Illinois

ST. CHARLES, ILL. — Eastham Capital and Bender Cos. have acquired Fox Run Apartments, a 220-unit community in the western Chicago suburb of St. Charles. To date, Eastham and Bender have co-invested in 14 projects. The companies say that Fox Run Apartments presents a compelling value-add opportunity. Monthly rents at the property average $1,703. Following recent capital improvements, the business plan calls for additional upgrades across more than 80 units, including in-unit laundry and flooring updates, along with enhancements to the exterior, amenities, parking areas, landscaping, signage and security systems. Bender will also focus on strengthening leasing operations and elevating the resident experience. Originally constructed in 1973, the property includes four buildings with a mix of one-, two- and three-bedroom floor plans ranging from 650 to 1,430 square feet. Amenities include a clubhouse, fitness center, outdoor pool, grilling areas, package lockers, laundry facilities and off-street parking.

CHICAGO — Greenstone Partners has closed two multifamily sales totaling $3.2 million in Chicago’s Wicker Park and Bridgeport neighborhoods. In the first transaction, the firm brokered the sale of a recently renovated eight-unit multifamily property located at 1226 N. Greenview Ave. in Wicker Park. The property features six one-bedroom, one-bathroom units and two two-bedroom, two-bathroom units, each with hardwood flooring, in-unit laundry, private balconies and granite countertops. Jordan Multack of Greenstone Partners facilitated the $2.2 million transaction. The firm also arranged the sale of a three-unit multifamily building with an additional non-conforming coach house and an adjacent development lot located at 3201-3203 S. May St. in Bridgeport. Units include individual furnaces and hot water heaters and in-unit laundry. Multack and Jacob Goldstein, also of Greenstone Partners, arranged the $1 million transaction. 

OSWEGO, ILL. — JVM Realty Corp. has purchased Springs at Oswego, a 280-unit apartment community located 48 miles west of Chicago, and rebranded the community as Trillium at Oswego. Continental Properties sold the property, and Cushman & Wakefield brokered the deal. The purchase price was not disclosed. Located at 801 Fifth St., the gated community was completed in 2019 and features townhome-style units across two-story residential buildings. Residences come in studio, one-, two- and three-bedroom floor plans. Amenities include a heated pool, 24-hour fitness center, a clubhouse with lounge and entertainment areas, outdoor grilling stations, fire pit, car wash, two dog parks and gated access.