Complete Illinois Directory
7 communities across 2 Illinois cities
5001 N. Marine Dr., Chicago, IL 60640
Operator: Independent
8001 S. Martin Luther King Dr., Chicago, IL 60619
Operator: Independent
8200 S. Cottage Grove Ave., Chicago, IL 60619
Operator: Independent
9100 S. Stony Island Ave., Chicago, IL 60617
Operator: Independent
2700 S. Dearborn St., Chicago, IL 60616
Operator: Independent
6200 S. Cottage Grove Ave., Chicago, IL 60637
Operator: Independent
1500 Meadows Dr., Peoria, IL 61614
Operator: Independent
Understanding Your Options
A senior cooperative is a form of homeownership where residents purchase a share in the building — not a deed to a unit. You own your home, build equity, and live in a community of peers.
Purchase a share in the cooperative corporation. Your share gives you the right to occupy your unit — and builds equity over time.
Residents vote on building decisions. You have a voice in how your community is managed — from maintenance to amenities.
Monthly fees typically cover property taxes, insurance, maintenance, and utilities — often less than a comparable condo or rental.
The cooperative handles all exterior maintenance, landscaping, and common areas. You focus on living, not upkeep.
When you're ready to move, you sell your share — often at a profit. Your equity is preserved and transferable.
Senior cooperatives are age-restricted communities designed for active adults 55 or 62 and older.
Your Guide
Seniors Real Estate Specialist designation — specialized training in senior housing transitions.
Lisa focuses exclusively on senior cooperatives — she knows the model, the operators, and the buying process inside and out.
Lisa represents buyers exclusively in senior cooperative transactions — bringing expertise, market knowledge, and personal guidance.
Backed by one of the Midwest's largest and most trusted real estate brokerages.
Thinking of Making the Move?
Most people moving into a senior cooperative use the equity from their current home to fund the purchase. Get a free instant estimate — then Lisa will follow up with a personalized market analysis within 24 hours.
Get an instant estimate plus a personalized report from Lisa Dunn, SRES — Minnesota's senior cooperative specialist.