Property Q&A in Logan Square>Question Details

kerri.wiersma, Renter in Chicago, IL

Is there an association for this condo and if so is there anything included (e.g water, garbage removal, etc.)?

Asked by kerri.wiersma, Chicago, IL Sat Sep 15, 2012

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This question is about this property: http://www.trulia.com/property/3052004088-2607-N-Hamlin-Ave-…

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4
Yes, their is an association and he monthly condo fee is $262.00 per month,
which covers basically all garbage, utilities and maintenance fees. The taxes on this property are $2318.80 per year. The bylaws are pretty open as you can rent this unit and you can have pets in the unit
0 votes Thank Flag Link Sun Sep 16, 2012
Hi Kerri,

No need to repeat what's already been stated here, except, if you are working with a Realtor he/she can best guide you as to what is included in monthly assessments. Additionally, he/she can let you know which buildings are warrantable for a mortgage loan and guide you as to the financial stability of the place.

Especially if you are using an FHA loan.

Good luck!
0 votes Thank Flag Link Sun Sep 16, 2012
It includes all the regular items, but not heat because each unit has it's own furnace. However yo cannot get a loan because the % owner occupancy is very low/many units are behind in paying their assessments......so more short slaes/foreclosures will follow/there is a special assessment coming up.
Priced too high for the problems.
0 votes Thank Flag Link Sun Sep 16, 2012
Yes and it includes: Water, Common Insurance, Lawn Care, Scavenger, Snow Removal
0 votes Thank Flag Link Sun Sep 16, 2012
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