Marquette Companies acquired Ascend St. Charles, a 400-unit apartment community in a prime location near highly-rated schools and key transportation corridors in Chicago’s western suburb of St. Charles, Illinois.
Located on a landscaped 25-acre site at 100 Lakeside Drive, east of the village’s downtown, Ascend St. Charles offers a mix of one-, two- and three-bedroom apartments, with monthly rents starting in the mid-$1,600 range. Select units feature stainless steel appliances and white painted cabinets, fireplaces, private outdoor space, and in-unit washers and dryers. Amenities include a 4,838-square-foot clubhouse that was recently renovated and includes enhanced remote-work spaces; an upgraded fitness center; a residents’ lounge and game room; and a swimming pool and sundeck surrounded by lounge seating. Ascend also offers parking for 650 vehicles, including 72 attached and 80 detached garage spaces, for an average of 1.6 parking spaces per unit.
The community is located near major employers including Fermilab, Northwestern Medicine and RR Donnelly & Sons; and is served by St. Charles Community Unit School District No. 303, which is rated by Niche.com as the best public school district in Kane County, Ill., with an A+ rating. Ascend St. Charles was 96% occupied as of April 2024.
Marquette plans to reposition Ascend by renovating its residences with modern finishes and adding upgrades to the clubhouse and common amenities to meet the demand of residents who are not in the market for new construction but want a similarly elevated living experience.
