczusqq00bvf1k&e=1&dl=0))
- Unpaid Insurance Premium: ($557.34)
- Unpaid DE LLC Franchise Taxes 2024-2025: ($1,333.00)
- Transaction Coordination Fee to ECO Systems LLC (1.5%): ($2,025)
- DAO Projected Net Cash: $115,375.84
- Tokens in Circulation: 3538
- Estimated Net Asset Value Per Share: ~$32.61
- Vote 1:
- a) Accept the offer and authorize Earl Vanze Co to sign closing documents on behalf of the DE LLC and WY DAO LLC, validate and settle balances with all creditors, and proceed with winding down corporate affairs.
- b) Decline the offer and continue listing for sale, authorizing Earl to counter at his discretion.
- Vote 2:
- a) Approve 1.5% TC Fee ($0.57/share) to ECO Systems LLC
- b) Reject 1.5% TC Fee to ECO Systems LLC
- Thank you for your prompt attention and participation!
- All the best,
- Earl Vanze Co
- Manager, Lofty Holding 9919 S Oglesby Ave LLC
- Member, Lofty Holding 9919 S Oglesby Avenue DAO LLC
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, January 6th, once the voting period ends.

## 2025-11-07

- Property Update (11/07/2025):
- The accounting here was previously all cleaned up after ECO Systems retrieved the funds from Yhome, but it is still not clear what is going on with Lofty's OR balance records. HRG had a positive $195.07 balance for this property that was used to pay other DAOs' debts per their general ledger. However, there are a net +$4,319.17 of owner contributions less owner draws (HRG net transfers to/from Lofty). It's all really not clear what happened to the funds I sent to Lofty in the amounts of $4,575.96 for HRG unpaid bills + $220 to zero out the OR on Aug 3rd. The OR is once again showing -$4,517.21 as of Sept. 13th and I cannot modify or update it. ECO Systems holds $3,406.53 of DAO funds and $1,800 of tenant's security deposit. Sorry I cannot provide further clarity. -Earl

[ECO General Ledger](https://www.dropbox.com/scl/fi/tw3cbdqcqgkjeqk3facar/General-Ledger-ECO-Systems-2025-11-07-9919-S-Oglesby-Ave-Chicago-IL-60617.csv?rlkey=j2an1wjkl2lbczusqq00bvf1k&dl=0)
[HRG General Ledger](https://www.dropbox.com/scl/fi/rrnxlghomzsm9hc8xdad1/HRG-General-Ledger-9919-S-Oglesby-Ave.xlsx?rlkey=j7b6mbxwe5xtn7a2gibmmjgtg&dl=0)
[Lofty General Ledger](https://www.dropbox.com/scl/fi/ur0xjibnpu911xm9e905r/Transactions-September-2025-9919-S-Oglesby-Ave-Chicago-IL-60617.csv?rlkey=88k07mjiiikfa9bpnn0zthhcl&dl=0)

## 2025-10-07

- Property Update (10/07/2025):
- Governance Results for 9919 S Oglesby Ave:
- The Governance Voting results are back for the owner-proposed vote.
- The winning vote is:
- Yes, list property for sale
- This voting option received 945 / 963 token votes, which is equal to 98% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3248335675) or by searching the application ID: 3248335675

## 2025-10-01

- Property Update (10/01/2025):
- Owner-Proposed Governance Vote for 9919 S Oglesby Ave:
- An owner with the following [wallet address](https://allo.info/account/QDTN5SITNPO4AMXPTOAFJDE2NSOHGKQE4LUHD2MUEWBJKHEPAHYEYBO6VM) is proposing a governance vote.
- This owner holds 200 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.
- My Wallet Address: QDTN5SITNPO4AMXPTOAFJDE2NSOHGKQE4LUHD2MUEWBJKHEPAHYEYBO6VM
- Given our tenant is looking to relocate. I am recommending we issue a vote to sell this property while vacant. Comps put NAV at around $40+
- Vote:
- List Property for sale?
- 1) Yes
- 2) No
- Comp Research:
- Comp set for 9919 S Oglesby Ave (3bd/2ba, ~1,631 sf, good condition). Very recent, nearby, and arm’s-length. (There are few true same-block closings in the last year, so I used the closest like-for-like within ~0.6–1.0 mi and adjusted for size/condition.) Recent closed comps (3bd/2ba SFH, 60617 vicinity) Address Beds/Baths Sq Ft Close date Price $/sf Notes 9032 S Merrill Ave 3/2 1,700 Aug 8, 2025 $270,000 $159 Similar GLA and baths; good condition. 9024 S Jeffery Blvd 3/2 1,420 Jul 17, 2025 $232,000 $163 Smaller than subject; garage; solid anchor. 9108 S Phillips Ave 3/2 1,200 Aug 12, 2025 $265,000 $221 Smaller → higher $/sf; shows top-of-market finish for comp set. 2532 E 91st St 3/2.5 — May 2, 2025 $274,000 — Slight bath premium; supports upper-$200Ks for good condition.
- Subject history/context: 9919 S Oglesby Ave last sold $158,000 (Dec 2, 2021); public portals show ~1,631 sf.
- --- Read & adjustments The two size-closest anchors (Merrill & Jeffery) bracket $159–$163/sf before condition tweaks. Phillips (1,200 sf) is $221/sf—a typical small-house premium; scale down for 1,631 sf. 91st St has an extra half-bath; treat as a mild positive vs. subject. Derived $/sf band for subject (good condition) Core band: $160–$175/sf (size-normalized from Merrill/Jeffery; tempered by Phillips’ small-home premium). Apply to 1,631 sf → $261,000 – $285,000. Comp-derived value range Good condition (your description): $260,000 – $290,000 If nicely updated (newer kitchen/baths, mechanicals strong): $290,000 – $305,000 If more “average than good” (older finishes/some deferred items): $235,000 – $260,000
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, October 7th, once the voting period ends.

## 2025-09-16

- Property Update (09/16/2025):
- Governance Results for 9919 S Oglesby Ave:
- The Governance Voting results are back for the owner-proposed vote.
- The winning vote is:
- Option 1: Approve and Ratify the Organizational Resolution.
- This voting option received 465 / 468 token votes, which is equal to 99% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3215948427) or by searching the application ID: 3215948427

## 2025-09-14

- Property Update (09/14/2025):
- Owner-Proposed Governance Vote for 9919 S Oglesby Ave:
- The property manager, ECO Systems LLC with the following [wallet address](https://allo.info/account/YILY2YPFH2HODAZSMVJ6C2URUTBJSEPB3377SIKHFCFMGQEEFAJ3E5TYDM), is proposing a governance vote.
- This owner holds 6 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.
- 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 9919 S Oglesby Avenue, Chicago, IL 60617. Please review and ratify this Organizational Resolution 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 grant title of the DAO's real property to Lofty Holding 9919 S Oglesby Avenue DAO LLC (WY) and/or to 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 16th at 5 PM EDT.
- All the best,
- Earl Co
- Manager, ECO Systems LLC
- Member, Lofty Holding 9919 S Oglesby Avenue DAO LLC
- Option 1: Approve and Ratify the Organizational Resolution.
- Option 2: Decline (provide feedback to ecosystemspm@gmai