Morton Grove Senior Apartments

Morton Grove, IL

HODC partnered with Turnstone Development Corporation, a nonprofit affordable housing developer, to acquire and preserve this existing affordable senior building in 2003. The property had an expired rental assistance contract from HUD and was put on the market by the owner. The Village of Morton Grove supported preserving the building as affordable senior housing and provided bond cap to finance the mortgage. Rehab included replacing the building’s roof, kitchens and windows. Additionally, the community room was reconfigured to make it more spacious and the building manager’s office moved adjacent to the lobby to improve visibility and safety. HODC provided property management. The building was sold by Turnstone in 2019.

Property Photos

A six story white apartment building with balconies. A tree with pink blossoms, a smaller tree, and a yellow fire-hydrant are in front. A silver car isparked in the parking lot of the building that is framed by a white sky.
A white apartment building with balconies that have metal railings. The branches of a tree with pink blossoms are in front.
A six story white apartment building with balconies. A tree with pink blossoms and a yellow fire-hydrant are in front. Two silver cars are parked in the parking lot of the building that is framed by a white sky.
A six story white apartment building with balconies. A tree with pink blossoms is nearby.

Exteriors

Total Number of Units: 56

Unit Mix:
  • 1 bedroom/1 bathroom — 38
  • 2 bedroom/1 bathroom — 18

Cost:
$7,950,000

Property Features

  • Community room
  • Laundry facilities

Financing Partners

  • Turnstone Development Corporation
  • Illinois Housing Development Authority
  • The Richman Group
  • Harris Bank
  • Chicago Community Loan Fund
  • Federal Home Loan Bank
  • Village of Morton Grove