It’s essential to cater to what your residents will use and appreciate most. If you’re in a busy neighborhood, on-site parking may not be as important, but if your property is in a quieter area, parking might be a top priority for your residents.

Assess the Location

The location of your property plays a huge role in determining which amenities will be most attractive. 

For example, if your apartment is in a central location near public transportation, residents may not need a parking space, but they may appreciate a bike storage area or a quick access to nearby cafes. 

On the other hand, if you're in a suburban part of Chicago, amenities like spacious parking and easy access to walking paths or local parks might be more appealing.

Consider Maintenance and Costs

Choose amenities that won’t break the bank in terms of maintenance costs. Amenities like a fitness center, rooftop terrace, or business center are great selling points, but they come with ongoing costs to maintain.

It’s important to balance offering high-end features with keeping them affordable to manage long-term. Also, consider if your property management team can handle the upkeep, especially for larger or high-tech amenities, without excessive strain on resources. 

Ensure your landlord insurance covers potential risks associated with these amenities to protect your investment.

Add Convenience Features

Residents are always looking for conveniences that make their daily lives easier. Smart homefeatures like keyless entry, programmable thermostats, and high-tech security systems not only add a modern touch but also attract residents who value efficiency and safety. 

These amenities can be especially appealing in urban areas like Chicago, where convenience is a major selling point. Package lockers are another must-have for apartment buildings in the city, considering the rise in online shopping.

Plan for the Long Term

When selecting amenities, think beyond just the immediate appeal. Choose features that will stand the test of time and remain desirable to future residents. 

For example, sustainable features like energy-efficient appliances or eco-friendly heating and cooling systems not only help with long-term savings but also attract environmentally conscious residents. 

A well-thought-out investment in amenities today can keep your property competitive in the market for years to come.

Top 5 Must-Have Apartment Amenities That Will Attract Chicago Residents

When it comes to apartment living in Chicago, certain amenities can make all the difference. From outdoor spaces to pet-friendly features, these amenities elevate the living experience and keep your property competitive:

Outdoor Space

Chicagoans love to spend time outdoors, especially during the warmer months. Offering outdoor spaces such as a rooftop terrace, garden, or patio area is a major draw. Residents enjoy having a place to relax, socialize, or entertain friends. 

If your apartment building is in a bustling neighborhood, an outdoor space can provide a peaceful retreat amidst the city hustle. Plus, it’s a great way to differentiate your property from others that lack any green space.

Pet Amenities

With Chicago being a pet-friendly city, offering pet amenities is a must for attracting pet owners. Whether it’s a dog park, pet washing station, or even pet-friendly policies within your building, these features are crucial in making your apartment more appealing to residents with furry friends. 

Many renters prioritize these kinds of amenities when looking for a new place, so adding them can set your property apart in a competitive market. You might even consider hosting pet-friendly events to further enhance the experience.

Smart Access Control

In a tech-savvy city like Chicago, smart access control systems can significantly improve both convenience and security. 

Keyless entry systems, smartphone-controlled locks, and video doorbells offer easy access for residents while keeping the building safe. 

Residents will appreciate the ability to control their access through their smartphones, especially in a city where convenience is essential. This feature also helps reduce the need for traditional keys, which can be a hassle to replace or lose.

Parking and Transportation

While many Chicagoans rely on public transportation, parking still remains an important feature for those who drive. 

Offering on-site parking spaces or secure bike racks can make a huge difference in the desirability of your apartment. For those who don’t own a car, consider proximity to public transit stations. 

Easy access to buses or train lines will attract those who prefer a car-free lifestyle. With Chicago’s various neighborhoods offering different levels of access to both, it’s important to provide the right balance for your property’s location.

Bottom Line

Choosing the right amenities can significantly enhance your property’s appeal and rental income. MTD Property Management, serving landlords across Chicago, is well-equipped to help you identify and implement the most suitable features for your apartment. 

With their expertise, you’ll be guided through the process of selecting amenities that match both your residents’ needs and your property’s potential. Reach out today to discuss the best options for your apartment and make informed decisions that will boost your investment.