CHICAGO, IL - RMK Management Corp., one of the Midwest’s largest market-rate apartment management firms, has been named property manager for 1407 On Michigan, a 15-story, 199-unit luxury apartment tower at 1407 S. Michigan Ave. in Chicago’s South Loop neighborhood.
“With a smaller unit count than many downtown Class A rental properties, 1407 On Michigan offers a boutique atmosphere that will only be enhanced by the excellent resident experience our management team is known for delivering,” said Anthony Rossi Sr., chairman of Chicago-based RMK Management Corp. “We have a proven track record of leasing and managing properties of this caliber, both in downtown Chicago and other markets, and our team is excited to get started building relationships with the residents at 1407 On Michigan and introducing them to RMK’s brand of five-star service.”
Rossi noted that the property’s vibrant South Loop neighborhood is a great jumping-off point for the RMK team to plan creative resident events and programming.
“Every building we manage has its own unique personality, often shaped by the surrounding community,” he said. “Our team enjoys infusing that local flavor into the activities we plan to engage residents, often tapping a popular local restaurant, bakery or shop to partner with for a resident gathering – and there is certainly no shortage of those businesses to connect with in the South Loop.”
Located at South Michigan Avenue and 14th Street, 1407 On Michigan is convenient to many of the recreational and cultural offerings Chicago is best known for, including the city’s Museum Campus, Soldier Field and Lakefront Trail. The building offers a walkable lifestyle with a location near many restaurants, grocery stores and other shopping destinations, as well as multiple transit options including the CTA’s Red, Green and Orange lines at the Roosevelt Road station.
The property features a mix of studio, convertible and one- to three-bedroom units, measuring 436 to 1,699 square feet with monthly rents ranging from $1,850 to $5,550. All residences have condo-level features and finishes such as engineered hardwood flooring, stainless steel appliances, quartz countertops, custom window shades and an in-unit full-size washer and dryer.
Residents at 1407 On Michigan can access a complete suite of building amenities, including a fully equipped fitness center with Hoist equipment, basketball court, yoga studio, outdoor workout area and locker rooms with sauna; an outdoor pool deck featuring cabanas, fire pits, grills and views of Lake Michigan; and lounge areas including a game room, theater room and party room with kitchen. The property has a 24-hour doorman and offers an on-site dry-cleaning service and an attached heated garage with parking for 43 cars.
Additionally, the building has 40,000 square feet of first-floor commercial space that includes Rush South Loop Medical Center, which offers adult and pediatric primary care with nearly 20 specialists.
About RMK Management Corp: Chicago-based RMK Management Corp. manages more than 7,600 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.