The house was built in the 50’s and has a lot of deferred maintenance, interior and exterior.

@Christopher LaneIt’s funny how much the family we grew up in can influence what we view as “normal”.My Dad was a full time real estate investor my whole life and was therefore never beholden to a 9-5 schedule.

A math formula does not know what the interior quality is, does not know the layout, does not know if there are train tracks or a busy street next to the house.  

Chicago's threats are the City government and their influence on the state government.

It needs some exterior work, and what appears to be a minimal amount of interior work.  

Also, some aggressive investors could hold such a controlling share in the HOA through the number of units they own, an that they can and often do influence more than a collective units share on the interest of the HOA.

Rehabbed interior/exterior.

So here are some photos of the interior and a brief description of the work.

I guessed $2.50/sqft for interior paint and $1.25/sqft for exterior paint.

This caused extensive internal damage to the walls/interior because apparently for years water was leaking into the walls and rotting everything out.