Ellyn Crossing Apartments  
557 Gregory Ave.   Glendale Heights, IL 60139

March 11th, 2014 by Rockwell Partners

Address:

557 Gregory Ave.
Glendale Heights, IL 60139

Location:

Western Suburbs

Asset Class:

Multi-Family

Size:

420 Units

Description:

Ellyn Crossing Apartments consists of eleven 3-story, walk-up buildings and 658 parking spaces. The buildings contain one and two-bedroom apartments. Community amenities include pool, fitness center, business center, sand volleyball court, tennis courts and playground.

The Rockwell Effect:

Rockwell Partners acquired the property in November of 2013. Rockwell is currently in the process of implementing a cost-effective capital improvement plan to update all units and common areas, and is working to obtain zoning approval to construct a new clubhouse and management office.We have been creating a variety of management efficiencies and expect to significantly reduce operating costs. To date, Rockwell has been achieving 8% rent increases on existing units and 15% increases on improved units. In addition, Rockwell has improved tenancy and rent collections.
  • Posted in Case Studies
  • Comments Off on Ellyn Crossing Apartments  
    557 Gregory Ave.   Glendale Heights, IL 60139