The Crossings at St. Charles
1690 Covington Ct., St. Charles, IL 60174
Ansonia made an opportunistic off-market acquisition of this garden apartment community—the last Chicago-area asset operated by an out-of-state owner exiting the market—after a prior purchaser walked away from its contract. Located in the prosperous Fox River Valley community of St. Charles, this late 1980s-vintage 208-unit property offers generously proportioned apartments with features commonly found in single family homes, as well as a club house, fitness center and outdoor swimming pool. Ansonia’s “value add” improvement plan includes a contemporary renovation of kitchens and baths, vinyl plank flooring in living areas, and energy-saving measures. A renovation of the clubhouse and addition of a poolside grilling area will further enhance residents’ enjoyment of the property.