← 7542 and 7656 S Colfax Ave, Chicago, IL 60649 · Portfolio index
FINANCIALS.md
| Property | 7542 and 7656 S Colfax Ave, Chicago, IL 60649 |
|---|---|
| Section | 00 - README & Property Snapshot |
| Category | text |
| Relative path | 00 - README & Property Snapshot/FINANCIALS.md |
| Source path | /mnt/c/Users/digit/Dropbox/Real Estate/IL/7542 and 7656 S Colfax Ave, Chicago, IL 60649/Public/00 - README & Property Snapshot/FINANCIALS.md |
| Modified UTC | 2026-04-08T02:38:27.0000000Z |
| Size bytes | 2074 |
| Extraction method | plain-text+plain-text |
Description
# 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
Extracted Content
# 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: