Sun Rises Once Again on Sunset Village

Updating a story MHProNews last published May 27, 2013 regarding the plagued Sunset Village manufactured housing community in Glenview, Ill., new owners have purchased the property out of a three-year foreclosure. Former owner Richard Klarchek was sued by Cook County and the state for failing to adequately address water quality and other maintenance problems, dropping the community into foreclosure. He then filed personal bankruptcy, which further complicated Sunset’s fate. Occupancy fell from around 300 homes to 150, according to chicagotribune. David Worth, principal of Ravinia Communities LLC (formerly October Investment Properties), is one of the new owners along with JDI Realty LLC and The Wolcott Group LLC. Ravinia owns about 2,500 manufactured home sites in seven states, including Illinois, California, Florida and Michigan, Worth said. “We’re coming into this with eyes wide open,” Worth said. “Our sole focus is improving the community and bringing it back to what it was a few years ago, when it was probably the most affordable option on the North Shore.”

(Photo credit: glvenviewpatch–Sunset Village)


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