557 Gregory Ave.
Glendale Heights, IL 60139
Stonegate 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.
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.