CHICAGO, IL - RMK Management Corp., one of the Midwest’s largest market-rate apartment management firms, has been selected by East Chestnut Realty LLC and DC21 Realty LLC to oversee property management for 21 East Chestnut, a 24-story, 168-unit luxury apartment building in Chicago’s Gold Coast neighborhood. The community, which recently underwent extensive renovations to all common areas and most apartments, is 91% leased.
“With our extensive experience leasing and managing Class A properties in downtown Chicago, we are thrilled to add this exceptional building to our management portfolio and introduce its residents to RMK’s five-star service,” said Anthony Rossi Sr., chairman of Chicago-based RMK Management. “Our stellar on-site team is well-positioned to serve the residents of 21 East Chestnut during this exciting time as we emerge from pandemic life. No doubt plans are already in motion for a number of fun and engaging resident events, especially with warmer weather around the corner as it will allow us to take advantage of hosting gatherings around the building’s stunning and recently renovated rooftop and heated pool.”
21 East Chestnut offers 84 studio and 84 one-bedroom apartments, with one bath, measuring 450 to 1,850 square feet. Current rents for studio apartments range from $1,750 to $1,850 per month, and rents for one-bedroom apartments range from $2,495 to $2,850 per month.
Renovations to the building began in 2019, and approximately 90% of the apartments have been revamped. The stylish new units feature abundant closet space, stainless steel appliances, hardwood flooring throughout, quartz countertops, and in-unit washer and dryer.
Common area improvements to 21 East Chestnut include new carpeting, lighting and painting of all residential corridors; a fully refurbished rooftop deck with a heated pool and sundeck, new grilling stations, fire pits, seating areas and furnishings; a new fitness center with state-of-the-art cardio and weight training equipment; a new resident lounge with seating area, conference room and private Wi-Fi pods; and a redecorated lobby entry.
“We’re very excited to help residents get the most out of 21 East Chestnut’s newly designed common areas, especially the renovated coworking area,” said Rossi. “With so many renters opting for a hybrid work schedule, the building’s new conference rooms, private booths and dedicated Zoom rooms are exactly what they want from a work-from-home set up.”
Located at the intersection of East Chestnut Street and North Wabash Avenue, in the heart of Chicago’s Gold Coast, 21 East Chestnut has a “walk score” of 100, placing residents within easy walking distance to some of Chicago’s premier shopping, dining and cultural attractions. The building is also in proximity to Loyola University Chicago, Loyola University Chicago School of Law, numerous parks, the lakefront and public transportation.
21 East Chestnut is a pet-friendly community, allowing cats and dogs, with some breed restrictions, and a two-pet limit per unit. The community offers bike storage and a package locker system, and garage parking is available directly across the street, in which residents can secure a space for $275 per month.
About RMK Management: Chicago-based RMK Management Corp. manages over 6,200 apartment homes in the Chicago, Indiana, Wisconsin and Minnesota areas. The company’s portfolio spans a range of apartment types, from high-rise and mid-rise buildings to two- and three-story walk-up apartments, garden apartments and affordable housing. RMK also develops, builds and renovates communities.