Evergreen Real Estate Group Completes $4M Renovation of Affordable Community in Chicago

CHICAGO— Evergreen Real Estate Group has completed a $4 million renovation of Bethel Terrace Apartments, a 123-unit affordable seniors housing community in Chicago’s Englewood neighborhood.

Evergreen Construction Co., the firm’s full-service construction arm, managed the six-month project as a phased, “in place” renovation that allowed residents to remain in their homes as improvements were made. Evergreen also helped secure the renewal of Housing and Urban Development (HUD) Section 8 HAP tenant-based assistance for an additional 20 years to help preserve affordability.

Residential units at Bethel Terrace were updated with new flooring; paint; appliances, cabinetry and countertops in kitchens; vanities and plumbing fixtures in baths; energy-efficient baseboard heaters with programmable thermostats; and LED lighting. Improvements to common areas included new paint, flooring, lighting, elevator upgrades, shared Wi-Fi and an enhanced security system. Outside, Evergreen Construction Co. completed a façade restoration and roof replacement, installed new lighting and landscaping, replaced fencing, repaired sidewalks, repaved the parking lot, and added a new garden patio with accessible seating.

The Illinois Housing Development Authority (IHDA) provided financing for the rehabilitation. The community’s nonprofit owner is Englewood Cooperative Apartments.

Bethel Terrace is connected by a ground-level corridor to the adjacent Sangamon Terrace Apartments, a four-story affordable seniors housing development that Evergreen is currently building.