The Apartment Source has been selected as the exclusive leasing partner for Montrose Point Apartments, a newly gut-rehabbed multifamily property in Chicago. The 24-unit building is located at 821 West Montrose Avenue in the Buena Park neighborhood and is both managed and developed by Rockwell Property Co.
The property features a mix of one-, two-, and three-bedroom apartment layouts, reflecting a range of unit sizes within a boutique residential setting. As the exclusive leasing partner, The Apartment Source will oversee marketing and tenant recruitment for the entire building.
Tyson Schutz, President and Managing Broker of The Apartment Source, noted the firm’s enthusiasm for the assignment and highlighted the company’s relationship with Rockwell Property Co. He described Montrose Point Apartments as a neighborhood-focused redevelopment and emphasized its proximity to Montrose Beach, which he characterized as a personal favorite location within the city.
Montrose Point Apartments is positioned in the heart of Buena Park, placing residents within a short distance of the lakefront and Montrose Beach. The immediate area offers access to a variety of dining and retail options, contributing to the property’s appeal as an infill multifamily asset within an established neighborhood.
Transit connectivity is a notable feature of the location, with the Wilson Red Line station situated less than a half mile from the building. This access to rail service links residents to other parts of the city and supports the property’s positioning for renters seeking a combination of neighborhood amenities and transit access.
Rockwell Property Co.’s role as both manager and developer of Montrose Point Apartments aligns with a hands-on approach to the building’s repositioning following its gut rehabilitation. The selection of The Apartment Source as the exclusive leasing partner formalizes the leasing strategy for the 24-unit asset as it comes to market.
The collaboration between Rockwell Property Co. and The Apartment Source centers on bringing the fully redeveloped units to lease-up in a lakefront-adjacent pocket of Chicago, where proximity to transit, retail, and outdoor amenities is a core part of the property’s offering.
