Park Ridge Property Management

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Three Pentacles – Expert Property Management Company in Park Ridge, IL

Looking for reliable property management in Park Ridge, IL? Three Pentacles is a trusted property management company specializing in both residential property management and commercial property management throughout Park Ridge and the surrounding areas. We deliver personalized, professional property management services tailored to meet the unique needs of property owners. Whether you’re managing a single-family home, apartment complex, retail space, or office building, Three Pentacles provides the hands-on support and local expertise you can count on.

Bring your rental property to a new level! Get in touch now!

We Manage All Types of Properties in Park Ridge

About Park Ridge

Incorporated in 1873, Park Ridge is a city in Cook County, Illinois, United States, and a Chicago suburb. The population was 37,480 at the 2010 census. It is located 15 miles northwest of downtown Chicago in Maine Township. Zip code: 60068. The Pottawatomie Indians found our land fertile and rich in natural resources. French explorers knew it as a convenient portage between the Des Plaines and Chicago rivers. Illinois had been a state since 1818 when the first settlers from New England and New York came to this area in the early 1830s. Captain Mancel Talcott built Park Ridge’s first house in the area of Touhy and Dee; his son built a house at Touhy and Northwest Highway in 1840.  

A brickyard was started in the vicinity of Meacham, Elm and Grand Avenue in 1853 by George Penny, giving the little village its first name, Pennyville. At Penny’s request, the name was changed to Brickton in 1858. Expansion came to Brickton with the coming of the railroad, increased immigration from the East and Europe, and as an aftermath of the great Chicago fire in 1871. The agrarian society was changed by the Industrial Revolution, and by the time of incorporation in 1873, Park Ridge had been transformed from an agricultural community to an affluent business town. The new village had no public sewer or water facilities. Water was supplied by private wells and from a well at the intersection of Touhy and Northwest Highway. It was not until 1922 that the city began to purchase water from the City of Chicago.   An eight-room grammar school was built in 1893 on the site of the present library and a high school district was formed in 1902, the year telephone service began. A volunteer fire department was started in 1893 and the first full-time police officer was appointed in 1898. Andrew Carnegie donated $7,500 to fund a library in 1910.  

Citizens impatient to replace unpaved streets and plank sidewalks and expand the inadequate sewer system formed a political group to push for improvements and change to a city form of government. An opposing group fought to keep the small town atmosphere, but the choice was made to incorporate Park Ridge as a city in 1910.   Under the new form of government, a mayor and aldermen—elected from wards—governed rather than a president and trustees elected at-large.   Truck farmers supplied Chicago with vegetables, flowers and spices. Park Ridge was advertised as “A Restoring Place of Health & Vigor, The Recreation Place of the Tired & Worn Out,” and became the first suburban stop on the North Western track. An artist’s colony made up of artisans, sculptors, printers and musicians was established. The park system was formed in 1914.  

The 1920s saw another era of growth. The American Legion, Kiwanis and Lions Clubs were active; Bredemann, Moheisers Clothing Store, Scharringhausen’s Drug Store and George’s Men’s Store were established. (Only the Bredemann Auto Group, now on Dempster Street, is still in business) The Pickwick Theatre, “suburban Chicago’s Most Beautiful Theater,” was opened in 1928.   In the 1930s the WPA (Works Progress Administration) brought men into Park Ridge to repair streets and a WPA mural was painted in the post office at 164 S Prospect, now the School District 64 administration offices. The mural, entitled “Indians Cede the Land,” by George Melville Smith, which had been stored by a Park Ridge citizen for 38 years, was returned to the Park Ridge Public Library in 2008.   During the post World War II boom (1945-1975) the town experienced an almost complete build-up of homes, predominantly ranch-style houses. O’Hare became a commercial airport in 1956, the new library was dedicated in 1958, and Lutheran General Hospital opened in 1959. The exodus from Chicago in the 1960s and 70s, the construction of new expressways, and the growing number of jobs in the suburbs meant further expansion for the city.  

The economic depression of the early 1980s put a damper on building, but by the late 1980s the economy had improved and expansion came in the 1990s as smaller, older houses were replaced with new home construction.   In 1999, the process for creating the Uptown project began and from 2002-2009 the Residences & Shops of Uptown were developed consisting of retail commercial space and residential townhouses, row houses, lofts units and condominiums.   A citizens’ referendum to reduce the size of the Park Ridge City Council from 14 aldermen, two from each of the city’s seven wards, to seven aldermen, one from each ward, was successfully passed in November 2006.  The new seven-member council was elected for the first time in April 2007. The council later voted to stagger the terms of the aldermen, with four wards electing aldermen during one local election and the remaining three wards electing aldermen during the next local election.  

A Village Is Born, “To the Honorable W R M Wallace, County Judge of Cook County Illinois: We the undersigned legal voters residing upon a tract of land known and described as (legal description follows) would respectfully represent that there are residing within said limits a population of not less than four hundred inhabitants…and the best interest of the inhabitants of said tract will be promoted by organizing as a Village under the name of Park Ridge under the provisions of an act of the General Assembly of the State of Illinois.”   With that request of the fifth day of February A D 1873, to put the matter to a vote of the 405 inhabitants residing in the territory (based on a census taken by Robert W Meacham and Owen A Sweet), and by an election held on the 15th day of April 1873, and with the swearing in of new trustees on April 23rd 1873, and by the certification of that election on the 19th day of June 1873, the Village of Park Ridge was officially recognized.  

The first trustees elected were George B Carpenter (66 votes), who was elected president by a vote of the trustees; Augustus Dickenson (67 votes); Joseph T Janes (67 votes); Loring D Tenant (65 votes); Charles Kobow (52 votes); and W Sanford Chittendon (32 votes). Samuel E Cummings was elected City Clerk with 61 votes.   The first ordinances adopted by the Board of Trustees “for the government of the Village of Park Ridge,” were organized into 17 Articles, including Auctions, Births and Deaths, Dogs, Fees, Health, Licenses, Misdemeanors, Peddlers, Sale of Liquor, Shows, Sidewalks and Trees.   The Village voted to become a city at an election held on May 24, 1910, in the baggage room of the Chicago and North-western Railroad station. Albert J Buchheit was elected the first mayor and presided at the first City Council meeting on July 7, 1910. The Council organized the city into three wards.

WHY WE'RE DIFFERENT

Our guarantees give you peace of mind, knowing your property is in good hands and that we’re working hard to protect and enhance its value.

With Three Pentacles, PLLC, you’ll have a single point of contact—no more being passed from one representative to another just to get updates on your property. You’ll work directly with a dedicated Asset Manager who knows your property inside and out.

Since 2010, Arthur has served as an Illinois Receiver, managing properties in receivership in both Illinois state courts and the U.S. District Court for the Northern District of Illinois.

We have been closely working with attorneys, judges, and banks. Our managing broker has been an Associate Member of the Chicago Bar Association since 2012.

We are Real Experts in Real Estate™, experienced in property management, real estate investing, mortgages, title insurance, construction, and real estate law. Obtained the following real estate designations and certifications: CCIM, CAI, AARE, PRI, CNE, CIPS, CRB, CRS, GRI, ABR, RECS, SRES, ePRO.

Don’t settle for a typical 9-to-5, Monday-through-Friday property management company—Three Pentacles goes the extra mile, working for you 7 days a week to maximize the value of your property.

Our managing broker is a graduate of an Air Force Academy with a background in aviation engineering. This foundation brings a systems-oriented approach, strong discipline, and sharp analytical skills to our work—enabling us to efficiently help property owners improve and turn around their assets.

We perform tenant screening and background checks using a Private Detective Agency.

We combine modern technology, online-systems, and decades of real estate experience with old fashion values. We run this company the way our grandparents taught us: “Anything worth doing, is worth doing right.” TM

Our team has helped landlords throughout Chicagoland and across Illinois maximize the value of their real estate investments. Let us put our expertise and dedication to work for you, too!

Arthur holds the equivalent of two doctorates in real estate through advanced professional designations:

  1. CCIM Designation (2000): In 2000, Arthur earned the prestigious Certified Commercial Investment Member (CCIM) designation from the CCIM Institute. This designation is awarded upon completion of a rigorous graduate-level curriculum and demonstration of extensive qualifying experience. Recognized globally, CCIM professionals are regarded as experts in commercial and investment real estate.

  2. CAI Designation (2010): In 2010, Arthur completed the Certified Auctioneers Institute (CAI) program at Indiana University. This graduate-level program focuses on asset liquidation and auction strategies, and is the highest professional designation in the auction industry.

Since earning his CAI designation, Arthur has served as a court-appointed Receiver in Illinois, managing distressed and litigated properties under the jurisdiction of both state and federal courts.


We understand the ins and outs of local real estate

Three Pentacles, PLLC provided property management services in Cook County, Lake County, DuPage County, McHenry County, and Kane County Illinois. For details see communities listed below:

Cook County

Three Pentacles, PLLC provides property management services across North and Northwest areas of Cook County, Illinois. Our experienced team understands the unique needs of property owners and tenants in North and Northwest areas of Cook County, offering tailored solutions that ensure success: 

DuPage County

Three Pentacles, PLLC provides property management services in DuPage County, Illinois. Three Pentacles manages residential properties and commercial properties in DuPage County, IL. For more information see communities listed below: 

  • Addison
  • Bloomingdale
  • Darien
  • Glen Ellyn
  • Lisle
  • Roselle
  • Wayne
  • Winfield
  • Aurora
  • Bolingbrook
  • Downers Grove
  • Hanover Park
  • Lombard
  • Schaumburg
  • West Chicago
  • Wood Dale
  • Batavia
  • Carol Stream
  • Elmhurst
  • Itasca
  • Oak Brook
  • Villa Park
  • Wheaton
  • Bensenville
  • Clarendon Hills
  • Glendale Heights
  • Lemont
  • Oakbrook Terrace
  • Warrenville
  • Willowbrook

Lake County

Three Pentacles, PLLC provides property management services to property owners in Lake County, Illinois. Three Pentacles manages residential properties and commercial properties in Lake County, IL. For details see communities listed below: 

  • Antioch
  • Buffalo Grove
  • Grayslake
  • Highland Park
  • Lake Barrington
  • Lakemoor
  • Mettawa
  • Port Barrington
  • Round Lake Park
  • Wadsworth
  • Barrington
  • Deerfield
  • Gurnee
  • Indian Creek
  • Lake Forest
  • Lincolnshire
  • North Barrington
  • Round Lake
  • Tower Lakes
  • Waukegan

McHenry County

Three Pentacles, PLLC provides property management services in McHenry County, Illinois. Three Pentacles manages residential properties and commercial properties in McHenry County, IL. For more information see communities listed below: 

  • Algonquin
  • Huntley
  • Barrington Hills
  • Island Lake
  • Cary
  • Lake in the Hills
  • Crystal Lake
  • Lakemoor
  • Fox River Grove

Kane County

Three Pentacles, PLLC provides property management services in Kane County, Illinois. Three Pentacles manages residential properties and commercial properties in Kane County, IL. For more information see communities listed below: 

  • Batavia
  • North Aurora
  • Carpentersville
  • Sleepy Hollow
  • East Dundee
  • South Elgin
  • Elgin
  • St. Charles
  • Geneva
  • West Dundee

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