JVM Realty Corp. acquires boutique luxury apartment community in Chicago suburb

JVM Realty Corp. announced that it has acquired Ellison Apartments, a newly constructed, 113-unit, transit-oriented luxury apartment community in the Chicago suburb of Des Plaines, Ill. The deal was brokered by CBRE.

Located at 1555 Ellinwood Ave., Ellison Apartments was completed in 2019 and provides alcove studio and multiple one- and two-bedroom layouts, with an average of 894 total square feet per unit. Each apartment home features low-flow water fixtures, LED lighting and many high-end finishes including spacious open kitchens with stainless steel appliances, granite or quartz countertops, 42-inch cabinetry with undermount lighting and subway tile backsplashes, nine-foot ceilings with windows for natural lighting, energy-efficient appliances, wide plank flooring, private balcony or patio and an in-unit, full-size washer and dryer. Select units also feature glass-enclosed showers. The property will also feature first-floor retail space.

Residents also have access a