Strauss Realty & Management

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Overview

$1,000+

Min Project Size

10 - 49

Employees

2021

Year Founded

ABOUT STRAUSS REALTY & MANAGEMENT

Expert Property Management in the Chicagoland area

Strauss Realty & Management is a premier commercial property management company in the Chicagoland area, dedicated to enhancing asset value and providing exceptional service to property owners. We adopt a hands-on approach to managing each property as if it were our own, ensuring efficiency, tenant satisfaction, and sustained profitability. Our services encompass full-service and partial-service management, with a particular emphasis on cost efficiency, lease management, and proactive maintenance. Whether you own multifamily, office, retail, or industrial properties, Strauss Realty & Management offers the strategic oversight necessary to safeguard and increase your investment. With decades of experience in real estate, we approach property management with a proactive and investor-focused mindset. In collaboration with our brokerage arm, Strauss Realty, we deliver integrated leasing and management solutions that reduce vacancies and enhance asset performance. Our team works closely with owners to develop management strategies that align with their financial objectives while fostering strong tenant relationships. From daily operations to long-term asset planning, Strauss Realty & Management provides results-oriented management that enables property owners to concentrate on expanding their portfolios and maximizing returns.

Languages Spoken

English

HIGHLIGHTS

$1,000+

Min Project Size

10 - 49

Employees

2021

Year Founded

Services

Focus

Industries

Clients

Services Provided

35% Architectural Design

8% Lighting Design

7% Other Design

30% Logo Design

20% Brand Identity Design

About the Team

OUR STORY

Founded by experienced investors frustrated with subpar commercial property management, Strauss Realty & Management is committed to caring for clients' assets as their own. Operating across the Chicagoland area, they specialize in managing both commercial and residential properties, including mixed-use buildings. Their flexible service packages range from full-service management—covering tenant acquisition, rent collection, maintenance coordination, and financial reporting—to partial services tailored to owners preferring hands-on involvement. Utilizing modern platforms like AppFolio, they streamline operations such as online rent collection and year-end CAM reconciliations. Collaboration with an in-house brokerage enables effective tenant leasing, reducing vacancies and enhancing property value. The company fosters tenant satisfaction through responsive communication, contributing to long-term occupancy. Strauss Realty also offers a referral program, underscoring their client-focused approach.

Portfolio

Turnaround Property Management Assignment

3301 W. Belmont, LLC

When Strauss Realty & Management took charge of an old, vacant manufacturing facility on the North Side of Chicago, it was in poor condition—outdated, cluttered, and far from being lease-ready. The owner was facing increasing costs with no obvious route to profitability. However, we recognized the potential within the property. The Transformation We initiated a comprehensive cleanup and demolition, removing old machinery and obsolete infrastructure. After the space was cleared, we undertook a vanilla box renovation to create a clean, open layout that would appeal to modern businesses. By collaborating with reputable vendors, we achieved a balance of cost-effectiveness and quality, implementing smart upgrades to enhance leasing potential. Securing the Right Tenant With the space ready for occupancy, we teamed up with Strauss Realty to market the property. Within weeks, we attracted a doggy daycare looking to expand. They appreciated the open layout, which was ideal for play areas and kennels, as well as the management company's reputation, which facilitated a smooth transition. We arranged a long-term NNN lease, ensuring stable cash flow for the ownership. The tenant was pleased with the agreement, and our efficient leasing process enabled a seamless move-in. Seamless Operations & Strong Tenant Relations Since the lease was signed, our team has actively managed the property to ensure smooth operations. With the tenant responsible for taxes, insurance, and maintenance, ownership experiences minimal challenges while we oversee property management. The daycare has flourished, expanding its customer base and establishing itself as a neighborhood favorite. With no issues in rent collection, a positive tenant relationship, and a high-performing asset, we excel in what we do. If you're in need of expert property management, we would love to connect.

Multifamily Property Management Assignment

3940 N. Pulaski, LLC.

When Strauss Realty & Management took charge of a mixed-use building with six dated apartments and a commercial area, it required a significant renovation. The apartments were in poor condition, leasing activity was slow, and the owner wasn’t fully leveraging the property’s capabilities. We intervened to revitalize it into a high-performing asset. **Renovation & Leasing** Our initial move involved a complete renovation of all six apartment units, transforming them into attractive, modern studios aimed at appealing to quality tenants. We prioritized strategic upgrades—efficient layouts, premium finishes, and resilient materials—that improved both the functionality and long-term value of the units. During the apartment renovations, our brokerage team at Strauss Realty actively marketed the commercial space, ensuring that the entire building would produce substantial income. Once the renovations were finished, we executed a carefully crafted leasing strategy, leading to impressive outcomes: full occupancy and competitive rent increases. **Long-Term Success** Today, the building is completely leased, operates smoothly, and delivers steady cash flow to the owner. The commercial tenant is doing well, and the apartments attract reliable renters at premium prices. Thanks to our proactive management, rents continue to climb, turnover is low, and the property remains a robust, appreciating asset. At Strauss Realty & Management, we excel in transforming underperforming properties into success stories. If you’re seeking a team to maximize your building's potential, we’re here to help.

Single Tenant Retail Property Management

1883 2nd St., LLC

When Strauss Realty & Management took over this property, the ownership needed a reliable, long-term tenant to enhance its value. The space showed promise, but it was essential to find the right occupant and secure advantageous lease terms. That's where we came in. The Deal Utilizing our knowledge and industry connections, we directly engaged with a national franchise hair salon, negotiating a robust NNN lease that guaranteed steady cash flow and limited responsibilities for the owner. Our ability to create a deal that benefited both the franchise and the landlord resulted in a win-win situation. Hands-Off Ownership, Strong Performance Since the lease was secured, the salon has prospered, attracting consistent foot traffic and providing stability for the property. With minimal maintenance and few challenges, the ownership enjoys a hands-off investment while we manage smooth operations and maintain a solid relationship with the tenant. The property now functions like a well-oiled machine—delivering steady income, low overhead costs, and featuring a national brand as a long-term tenant. At Strauss Realty & Management, we specialize in transforming properties into high-performing, hassle-free assets. If you're in need of professional management, let's have a conversation.

1 more project

Projects & Clients

Project Size & Rate

Minimum Project Size

$1,000+

Pricing Snapshot

Min Project Size

$1,000+

Avg Hourly Rate

N/A

Cost Rating

N/A

What Clients Have Said

"Strauss Realty & Management delivers quality projects within budget and timeline expectations based on verified client feedback."

Based on verified reviews and internal benchmark data

PROJECT BUDGETS

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Architectural Design

Lighting Design

Other Design

Logo Design

Brand Identity Design

Locations

Headquarters

4220 West Montrose Avenue

Chicago, Illinois, United States 60641

+17737363600

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