Affordable Independent Living for Seniors
.
RENAISSANCE SAINT LUKE
1501 W. Belmont Avenue, Chicago IL 60657
773-975-1501
What is it?
Affordable independent living for seniors.
Where is it located?
1500 block of W. Belmont Avenue (at Greenview)
Who are the sponsors?
The Renaissance Companies, a Chicago developer experienced in affordable housing, and Saint Luke Church, which is directly across the street from the site.
What does it look like?
Renaissance Saint Luke is a seven story, masonry building with two (2) elevators to serve the ninety (90) apartments designed for the independent elderly with a mix of thirty-five (35) studios, forty-seven (47) one bedroom and eight (8) two bedroom units.
What physical facilities are included?
The first floor on Belmont includes an entrance lobby and indoor parking. Additional outdoor parking is already available behind the building site which brings the total number of parking spaces to 111. The second floor houses the management offices as well as an indoor community room with an outdoor terrace for the residents to gather and enjoy their home and neighbors.
What services are available?
As the building becomes occupied, Parish Nurse services, intergenerational programming and other such endeavors relevant to the elderly housing will be provided through Saint Luke Church.
Who is eligible to take up residence?
Any individual over age 55 is eligible to become a resident of Renaissance Saint Luke.
How much do these apartments cost?
80% of the units are available to those whose incomes fall at or below 60% of the Annual Median Income. Rates are determined by the resident's income (see below). 20% of the units are offered at Market Rate with no income restriction.
Rental Rates*
Studio units: $320-775
One-bedroom units: $346-1250
Two-bedroom units: $920-1750
These rents are projected and subject to change
*Special rental rate program available for households with 30% of Chicago area median income. These rents are based upon the rent levels established by U.S. Department of Housing & Urban Development and usually increase on an annual basis.
When can residents move in?
The building is available for occupancy. Call 773-975-1501 for a tour or an interview.