A new generation of housing options helps accommodate the ’rents.
According to census data, more seniors are moving in with their children. But unlike the oft-reported Millennials who still live with Mom and Dad, this trend isn’t entirely pegged to tough economic times. The big reason, according to a recent analysis conducted by real estate website Trulia, is that about a quarter of foreign-born seniors live with relatives. And as the percentage of seniors hailing from outside U.S. borders steadily rises — from 8 percent in 1994 to 13 percent in 2013 — so does the number of parents bunking with kids.
Fortunately, dual home options have paralleled the uptick in multigenerational households, and few high-rise spaces claim better senior-ready accommodations than this 4,900-square-foot, five-bedroom penthouse at 421 W. Melrose, unit 22BCD (above). The 22nd floor Lakeview stunner, with views of Belmont Harbor, is listed for $1,395,000. Its current owners incorporated a 1,400-square-foot mother-in-law suite (as it’s commonly known) replete with living room, dining room, kitchen and bedroom.
Most important when caring for the senior set: “You don’t have to worry about stairs or security,” says Prudential Rubloff broker Brad Lippitz (left, call 773-404-1144). A 24-hour doorman greets entrants (and keeps an eye on those exiting) and the elevator opens into a private 22nd floor entryway.
“If you want your own privacy, you can have it,” Lippitz says to families hoping to strike a balance between maintaining personal space and being close. “But you also have the ability to care for one another.”
Parent ‘hood: Multigenerational families on a budget should consider this smart gut rehab in Garfield Ridge for $274,800. The 1952 four bedroom at 4537 S. Leamington (above) boasts a mother-in-law suite with a bedroom, bathroom and lounge area plus mini-fridge. While a separate entrance grants privacy, the literal “smart” house is wired to keep tabs on opening doors — a bit of relief for caretakers of elderly parents. (Call Baird and Warner broker Linda Ross at 708-525-1951.)
Home comforts: Help family members make themselves at home with cozy, hand-printed organic pillows from local design studio Earth Cadets, which are covered in vibrant colors, patterns and clever phrases. $32–$65; Earthcadets.com