Oak Trace
Community Snapshot
| Year Established | 1973 |
|---|---|
| Type of Retirement Community | CCRC/Life Plan |
| Name of Parent Organization | Lifespace Communities |
| Name of Management Company | Not provided |
| Tax Status | Not-for-Profit |
| Pets Allowed? | Yes |
| Pet Restrictions | Yes (35 lbs lbs limit) |
| Region | Midwest |
Independent Living
| Number of Independent Living Residences | 351-375 |
|---|---|
| Types of Residential Living Options Offered |
|
| Maximum Number of Bedrooms Offered | 3 |
| Maximum Number of Bathrooms Offered | 5 |
| Range of Floorplan Sizes | 700 sq ft - 1800 sq ft |
| Basements/bonus rooms available with any residences? | No |
Residency Contracts and Pricing
| Types of Residency Contracts Offered | Equalized Rate Lifecare, Lifecare (Type A), Modified (Type B) |
|---|---|
| Refund Options (for entry fee contracts) | 50% Refund, 90% Refund, Non-refundable |
| Range of Entry Fees- Single Occupancy | $158,000 - $1,456,000 |
| Range of Entry Fees- Double Occupancy | $188,000 - $1,486,000 |
| Range of Monthly Fees- Single Occupancy | $5,045 - $9,730 |
| Range of Monthly Fees- Double Occupancy | $7,345 - $11,030 |
| Notes on Contracts and Pricing | Not provided |
Care Services
| Types of Care Services |
|
|---|---|
| Number of Assisted Living/Personal Care Residences | 30 |
| Number of Memory Care Residences | 21-30 |
| Number of Semi-Private Skilled Nursing Residences | 11-20 |
| Number of Private Skilled Nursing Residences | 81-90 |
| Healthcare Center Licensing | Medicare Certified |
| CMS rating for Skilled Nursing Center (if Medicare Certified) | 5 stars |
| Can residents hire their own caregivers in independent living? | 1 |
| Notes on Care Services | Not provided |
Services and Amenities
| Services and Amenities Offered |
|
|---|---|
| Nearest Hospitals (Within a 15-mile radius) | Advocate Good Samaritan Hospital (4.0 mi), UChicago Medicine AdventHealth Hinsdale (6.0 mi) |
| Nearest Colleges or Universities (Within a 15-mile radius) | University of Illinois (6.0 mi), Midwestern University (5.0 mi) |
| Additional Notes | Oak Trace recently opened an Independent Living expansion, named Burr Oak, which includes 140 apartment homes and amenity spaced. All apartments include modern kitchens, tall ceilings, and balconies/patios. Amenities include large fitness center with a pool, hot tub, and group fitness classroom; salon; performing arts center, Hickory Grille restaurant, Grove Cafe, grab-n-go market and much more. |