Start Planning Your Future Today
Whatever your timeline, The Admiral at the Lake will be ready with an elevated senior living residence designed for your lifestyle.
The senior residency counselors at The Admiral at the Lake have planning information and resources to help you choose the smart timeframe and use your resources wisely.
Keep reading to learn more about our pricing plans and the smart planning options available at Chicago’s most elevated senior living community.
Resident Pricing Plans for…
Independent Senior Living
What Resident Plan is Right for You?
Compare the cost of a 1, 2, or 3-bedroom residence at The Admiral with our easy-to-use financial calculator, a helpful resource to determine which residential plan is the right one for you.
The Admiral at the Lake features a home for every senior lifestyle.
Select from one of over 45 different floor plans, determine the appropriate monthly service costs (for singles or couples) and the anticipated move-in time frame, and a member of our team will provide specific details on your choice.
By paying an upfront entrance fee, our Independent Living Residents are securing their future through Lifecare. Lifecare is the most comprehensive retirement plan for seniors ready for independent living. The Admiral at the Lake’s Lifecare program offers residents peace of mind, providing health services as needed throughout their lifetime at a predictable rate.
Below is a range of entrance fees and monthly service fees for various apartment styles based on a 90% refundable plan:
| One-Bedroom | Two-Bedroom | Three-Bedroom |
|---|---|---|
| Entrance Fees range from $500k to $900k | Entrance Fees range from $900k to $1.3m | Entrance Fees range from $1.5m to $1.6m |
| Monthly Service Fees range from $3,800 to $5,700. | Monthly Service Fees range from $4,900 to $7,800. | Monthly Service Fees range from $6,800 to $7,500. |
Second Person Entrance Fee is approx. $63k and Second Person Monthly Service Fees are approx. $2k
The fees above are approximate and based on a 90% refundable plan, meaning 90% of the entrance fee is refunded when a resident leaves the community. All apartments are available on a 90% Plan, most are available on a 50% Plan, and some are available on a 0% Amortization Plan.
Pricing Effective as of January 1st, 2024
Entrance Fees & Estate Planning
Entrance fees are the upfront costs that are used to secure a place in the senior living community. These entrance fees at retirement communities, such as The Admiral at the Lake, can lower your monthly fees and cover services, including maintenance, cleaning, and transportation.
Three unique entrance fee options are available, based on “smart” estate planning principles, for prospective residents of The Admiral at the Lake:
- 90% Refundable: The best entrance fee option for those who want to have estate funds set aside for others; available on all residences.
- 50% Refundable: Take this balanced approach to have estate funds available; available on most residences.
- 0% Refundable: Choose this option if you’re looking for the lowest entrance fee; available on select residences.
Questions about the resident pricing plans?
Get in touch with a residency counselor to learn more about the available residences, entrance fees, and estate planning, and community life at The Admiral at the Lake.
Connect with Chicago’s Senior Living Experts
The Admiral at the Lake’s Residency Counselors are here to help with your questions regarding finances.
Questions?
Our team can provide the information you need.
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