Now Managing: The Court Apartments | 3919-27; 3933-35 N. Pine Grove

PRG Management Now Manages The court apartments on Pine Grove in Lakeview

PRG Management is proud to announce the addition of The Court Apartments, located at 3919-27 N. Pine Grove and 3933-35 N. Pine Grove, Chicago, IL 60613, to our growing Chicagoland property management portfolio. The Court Apartments as a part of a broader management initiative in Lakeview.

The Court Apartments": 3919-27; 3933-35 N. Pine Grove

Nestled in the vibrant Lakeview East neighborhood, Court Apartments offers a seamless blend of vintage character and modern functionality. The Court Apartments 39-unit complex is spread across 2 buildings, set along a classic tree-lined block in historic Lakeview with unbeatable proximity to the lakefront. It features a mix of units from spacious studios to grand 4-bedroom apartments. The court is ideal for professionals, families, and city dwellers seeking convenience and charm just steps from the lakefront.

The Court Apartments retains the look and feel of classic Chicago architecture with ornate brickwork, arched entryways, and vintage detailing that reflect the building’s historic roots. Inside, residents enjoy secure entry access, on-site laundry facilities, and well-maintained common areas. Once again, our Chicago property management team is proud to be trusted with the continued success and profitability of another classic, historical Chicago building.

Full-Service Chicago Property Management

At PRG Management, we take a proactive, hands-on approach to managing The Court Apartments. We are thrilled to offer our comprehensive range of Chicago rental management services, including leasing and tenant oversight, maintenance coordination, vendor management, and detailed financial reporting for our clients.

Our balanced approach allows us to provide more personalized support for residents as well. Through our resident portal, tenants can easily submit maintenance requests, communicate with management, and access important updates anytime, anywhere. Owners can also access financial reports, leasing documents, and other relevant information.

Through PRG Management’s full-service Chicago property management services, The Court remains a well-functioning, highly livable property that both owners and residents are proud to call home.

About PRG Management

PRG Property Management is a full-service Chicago property management company, home to a team of reliable and accomplished brokers, distinguished property managers, and incredible support staff. PRG Management offers a broad range of Chicago property management services for landlords and investment properties that prioritize maximizing your income and minimizing your headaches.

If you’re interested in stress-free Chicago property management, contact us today for a free proposal and more information on our HOA & condo management services.

Now Managing: Sheridan Square | 668-72 W. Sheridan Road; 3915-17 N. Pine Grove

PRG Management Now Manages Sheridan Square in Lakeview

PRG Management is happy to announce the addition of Sheridan Square, located at 668-72 W. Sheridan Road, 3915-17 N. Pine Grove in Chicago, IL 60613, to our growing Chicagoland property management portfolio. Sheridan Square joins our expanding presence in the Lakeview neighborhood as part of our ongoing commitment to preserving and elevating Chicago’s historic multifamily buildings.

Sheridan Square

Sheridan Square is a 15-unit community with a distinctive pre-war charm that blends the classic Chicago charm with essential modern conveniences. This features a wide mix of expansive units, positioned just blocks from Lake Michigan, residents enjoy quick access to the lakefront trail, express buses, CTA Red Line, and all the energy of Lakeview’s vibrant dining and nightlife.

Defined by its ivy-covered brick façade, original architectural details, and a lush central courtyard, Sheridan Square retains the character of a classic Chicago apartment building. Inside, amenities include secure entry, on-site laundry, and professionally managed common areas, all maintained with the responsive care that PRG Management is known for.

Comprehensive Chicago Property Management Solutions

At PRG Management, we take a proactive and detail-oriented approach to managing Sheridan Square Apartments. Our team delivers a full range of Chicago property management services, including leasing and tenant management, preventative maintenance scheduling, vendor coordination, and thorough financial reporting tailored to owner needs.

For both owners and residents, we offer easy access to our online portal, allowing them to submit maintenance requests, view lease documents, and communicate with management at their convenience. By combining operational efficiency with personalized service, we ensure that Sheridan Square remains a well-run, desirable place to live and a high-performing asset for ownership.

About PRG Management

PRG Property Management is a full-service Chicago property management company, home to a team of reliable and accomplished brokers, distinguished property managers, and incredible support staff. PRG Management offers a broad range of Chicago property management services for landlords and investment properties that prioritize maximizing your income and minimizing your headaches.

If you’re interested in stress-free Chicago property management, contact us today for a free proposal and more information on our HOA & condo management services.

What Is a Receiver and When Is One Needed in Chicago Real Estate?

Understanding the Role of a Receiver in Chicago Real Estate

In the complex world of the Chicago real estate market, not every property stays on a stable course. Disputes, defaults, and mismanagement can push even high-value assets into disarray. When that happens, courts may appoint a receiver to step in. If you’re a lender, property owner, or attorney navigating a troubled asset, understanding when and why Chicago receivership services are used is essential to protecting the property’s value and maintaining compliance.

What Is a Court-Appointed Receivership?

A receiver is a neutral third party designated by a court to temporarily take control of a property. The receiver’s primary responsibility is to preserve, protect, and stabilize the asset during a period of financial distress, legal action, or ownership dispute.

Unlike property managers hired by landlords, receivers act under court authority (often at the request of a lender or creditor) and are accountable to the court throughout the process. Meaning more red tape to navigate that often yields a turned-around, profitable property.

When Is a Receiver Appointed?

In many cases, it’s not just about recovering what’s been lost; it’s about preventing further decline to the property. Receivership in Chicago property management is typically used in situations where a property:

• Is facing foreclosure or loan default

• Has been abandoned or mismanaged by the owner

• Is caught in legal or ownership disputes

• Has outstanding code violations or deferred maintenance

• Is no longer generating income due to tenant loss or leasing issues

What Does a Receiver Do?

Court-appointed receivers take full operational control of the property. This can include:

• Collecting rents and managing leases

• Overseeing day-to-day operations and maintenance

• Hiring vendors and securing the property

• Ensuring code compliance and addressing violations

• Providing regular financial reports to the court

• Stabilizing operations to preserve asset value

In cities like Chicago, where commercial and residential property regulations vary block by block, receivership managers require not only up-to-date legal knowledge but also hyper-local management expertise.

Why Chicago Receivership Services Matters

For lenders and stakeholders, a court-appointed receiver is often the most efficient way to protect an asset during a period of uncertainty. It creates a buffer between ongoing legal proceedings and the practical needs of the property.

For the community, receivership can prevent vacant or neglected buildings from becoming safety risks or neighborhood eyesores, protecting property values and the well-being of residents. For attorneys and creditors, professional receivership services provide the documentation and compliance support needed to navigate complex legal proceedings with confidence.

Chicago’s trusted Receivership services

Receivership isn’t always the first option, but when a property’s value, safety, or income potential is at risk, it can be the right one. Whether you’re a lender concerned about asset protection or a legal professional managing a case with distressed real estate, understanding the receivership process in Chicago is a critical part of making informed, strategic decisions.

That’s why at PRG Management, our Chicago property management team understands the urgency and sensitivity surrounding receivership appointments. Our experienced team is equipped to step in quickly and stabilize distressed properties with precision and transparency. If you're navigating a complex property situation and need insight into how receivership can protect your investment, get in touch to explore how we can help.

Take Action Against Illinois HB3564

TELL YOUR REPS: VOTE NO ON HB3564

A new Illinois housing bill, Illinois HB3564, is now under review in the Illinois Senate and could significantly change how rental housing is managed across Chicago and the state. While supporters promote the legislation as tenant-friendly, industry experts warn that it could lead to fewer available rental units, reduce protections for property owners, and make it harder for investors and landlords to offer quality rental housing in Illinois.

Read more and learn how to take action on PearsonRealtyGroup.com

HB3564: JULY 2025 UPDATE

The bill passed the Illinois Senate in May 2025 and is now awaiting final action from the governor’s office. If signed into law, it would impose new rental regulations, expand tenant rights, and potentially override some aspects of local landlord-tenant ordinances, creating various difficulties for property management companies in Chicago. The legislation has sparked strong reactions from both housing advocates and real estate professionals, with ongoing debate about its long-term impact on housing supply and affordability.

For Chicago property management companies, HB3564 represents a major shift in operational compliance and client guidance. Chicago property managers may need to adjust lease agreements, modify tenant screening procedures, and increase administrative oversight to stay in step with new state-level regulations. The bill also reinforces the growing importance of professional management in navigating legal complexity, especially for out-of-state owners and investors who rely on local Chicago property managers to protect their assets. As a leader in Chicago property management, we are ready to overcome any challenges this brings to the market.

Update on PRG Management's Facilities Management Services in Chicago

In today's fast-paced business environment, efficient facilities management is crucial for national organizations aiming to maintain seamless operations across multiple locations. At PRG Management, we specialize in delivering top-tier facilities management and maintenance solutions tailored to meet the unique needs of large-scale enterprises.

Comprehensive Facilities Maintenance Services

Our team of seasoned property management professionals is dedicated to ensuring that your facilities operate at peak efficiency. Our national facilities maintenance services include:

• Preventative Maintenance: Performing regular inspections and servicing to prevent potential issues before they escalate.

• HVAC System Management: Ensuring systems have optimal climate control for comfort, energy efficiency, and safety prevention.

• Electrical and Plumbing Services: Ensuring attention to essential systems to minimize disruptions and structural damage.

• Janitorial and Sanitation Services: Maintaining a high standard of cleanliness and hygiene standards across all facilities.

• Emergency Repair Services: Our rapid response teams are ready to address a wider array of unforeseen issues 24/7, rain or shine.

Why Choose PRG Property Management?

PRG Property Management is a full-service property management company located in Chicago, serving clients nationwide. Partnering with PRG Management offers numerous advantages:

• Nationwide Reach with Local Expertise: While we operate on a national scale, our local teams provide a personalized touch to our facilities management services, ensuring that each facility's specific needs are met.

• Cost-Efficient Services: By consolidating maintenance services under one provider, we can drive proven streamlined processes with reduced operational costs and efficient project turnover.

• Proven Track Record: Our management portfolio includes successful collaborations with national brands, including financial institutions (such as Fannie Mae, Freddie Mac, Chase Bank, Fifth Third Bank, and more) and Fortune 500 companies, delivering consistent and reliable maintenance solutions.

Tailored Solutions for Diverse Industries

We understand that different industries have unique regulations & requirements. Our customizable maintenance plans are designed to align with your specific operational goals. The scope of your coverage can be as comprehensive as you desire, allowing you to be more hands-off while your property is cared for. Whether you're in retail, healthcare, corporate offices, or industrial sectors, our facility management services have you covered through it all.

Our Commitment to Excellence

At PRG Property Management, we pride ourselves on our commitment to excellence and unmatched client support, no matter how big or small. Our property management teams keep a finger on the pulse of the latest local and national industry standards and relevant technological advancements to provide you with innovative and effective maintenance solutions.

Contact PRG Property Management Today: Your Trusted Partner in National Facilities Maintenance.

From preventative maintenance to efficient emergency services, it's critical to have proper facilities management procedures in place to keep operations moving smoothly. Discover how PRG Management can enhance your facilities' performance through our top-tier facilities management and maintenance solutions. Contact us here or by using the form below today to discuss your maintenance needs and learn more about our comprehensive services.

The Hidden Risks of Neglecting Chicago Facilities Management

Proper Chicago facilities management support is the backbone of any well-maintained and profitable commercial property. In Chicago, where extreme weather conditions, compliance regulations, and tenant expectations create a complex landscape for property owners and investors, neglecting facilities management can lead to significant financial and operational setbacks. As experienced Chicago property managers, PRG Management understands the critical role that proactive management plays in protecting investments and ensuring tenant satisfaction.

We collected some of the most common issues we encounter when property owners and investors hire us for our Chicago facilities management services. If you don’t work with a Chicago property management team, you may be at risk of one of these pitfalls.

Increased Maintenance Costs Due to Deferred Repairs

When routine preventative maintenance is overlooked, minor issues inevitably become more costly repairs. For example, a small plumbing leak left unattended can result in extensive water damage, mold growth, and structural deterioration. HVAC systems that are not regularly serviced may fail at the worst possible time, leading to emergency repairs that are both inconvenient and expensive. Our proactive facilities management ensures that these issues are addressed early and regularly, preventing unnecessary financial strain, and preserving the integrity of the property. 

Tenant Dissatisfaction and High Turnover Rates

A property’s physical condition directly reflects its ownership’s commitment to tenant satisfaction. When maintenance concerns are consistently ignored, residents and commercial tenants become frustrated. Leaky roofs, malfunctioning elevators/HVACs, and pest issues contribute to a poor living or working experience, prompting tenants to seek alternative options. High turnover rates mean increased vacancies and additional marketing costs, leading to lost revenue. Maintaining a property’s facilities is key to developing long-term tenant relationships and minimizing disruptions.

Local Legal and Compliance Issues

Chicago has strict building codes and property maintenance regulations that owners must adhere to. With unique requirements for different buildings, it can get complex for those not familiar with the landscape. Ignoring these responsibilities can result in costly fines, legal disputes, and, in extreme cases, condemnation of the property. Routine inspections, preventative maintenance, and general proactive facilities management actions help ensure compliance with fire safety codes, accessibility requirements, and structural integrity standards. Failing to meet these regulations can lead to legal problems that jeopardize a property’s profitability and reputation. 

Safety Hazards and Liability Risks

A poorly maintained property poses significant safety risks. Loose handrails, uneven walkways, faulty electrical wiring, and neglected fire safety systems can all contribute to accidents and severe injuries. When property owners fail to notice and address these hazards, they open themselves up to legal claims and liability lawsuits. A comprehensive facilities management plan mitigates these risks by prioritizing safety, reducing the likelihood of incidents, and protecting tenants and ownership from legal exposure.

Decreased Property Value and Marketability

Neglecting facilities management has a direct impact on property value. A building that shows signs of disrepair, such as peeling paint, outdated systems, and neglected common areas—loses its competitive edge in the market. Investors and prospective tenants notice these deficiencies, leading to reduced interest and lower valuation. Regular maintenance and strategic upgrades help sustain property value and attract quality tenants willing to pay premium rates.

Energy Inefficiency and Rising Utility Costs

An often-overlooked consequence of poor facilities management is energy inefficiency. Outdated HVAC systems, insufficient insulation, and neglected electrical systems lead to excessive energy consumption and high utility bills. Without proper oversight, property owners may be overpaying for resources that could be better managed through routine maintenance and HVAC system upgrades. Implementing energy-efficient solutions through proper facilities management cuts costs and aligns with sustainability initiatives that appeal to today’s tenants.

The Competitive Advantage of Proactive Facilities Management

In Chicago’s enormous real estate market, a well-managed property stands apart from the competition. Proactive facilities management demonstrates professionalism, protects long-term investments, and bolsters tenant retention. A proper property management team will keep these important systems and physical conditions of a building from ever snowballing out of control. By addressing maintenance and safety needs before they become major problems, property owners position themselves for sustained success.

At PRG Management, we understand the complexities of Chicago facilities management and its impact on operational efficiency. A dedicated facilities management approach safeguards your investment, ensures tenant satisfaction, and maintains compliance with important local regulations. For those looking to maintain a high-performing property in Chicago, professional facilities management is not an option—it’s a necessity. Contact us today for a FREE Chicago facilities management proposal or fill out the form below!

Now Managing: South Shore Lakeview Apartments LLC | 7801 S. South Shore

In Chicago’s booming South Shore neighborhood, PRG Management has recently taken on an exciting new management assignment in partnership with South Shore Lakeview Apartments LLC. The classic red-brick residential complex at 7801 S. South Shore is now accepting applications for a variety of units from cozy studios to spacious 3-bedrooms. Multi-family buildings all over the city like this one provide an essential piece to raising a family in Chicago, a safe and dependable space that is cared for. PRG Management is proud to provide our Chicago rental property management services to help fill these vital spaces and help maintain a high standard of care for the building. We work closely with our sister company, Pearson Realty Group, to assist with leases to fill vacancies quickly. From tenant management and leasing services to preventative maintenance and repairs, PRG Management’s comprehensive rental management has you covered.

Recently all units have received full kitchen and bathroom renovations with updated fixtures, along with massive renovations to roof exteriors in the past years, making these spaces even more desirable. Take a look below to see some interesting property highlights and some coming changes to the neighborhood that can massively increase property values!

7801 S. South Shore Highlights

• Property Value: $3,099,000

• Year Built: 1961

• Building Size: 32 Units

• Stories: 4

Unit Mix:

• Type 1: 5 units (Studios, 1 Bath)

• Type 2: 9 units (1 Bed, 1 Bath)

• Type 3: 15 units (2 Beds, 1 Bath)

• Type 4: 3 units (3 Beds, 1 Bath)

SEE FULL PROPERTY DETAILS HERE

Obama Presidential Library: revitalizing the area

Located less than three miles from 7801 S South Shore Dr, is the future site of the Obama Presidential Library, a huge project that will enhance the neighborhood appeal and increase property values. The library, a major cultural and educational hub, will attract visitors and major new investments to the South Shore and surrounding neighborhoods. We look forward to the completion of this project and seeing the positive impacts that it has on the local community and Chicago as a whole. Look out for more updates.

PSIQUANTUM QUANTUM COMPUTING CENTER: Reshaping the south shore

American quantum computing company, PsiQuantum recently announced plans to open a massive quantum computer at the old Chicago US Steel South Works property, just minutes away from 7801 S. South Shore. This development is poised to revitalize the surrounding area by bringing in massive investments, and hundreds of jobs, improving property values, and solidifying Chicago as a modern tech hub. Learn more about PsiQuantum’s 1st US-Based Utility-Scale Quantum Computer in Chicago

PRG Management offers top-tier rental management services for South Shore Lakeview Apartments LLC in Chicago’s South Shore neighborhood. From leasing and tenant management to maintenance and repairs, our comprehensive services ensure a high standard of care for this beautifully renovated property. Trust PRG Management to keep your living space safe, comfortable, and well-maintained.

Are you a landlord or property owner struggling with tenant management or filling vacant spaces? Contact PRG Management today or fill out the form below to receive a free proposal of services and see how we can help maintain profitability in all of your investments!

Now Managing: Park View Marquette LLC | 3000 W. Marquette

PRG Management is proud to announce a recent partnership with Park View Marquette LLC to manage a 85-unit apartment building in Chicago’s Chicago Lawn/West Lawn neighborhood. Located at 3000 W Marquette Road, just across the street from Chicago’s vibrant Marquette Park, this exciting new partnership is the latest multi-family complex that PRG Management has been entrusted to help manage with our award-winning Chicago property management services. We provide this stunning 85-unit apartment building with comprehensive rental management services from regular maintenance and upkeep to lightning fast unit turnovers and work with our sister company, Pearson Realty Group to vet tenants and navigate lease negotiations. PRG Management has a wide network of trusted vendors and crews that can respond quickly to any request or emergency and provide residents with safe living spaces and peace of mind.

The classic Chicago red and brown brick exterior is adorned with intricate ornamental glazed terra cotta designs, making it a standout in the area and an important feature to maintain with regular preventative maintenance. 3000 W Marquette features bright, sunny units with real hardwood flooring, and updated kitchens and bathrooms in every unit. With a unit mix of 1, 2, and 3-bedroom apartments, it’s a versatile investment that provides a dependable and safe living space for Chicago residents.

3000 W. Marquette Road Highlights

• Property Value: $7,100,000

• Year Built: 1927

• Building Size: 85 Units

• Stories: 4

SEE FULL PROPERTY DETAILS HERE

Terra Cotta Design

Ornamental glazed terra cotta designs are a unique and distinctive architectural feature that adds aesthetic value and carries a historical significance to an investment property. These intricate, decorative elements were popular in the early 20th century and are known for their vibrant colors and ability to withstand the elements. This timeless feature enhances the property's appeal for potential investors while also attracting tenants who appreciate living in a Chicago building with character and deep history. By providing Chicago preventative maintenance services for Park View Marquette LLC, we can help ensure these timeless fixtures stay around for years to come.

Are you a landlord or property owner battling with keeping your investment property out of the red? Contact PRG Management today or fill out the form below to receive a free proposal of Chicago property management services and see how we can help create and maintain consistent profitability in all of your investments!

Lakeview's Newest Coffee Hotspot: Queen Bee Cafe Grand Opening

The commercial division at PRG Management is excited to announce a new tenant moving into the former Starbucks space at 3072 N Lincoln Ave; Queen Bee Cafe! The new Cafe is set to open in late June/early July and will offer a unique blend of Greek-style dishes, pastries, and coffee.

In the vibrant neighborhood of Lakeview, a variety of small businesses have settled in, including clothing shops, beauty shops, restaurants, and cafes. The area is full of young professionals, families, and others looking for a strong community. For Queen Bee Cafe, this means an influx of potential customers to target, and a hopeful start for the small business, which PRG Management will help upkeep. Our Chicago property managers are veterans when it comes to managing retail spaces such as this. With proven processes and vetted vendors to ensure smooth operations for all of our tenants.

Check out some photos of the former Starbucks space and Queen Bee’s Cafes soon-to-be home below!

In the vibrant neighborhood of Lakeview, a variety of small businesses have settled in, including clothing shops, beauty shops, restaurants, and cafes. The area is full of young professionals, families, and others looking for a strong community. For Queen Bee Cafe, this means an influx of potential customers to target, and a hopeful start for the small business, which PRG Management will help upkeep. Our Chicago property managers are veterans when it comes to managing retail spaces such as this. With proven processes and vetted vendors to ensure smooth operations for all of our tenants.

However, in such a popular area Queen Bee will be joining a few other cafes that have settled in Lakeview, providing some decent competition for any caffeine fans in the neighborhood. A few examples include Doppio Coffee House, Left Coast Food + Juice, Vigo Coffee, Chicago Diplomat Cafe, and Allegro Coffee. While there are a few other cafes in the area, Queen Bee Cafe’s unique business concept sets it apart as a new space to visit. In the bustling neighborhood of Lakeview, there is a large market that could be drawn in by the new Cafe in the heart of the area.

The Queen Bee Cafe has a very unique concept inspired by the Greek entrepreneur behind the business. The menu will have a variety of Greek-inspired dishes which pay homepage to the rich flavors and culture of Greece. The Cafe will have coffee all day and will offer Greek pastries as well. Queen Bee Cafe will also offer brunch featuring Greek dishes on the menu.

As the opening date for Queen Bee Cafe gets closer, excitement is growing. We can’t wait to see how the neighborhood welcomes Queen Bee Café as Lakeview’s newest coffee destination. It is set to become a beloved neighborhood spot, providing a unique mix of Greek hospitality and culinary excellence. Stay tuned for updates on the grand opening!

If you are interested in commercial or retail spaces in Chicagoland please contact us or fill out the form below to talk to an expert Chicago property manager.

Elevating Property Management: PRG Management Unveils Game-Changing Features

In the fast-paced world of property management, staying ahead of the curve is essential. PRG Management, your trusted partner in Chicago property management, is proud to introduce three new features aimed at improving the way property owners manage their assets and residents.

1. Applicant Workflow and Tracking: Simplifying Resident Screening

Finding the right tenants and minimizing turnover is key to success in property management, and PRG Management's Applicant Workflow and Tracking feature makes the process easier than ever. From listing vacancies to screening applicants and managing lease agreements, this tool streamlines every step of the tenant selection process. Spend less time on paperwork and administrative tasks, and more time on growing your business and providing exceptional service to your tenants.

2. Financial Insights: Empowering Investor Decisions

Managing finances is a core aspect of Chicago property management, and PRG Management's new Fund Accounting feature is set to redefine the process. With this tool, Chicago property owners gain access to comprehensive financial reporting, streamlined budgeting and forecasting, and automated transaction processing. Say goodbye to tedious manual tasks and hello to accurate, efficient financial management that provides a clear picture of your property's financial health at all times.

3. PRG Rewards: Maximizing Value from Property Owners to Residents

At PRG Management, we understand the value of rewarding tenant loyalty. That’s why we are rolling out PRG Rewards, a unique program crafted to benefit property owners and tenants. One of the key features of this program is Chicago Rent Reporting, which allows tenants to build their credit by reporting their rent payments to the major credit bureaus. For just $4.99 a month, tenants can easily enroll through their Resident Center. Once signed up, all rent payments are automatically reported to TransUnion, Equifax, and Experian. By offering this program, property owners can help their tenants improve their credit scores, build loyalty, and maintain long-term residency.
Sign up for Rent Reporting Here

Experience the PRG Management Advantage Today

Ready to experience the difference that PRG Management's innovative tools and exceptional service can make for your Chicago property portfolio? View our list of management services and learn more about these exciting new features and how they can help you achieve your property management goals. With PRG Management by your side, you can streamline your property management, elevate tenant experience, and unlock the full potential of your investments.

If you have any questions please feel free to call us at (312) 600-8896 or fill out the form below and someone from our Chicago property management team will be in touch!