Location: Chicago, Illinois
Size: 56 units
56-unit mid-rise apartment located in Chicago’s Rogers Park neighborhood, one block to the lakefront and the “L” train. Ansonia completed a major renovation and re-tenanting of this foreclosure purchase in less than 12 months while driving occupancy from 60% at acquisition to stabilized at 95%. The capital improvement program included new windows, high-efficiency variable power steam boiler, 800 amp master electrical switch and riser distribution system, reflective roof, extensive tuckpointing, and new elevator motor and controller. Ansonia refreshed the identity of this property by removing an ungainly old awning and dated textured stucco to reveal its elegant 1920s-era façade and articulated stone base, and implementing a complete makeover of the building lobby, hallways, and elevator cabs.