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2024

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Best Property Management Companies in Chicago, IL

Our Recommended Top 20

We did the research for you!

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  • User Reviews
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Our goal is to connect people with the best local professionals. We scored Chicago Property Management Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

580Reviewed

356Curated

20Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

415 N Aberdeen St, Chicago, IL 60642

Expertise.com Rating

Review Sources

Realtor
5.0 (41)
Google
4.9 (36)
Facebook
5.0 (23)

Why choose this provider?

Lofty Real Estate Co. provides residential property management in the Chicago metro. It establishes competitive rental prices, markets properties to attract high-value applicants and fill vacancies, and screens all potential tenants for criminal, credit, employment, and rental backgrounds. They offer brokerage services with buying & selling real estate and also specializes in multi-unit acquisitions. The agency handles rent collection, prepares financial statements, deals with all legal issues, responds to all emails and calls, and takes care of maintenance, emergency repairs, and property upgrades to encourage lease renewals.

  • Maintenance
  • Marketing
  • Leasing

Chicago, IL

Expertise.com Rating

Why choose this provider?

Need help contacting a Property Management Company in Chicago? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

1345 N Ashland Ave, Chicago, IL 60622

Expertise.com Rating

Review Sources

Yelp
4.0 (34)

Why choose this provider?

Open Path Realty LLC has over ten years' experience providing residential and commercial property management in the Chicago metro area. It represents owners of single-family homes, single-unit condominiums, multiunit apartment buildings, and commercial real estate spaces. Services include collecting monthly rent, holding security deposits, sending monthly statements to clients, conducting routine maintenance, responding to tenant inquiries, coordinating repairs, and setting up recurring lawn care and snow removal. All management contracts are month-to-month.

  • Leasing
  • Tenant Screening

3501 East 106th Street, Chicago, IL 60617

Expertise.com Rating

Review Sources

Google
4.9 (117)

Why choose this provider?

Marblestone Property Group caters to clients in and around Chicago. It provides full-service property management services, specializing in the city's subsidized housing, including the Chicago Housing Authority. It offers assistance in filling vacancies, advertising rentals, processing applications, managing lease signings, and collecting rent. Its property managers are also responsible for scheduling maintenance work and repairs and evicting tenants. The team builds and executes tailored management plans and systems to protect clients' investments. Marblestone Property Group has been in the industry since 2013.

  • Collection
  • Leasing
  • Accounting Services

150 N Michigan Ave Ste 2800, Chicago, IL 60601

Expertise.com Rating

Review Sources

Yelp
5.0 (2)

Why choose this provider?

Founded in 1988, Eldorrado Chicago Real Estate LLC provides property management for homeowners and real estate investors throughout all 77 official Chicago community areas and over 200 distinct neighborhoods. It has experience managing single-family homes, townhouses, two- to four-unit multifamily complexes, and commercial and mixed-use properties. The company handles a wide range of services, including rent collection, tenant communications, vendor coordination, invoicing, monthly reports, lease preparation, day-to-day maintenance, and emergency repairs.

  • Maintenance
  • Marketing
  • Accounting Services

10 E Ontario St Fl 7, Chicago, IL 60611

Expertise.com Rating

Review Sources

Google
4.6 (37)
Facebook
4.6 (27)
Yelp
4.0 (7)

Why choose this provider?

NRS Rental Property Management, Leasing, and Investing is a full-service property management firm serving Chicago and its neighboring areas. It works with real estate investors and rental property owners to maximize their long-term residential property investing goals. Whether clients need unique investment strategy developments or specific market data analysis, the diverse team of experienced real estate investing experts and property managers at NRS Rental Property can customize a tailored suite of services including marketing, leasing and screening, maintenance, 24/7 after-hours call center, inspections, accounting and reporting, rent collection, value-add assessment, and more.

  • Maintenance
  • Leasing

405 N Wabash Ave Ste P3N, Chicago, IL 60611

Expertise.com Rating

Review Sources

Yelp
4.5 (32)

Why choose this provider?

Streeterville Realty LLC provides property management services in Chicago for homeowners and investors. It offers a large selection of services, including filling vacant homes and units with well-qualified tenants, collecting security deposits and monthly rent payments, taking care of all monthly and annual financial reports, and communicating with renters and vendors. The property managers also conduct regular inspections, oversee move-ins and move-outs, and handle all repairs and general maintenance needs.

  • Maintenance
  • Collection
  • Tenant Screening

2636 N Lincoln Ave, Chicago, IL 60614

Expertise.com Rating

Review Sources

Google
4.1 (73)
Yelp
2.0 (34)
Facebook
5.0 (12)

Why choose this provider?

Located in Chicago, Illinois, Real Property Management Chicago Edge offers a full range of property management services to property owners in Chicagoland, Lincoln Park, Berwyn, Lakeview, and Evanston. In business for more than a decade, it helps residential property owners find and assess potential tenants to fill their properties. It also handles rent collection, and if necessary, evictions of tenants. The business' top goals are to help property owners maximize their income and minimize their costs.

  • Maintenance
  • Marketing
  • Collection

Chicago, IL 60657

Expertise.com Rating

Review Sources

Google
4.1 (36)
Yelp
4.0 (29)

Why choose this provider?

Root Realty, a Chicagoland Apartment Association member, is a family owned and operated Chicago property management business serving clients since 1983. The firm’s president has managed and sold real estate for more than 40 years, and the VP is a Certified Apartment Manager. Proactive services include tenant communications and strong vendor relationships, allowing for competitive rates. Root Realty specializes in managing small to midsize, mixed use, and multi-family rental properties.

  • Maintenance
  • Leasing
  • Property Inspection

3341 S Lituanica Ave, Chicago, IL 60608
WebsiteLicense: 481013466

Expertise.com Rating

Review Sources

Google
4.1 (28)
Facebook
5.0 (7)
Yelp
3.0 (2)

Why choose this provider?

Chicago Style is a property management company that serves both landlords and tenants. It can inspect each client's property to estimate resale and rental values. For first-time and long-time tenants, the company processes rental payments online and connects them to 24/7 maintenance services. It also processes all documents for financial records and invoices. Chicago Style handles all tenant-landlord disputes and can mediate any financial or maintenance conflicts. If necessary, it processes evictions and fair housing complaints.

  • Property Inspection
  • Property Maintenance

10805 S Halsted St, Chicago, IL 60628
WebsiteLicense: 481013031

Expertise.com Rating

Review Sources

Google
3.9 (102)
Yelp
1.0 (3)

Why choose this provider?

Medallion Property Management LLC caters to clients in the Chicago metro and the surrounding communities. It manages various types of properties, including commercial spaces, multi-family buildings, and single-family homes. It assists with the acquisition, construction, leasing, maintenance, and selling. Medallion Property Management has been in the business since 2013. Its team of real estate and management professionals brings more than 50 years of combined experience in the industry and focuses on helping clients maximize their investments.

  • Tenant Screening
  • Property Maintenance

5875 N Lincoln Ave Ste LL42, Chicago, IL 60659
WebsiteLicense: 475186593

Expertise.com Rating

Review Sources

Google
4.4 (12)
Yelp
3.0 (2)

Why choose this provider?

Keyrenter Property Management Chicago North is a company that serves rental homeowners and multifamily apartment managers in the local metro and the surrounding areas. It screens tenants by checking possible criminal backgrounds along with employment and credit history. The business handles legal evictions and maintains and inspects properties. It also has an online learning center where clients can access guides about the real estate industry. Owner John Golden has over 25 years of experience in sales management and banking.

  • Tenant Screening
  • Property Inspection
  • Property Assessment

1335 W Fargo Ave., Chicago, IL 60626
WebsiteLicense: 478027353

Expertise.com Rating

Review Sources

Google
4.4 (89)
Yelp
2.0 (8)

Why choose this provider?

Owned by Marty Max, MLC Properties and Management serves the Chicago metro. Managing various types of real estate, the company offers property management services to help protect and maximize property owners' investments. Clients can save time and resources by allowing the company to manage their property including showings to prospective tenants, catering to tenant emergencies, and attending to maintenance issues through in-house systems and exclusive vendors. The company's property management software keeps renters informed on property rent status, rent collection, and tenant eviction.

  • Maintenance
  • Marketing
  • Leasing

55 EAST MONROE STREET (CORPORATE), STE 3800, Chicago, IL 60603

Expertise.com Rating

Review Sources

Google
4.7 (24)
Yelp
2.7 (3)

Why choose this provider?

ALPS Group is a full-service company that manages a variety of commercial and residential properties, including commercial rental properties, residential subdivisions, owner occupied, and real estate investments. The company’s service area covers the continental United States in a localized service. It focuses on minimizing costs and maximizing market value.

  • Maintenance
  • Tenant Screening
  • Property Inspection

600 W Cermak Ave, Ste 2A2, Chicago, IL 60616
WebsiteLicense: 471008586

Expertise.com Rating

Review Sources

Google
4.4 (152)
Yelp
2.5 (23)

Why choose this provider?

HomeRiver Group Chicago has been providing real estate management services for clients in the metro since 2006. It helps property owners and investors increase the value of their properties and maximize their income. Its property managers perform leasing, tenant screening, rent collection, maintenance, and eviction assistance. HomeRiver Group's real estate portfolio comprises apartments, condos, and single-family homes. Susan Heaton, who serves as business development manager, has over 23 years of industry experience.

  • Market Vacancies
  • Property Maintenance

1212 N Ashland Ave #202, Chicago, IL 60622

Expertise.com Rating

Review Sources

Google
4.8 (124)
Facebook
4.5 (8)
Yelp
5.0 (3)

Why choose this provider?

Landmark Property Management is a full-service property management company in Chicago that handles all matters related to real estate for landlords and investors. It handles marketing, tenant screening, rent collection, maintenance, and repairs, and it provides clients with detailed financial reporting tools to keep track of their properties. The managers also take care of move-in and move-out inspections, lease renewals, and the eviction process. Other services include real estate sales, property rehabilitation, and new construction.

  • Maintenance
  • Marketing
  • Collection

Chicago, IL 60637

Expertise.com Rating

Review Sources

Google
4.5 (521)
Yelp
4.5 (70)

Why choose this provider?

GC Realty & Development, LLC has been managing residential rental and commercial properties in Chicago since 2005. Its property managers provide rental analysis and reports to set rental rates. Moreover, they screen applicants, assist in tenant placement, and handle lease approvals and renewals. They market vacant properties online, generating property listings, and advertising them on the company's website. They also aid in rent collection and maintenance issue resolution. GC Realty & Development, LLC is guided by the principle of responsiveness.

  • Maintenance
  • Leasing
  • Tenant Screening

1000 N Milwaukee Suite 201, Chicago, IL 60642

Expertise.com Rating

Why choose this provider?

PRG Management oversees residential and commercial properties in Chicago and the surrounding areas. Its property management services include rental listing, property showing, tenant screening, and maintenance coordination. It monitors the properties to ensure they comply with relevant city codes. It also handles financial and administrative tasks, such as rent collection, accounting, and policy renewals and claims. In addition, the company manages commercial properties and financial institutions for industry clients, such as Fannie Mae and Freddie Mac.

  • Accounting Services

5401 W. Lawrence Ave #300813, Chicago, IL 60630
WebsiteLicense: 481013744

Expertise.com Rating

Review Sources

Thumbtack
5.0 (14)
Google
5.0 (1)

Why choose this provider?

Three Pentacles, PLLC, is a family-owned and family-operated property management company that serves residential and commercial property owners in Chicago and nearby suburbs. Since 2010, they have been managing properties in receivership for the State of Illinois Courts and the United States District Court Northern District of Illinois. Its broker, Arthur R. van der Vant, collaborates with property owners, banks, and lawyers in managing different spaces, like multi-family homes, condominiums, HOAs, single-family residences, and vacation rentals. He has been a landlord and a property manager since 1988.

  • Leasing
  • Accounting Services
  • Tenant Screening

19031 Old Lagrange Rd Ste 210, Mokena, IL 60448

Expertise.com Rating

Review Sources

Google
5.0 (27)
Yelp
3.0 (2)

Why choose this provider?

MF Cashflow is a residential property management firm serving Chicago and the surrounding areas. Its team of professionals conducts market analysis and lists vacancies on over 80 rental sites. Team members help find qualified renters, evaluating prospective tenants based on criminal history, employment records, and credit and rental backgrounds. Moreover, they ensure timely maintenance issue resolutions and keep owners updated on matters such as rent collection and tenant management. MF Cashflow maintains an owner portal for services like statements access.

  • Maintenance
  • Marketing
  • Collection

Compare our Top Property Management Companies

NameExpertise RatingAddressPromotionsLearn more
Lofty Real Estate
415 N Aberdeen St, Chicago, IL 60642Call for estimate
Open Path Realty LLC.
1345 N Ashland Ave, Chicago, IL 60622
Marblestone Property Group
3501 East 106th Street, Chicago, IL 60617
Eldorrado Chicago Real Estate
150 N Michigan Ave Ste 2800, Chicago, IL 60601
NRS Rental Property
10 E Ontario St Fl 7, Chicago, IL 60611
Streeterville Realty LLC
405 N Wabash Ave Ste P3N, Chicago, IL 60611
Real Property Management Chicago Edge
2636 N Lincoln Ave, Chicago, IL 60614
Root Realty
Chicago, IL 60657
Chicago Style
3341 S Lituanica Ave, Chicago, IL 60608
Medallion Property Management LLC
10805 S Halsted St, Chicago, IL 60628
Keyrenter Property Management Chicago North
5875 N Lincoln Ave Ste LL42, Chicago, IL 60659
MLC Properties and Management
1335 W Fargo Ave., Chicago, IL 60626
ALPS Group
55 EAST MONROE STREET (CORPORATE), STE 3800, Chicago, IL 60603
HomeRiver Group Chicago
600 W Cermak Ave, Ste 2A2, Chicago, IL 60616
Landmark Property Management
1212 N Ashland Ave #202, Chicago, IL 60622
GC Realty & Development, LLC
Chicago, IL 60637
PRG Management
1000 N Milwaukee Suite 201, Chicago, IL 60642
Three Pentacles, PLLC
5401 W. Lawrence Ave #300813, Chicago, IL 60630
MF Cashflow Team
19031 Old Lagrange Rd Ste 210, Mokena, IL 60448

FAQs

  • What is property management?

    Property management is the business of controlling and overseeing real estate, including residential and commercial rental properties. These professionals handle general maintenance and day-to-day operations on behalf of the property owner. They’re responsible for marketing properties, finding and screening tenants, collecting rent, and preparing units between leases. They may also handle repairs, evictions, and any problems that arise.

  • What does a property manager do?

    Professional property managers perform critical tasks throughout the leasing life cycle, from preparing a rental property, through tenant move-ins and move-outs. They can also provide referrals for legal advice, home repairs, and services that aren’t covered by the management agreement. Here are some of their key responsibilities:

    • Marketing and listing vacant units
    • Processing applications and screening tenants
    • Conducting quarterly and annual inspections
    • Orchestrating move-in procedures
    • Coordinating maintenance and repairs
    • Collecting rent and applying penalties
    • Conducting move-out inspections and returning deposits
    • Handling evictions and posting quit notices
    • Complying with fair housing regulations
    • Compiling monthly expense reports
    • Preparing annual tax documents

  • How much do property management companies charge?

    Property management fees can vary substantially depending on the size of the property, number of units, and scope of service. Property owners can expect to pay one month of rent to fill vacant properties and 10% of the gross cash flow to manage the property. Investors should also account for monthly maintenance, contributions to a reserve repair fund, and early termination fees if they decide to cancel the property management contract. Evictions and other non-routine services typically cost extra.

  • How do I manage a rental property from out of state?

    Managing a property isn’t easy, and the job is even more difficult for out-of-state landlords. Thorough tenant screenings are the best way to prevent many common problems. Landlords should also maintain strong relationships with neighbors who can alert them if anything goes wrong. Investors who prefer a more hands-on approach should consider hiring a property manager to represent their interests.

  • Does a property manager need a real estate license?

    Yes, in most states, property managers must have a real estate license to advertise rentals, show properties, sign lease agreements, collect rent, and perform other fiduciary activities. A community association manager license or similar certification may also be required for professionals who want to work for an HOA or apartment complex, although this credential is optional in most states.

  • How do I find a good property management company?

    Property managers differ significantly in their approach and level of expertise. It’s important for owners to screen potential candidates to ensure that they're choosing the most qualified professional. Here are a few questions to ask during the interview:

    • How many units do you manage?
    • How big is your staff?
    • Do you have a maintenance crew?
    • How long does it take to fill vacant units?
    • What happens if my tenant doesn’t pay on time?
    • Have you ever filed an eviction?
    • What type of communication can clients expect from you?

  • Do property management companies find tenants for rental properties?

    Yes, finding tenants and filling vacancies are key responsibilities for property managers. These professionals are responsible for advertising the property, and they handle all inquiries, applications, and showings. To find the most qualified tenants, managers perform background and credit checks, verify references, and confirm the applicant’s employment information, which can prevent problems and extra costs down the road.

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