Senior Housing and Assisted Living Facilities for Sale in Illinois

Haven Senior Investments is proud to introduce a Memory Care business and portfolio.

VALUE HIGHLIGHTS:

• Fully occupied community producing over $525,000 NOI.
• Solid need for memory care in the local market as evidenced by NIC Map/Vision data.
• Profit margin is currently running under 20%, providing an opportunity for operational improvement.
• Resident Manager/Director oversees operations at each location for turn-key operation.
• Maintains an outstanding reputation in the industry.

To receive an Offering Memorandum please sign the following Non-Disclosure Agreement.

ID#013717    Approximate Beds/Units:  253    Location:  South Holland

Another firm is pleased to introduce a former Senior Living Facility, an exceptional investment opportunity in the heart of South Holland, IL. This well-maintained property, encompassing 253 units, is thoughtfully designed to foster a vibrant, social environment for its residents. The expansive 162,816 square foot, six-story building sits on nearly 8 acres of beautifully landscaped grounds, featuring lush courtyards, walking paths, and an outdoor gazebo — perfect for enjoying a serene summer day. Previously operating as a senior housing community, the property offers a wide range of modern amenities including a spacious grand dining room, a private recreation room, a large commercial kitchen, a café, a library, multiple lounge areas, activity rooms, a chapel, salon, and common balconies on each floor. These features and its strategic location in a densely populated suburb less than 20 miles south of Chicago make it an ideal candidate for redevelopment as a continued senior living facility. The facility’s strong local demand fundamentals are supported by a surrounding population exceeding 460,000 within a 7-mile radius. This offering provides the unique opportunity to acquire a significant asset in a dense urban submarket of the Chicago MSA with attractive value-added potential. Since 2019, the property has seen over $1.5 million in capital improvements, including roof replacement, unit conversions (from studios to one-bedrooms), and common area renovations, positioning it well for future growth and enhanced resident satisfaction. The seller, a non-profit entity, has enjoyed the benefit of property tax exemption, furthering the financial appeal of this opportunity. If you are interested in redeveloping the site into a modern senior living community this property offers a compelling investment opportunity with significant upside potential. Don’t miss the chance to secure a landmark asset in a prime location.

ID#013716   Approximate Beds/Units: 29AL & 32 IL    Location: Sterling

Another firm is pleased to introduce a 29-bed Sheltered Care and 32-unit Independent Living Facility. The facility is 90% occupied. The site is improved with a steel frame, brick veneer, and is masonry-sided.  The facility is a 17-bed Sheltered Care and 32-unit Independent Living Facility. The gross building area is 46,517±SF and was reportedly built in 1979. The 1,200±SF basement area is used for laundry, storage, and mechanicals. There are 49 units in 49 rooms. There is a three-stop 3,500 lb hydraulic elevator. There are a total of 49 independent and sheltered living units. The independent living units are divided into one or two bedrooms a living area, a kitchen, and one bathroom with a shower. The sheltered care units are private or semi-private and each includes a bathroom with a shower only. The first floor of the building contains 23,517±SF  divided into 17 sheltered care rooms, office areas, a dining room, common washrooms, a nurse’s station, a kitchen, an employees lounge, mechanical areas, and a 14-stall enclosed garage. The second floor of the building contains 11,500±SF and is divided into 16 independent apartment units, corridors, an elevator lobby, two laundry rooms, and mechanical areas. The third floor of the building contains 11,500±SF and is divided into 16 independent apartment units, corridors, an elevator lobby, two laundry rooms, and mechanical areas. The gross building area including the basement is 47,717±SF.

ID#013715   Approximate Beds/Units:   150    Location:   Olympia Fields

Another firm is pleased to introduce an 85,000 SF Health Care Building in Olympia Fields.  EXECUTIVE SUMMARY: Historic building with short commutes and easy access to Chicago and the suburbs including N.W. Indiana’s population of 750,000 and +.22 acres of land for your development needs. There are two major hospital networks in the immediate area.
PROPERTY FACTS:

Lot Size: 22.00 AC

Price Per Bed: $36,667

Sale Type:  Investment or Owner User

No. Beds: 150Property Type: Health Care

No. Stories 2

Property Subtype: Assisted Living

Year Built: 1955

Building Class: B

ID#013714   Approximate Bed/Units:  TBD    Location:  Adams County, Suburban Central Illinois

Another firm is pleased to introduce a lovely twenty-year-old retirement and assisted living facility, on 7 acres in suburban central Illinois, providing residential care for seniors with excellent reviews. The facility is adaptable for smaller group homes. The business is consistently profitable and cash flows from the purchase of the real estate. There is room on the property for expansion to increase residential capacity by 25% or more. The facility opened in 2002 with the first 4,200 sq ft building containing 8 units. Three additional buildings have been added, two with lower levels and additional apartments. The facility has developed an excellent reputation and has been consistently full.