Chicago Utility Estimates

[Jessica H.]

Hi, I'm planning to purchase my first house hack within the next year and was wondering what are some good monthly estimates to use for water, water/sewer tax, garbage/recycling, heat, etc during analysis. 

I know for garbage/recycling, for properties with 4 units or under, it would be $9.50 per dwelling unit per month but I’m not sure what are some good numbers to use for water and heat as these were included in all the apartments I’ve lived in.

Could you please share the following: 1) how many units & number of beds/bathrooms in your property 2) water costs + water/sewer tax per month 3) heating costs per month & type of heating 4) are there any other utility expenses that I haven't listed that should be kept in mind as a landlord? 

Thanks so much in advance!

[Kyle D Birch]

Here’s what I have….

My 4 unit, 10 bed/6 bath apt building monthly. Gas heat & water inlay, tenants pay own electric.

-gas $350 

-common electric $110 (basement apt is on the common)

-water/trash $200 

my 2 unit 4 bed 2 bath. I pay all utilities. Tenants also both has a washer/dryer in unit.

-gas $170

-electric $140

-water/trash $180

Everything is central air/gas forced heat.