Skokie, IL 60076
72 Additional Condominium Units
Old Orchard Apartments is the controlling member of a master association. The master association shares the common areas, swimming pool, landscaping, snow removal and other miscellaneous common expenses.
The Rockwell Effect:
Physical Improvement: Rockwell assisted the ownership in cost-effective decisions to improve the physical buildings, including annual rehab of 60+ units, update of the smoke and CO2 systems to comply with City code, and the creation of a more cooperative alliance between the individual condominium owners and the apartment ownership.
Leasing & Management Improvement: Rockwell took over the complex at 100% occupancy. With the rehab of the units, we were able to maintain those occupancy levels within 30 days of the rehab turnover. We have also increased rents by more than 20% on all of the rehabbed units.