OWNING IS AFFORDABLE AT SHERMAN GARDEN
It costs less to own at Sherman Garden Co-operative Apartments than it costs to buy a comparable condo or rent a comparable apartment in Evanston or Chicago.
• Assessments cover all apartment costs except your internet, cable and phone services:
Lawn & garden maintenance
Real estate taxes
• Plus SGA’s mortgage interest & real estate taxes are deductible! (Further savings are available for eligible seniors from the state of Illinois.)
• Monthly assessments are based on each unit’s square footage. In November 2010, Trustees gave the following rough breakdown of a typical monthly assessment: property maintenance 24%; reserve funding 21%; building engineer payroll 14%; property taxes 12%; mortgage interest 9%; gas (heat) 9%; electrical 6%; water 2%; other miscellaneous items 3%.