Millennium Properties R/E
Millennium Properties R/E is a Chicago-based commercial real estate firm founded in 1996 offering brokerage, property management, REO/receivership, auction, note sales, and consulting services to property owners, investors, banks, and tenants across Chicagoland.
- Company typePrivate
- Founded1996
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Millennium Properties R/E does
Millennium Properties R/E is a privately held, Chicago-based commercial real estate firm founded in 1996 by Daniel J. Hyman that delivers brokerage, property management, and specialized distressed-asset services across the Chicagoland market. Its core offerings comprise a Commercial Real Estate Brokerage platform (covering sell-side, buy-side, commercial leasing, auction services, and note sales) and a Property Management platform (covering general commercial management, REO property management, and court-appointed receivership/bankruptcy services), supplemented by Consulting Services and a tenant-facing Property Search portal with 247 active listings. The firm earns revenue through a hybrid model of transaction-based brokerage commissions, recurring property management fees, auction-related fees, note sale commissions, and professional services consulting fees, with no publicly disclosed pricing. Customers span individual property owners and private investors, banks and financial institutions, family offices and capital groups, business tenants seeking commercial space, and special servicers/bankruptcy trustees. The technology stack is minimal — a WordPress-based property listing website with standard cookie and Google Analytics tooling — and the firm explicitly identifies as a traditional brokerage without proprietary technology platforms, APIs, or AI capabilities.
Millennium Properties R/E firmographics
Firmographics- Name
- Millennium Properties R/E
- Legal name
- Millennium Properties Real Estate
- Website
- https://mpirealestate.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Millennium Properties R/E is a Chicago-based commercial real estate firm founded in 1996 offering brokerage, property management, REO/receivership, auction, note sales, and consulting services to property owners, investors, banks, and tenants across Chicagoland.
- Ownership category
- akta.pro rank
Millennium Properties R/E industry classification
Industry- Product category
- Commercial Real Estate Brokerage
- NAICS
- Real Estate Property Managers (53131), Services to Buildings and Dwellings (5617)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)
- akta.pro primary industry
- Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF)
- akta.pro secondary industries
- Condominium Association Management (BPAJAHAA), HOA / Condominium Association Management (BPAJAFAH)
Keywords
Where Millennium Properties R/E is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Millennium Properties R/E business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Brokerage Commissions: Commission-based revenue from buying, selling, and leasing commercial properties. The firm represents buyers, sellers, landlords, and tenants across all commercial property types, earning transaction-based commissions on each deal closed.
- Property Management Fees: Ongoing property management services for commercial properties including retail centers, office buildings, multi-family, and industrial facilities. Revenue generated through management fees based on property value or a percentage of rental income.
- Auction Services: Live and sealed-bid auction services for commercial properties, creating competitive bidding environments to maximize returns for sellers. Revenue from auction-related fees.
- Note Sales: Connecting investors with performing and non-performing real estate notes, helping lenders gain liquidity. Commission-based revenue from facilitating note transactions.
- Consulting Services: Real estate consulting including market analysis, investment strategy, property valuation, and portfolio optimization for investors and property owners.
- REO/Receivership Management: Specialized oversight for distressed assets and court-appointed receiverships for financial institutions, banks, and note holders. Revenue from management fees for stabilizing and repositioning distressed properties.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Residential Rental Application Fee |
| Other | Pay-as-you-go | Commercial Lease Application Fee |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Millennium Properties R/E product offering
Product offeringCore offering
Millennium Properties R/E is a Chicago-based commercial real estate brokerage and property management firm operating since 1996. The company buys, sells, leases, and manages commercial properties including office, retail, industrial, multi-family, and mixed-use assets across the Chicagoland area. It also offers specialized services including REO management, court-appointed receivership, commercial auctions, note sales, and real estate consulting.
Product overview
Millennium Properties R/E is a Chicago-based commercial real estate firm founded in 1996 offering a unified platform of brokerage, property management, and advisory services. The core offering comprises Commercial Real Estate Brokerage (encompassing Sell, Buy, Commercial Leasing, Auction Services, and Note Sales modules) and Property Management (encompassing REO Property Management and Receivership/Bankruptcy Services as specialized sub-modules, plus Consulting Services as an advisory add-on). These services are supported by a Property Search Platform accessible via the website, and tenant-facing Rental Applications and Maintenance Requests services. The firm works with all commercial property types across Chicagoland, including retail, office, industrial, multi-family, and mixed-use properties.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Over 110 transactions closed in a single year
- +2 more outcomes
Companies that use Millennium Properties R/E
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles4 records
Millennium Properties R/E technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Millennium Properties R/E partnerships and signals
Strategic signalScale indicators8 records
Recent moves6 records
Expansion highlights4 records
Millennium Properties R/E competitors and assessment
Company assessmentBroad incumbents
- Cushman & Wakefield: Global commercial real estate firm with substantial Chicago presence in investment sales, leasing, valuation, and property management. Overlaps with Millennium across nearly all service lines at larger scale.
- Colliers International: Global commercial real estate services firm with a significant Chicago office offering brokerage, property management, valuation, and advisory. Competes with Millennium for institutional mandates while operating at vastly larger scale.
- CBRE: World's largest commercial real estate services firm with full Chicago presence across investment sales, leasing, property management, and capital markets. Overlaps with Millennium across all service lines but at enterprise scale.
- JLL (Jones Lang LaSalle): Global CRE services platform with deep Chicago operations spanning capital markets, agency leasing, property management, and distressed-asset services. Competitor for institutional owners and lenders.
Direct peers
- Marcus & Millichap: Specialized commercial real estate investment sales brokerage with strong Chicago presence, serving many of the same investor, private capital, and small/mid-cap institutional clients as Millennium. Both firms emphasize investment property brokerage across office, retail, multi-family, and mixed-use assets.
- NAI Hiffman: Chicago-based full-service commercial real estate firm offering brokerage, property management, and advisory services across the Chicago metro. Directly comparable regional competitor with overlapping service lines and client base.
- Essex Realty Group: Chicago-focused commercial real estate investment sales brokerage specializing in multi-family and mixed-use properties. Comparable to Millennium's mid-market investor-focused brokerage practice in the Chicagoland area.
- SVN Chicago Commercial: Chicago-area commercial brokerage franchise competing directly with Millennium on investment property sales and leasing, serving a similar mid-market investor and owner-operator client base.
Regional players
- Bradford Allen: Chicago-headquartered commercial real estate firm offering brokerage, property management, and consulting services. Direct Chicago regional competitor with comparable mid-market orientation.
- @properties Commercial: Chicago-rooted commercial real estate brokerage that has expanded into investment sales and leasing. Competes with Millennium for mid-market owner and investor business in Chicagoland.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Millennium Properties R/E social profiles
Digital presenceMillennium Properties R/E financial estimates
Financial estimateRevenue estimate
Valuation estimate
Millennium Properties R/E leadership team
Management profileNumber of profiles
Profiles3 records
Millennium Properties R/E funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Millennium Properties R/E M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Millennium Properties R/E
What does Millennium Properties R/E do?
Millennium Properties R/E is a Chicago-based commercial real estate brokerage and property management firm operating since 1996. The company buys, sells, leases, and manages commercial properties including office, retail, industrial, multi-family, and mixed-use assets across the Chicagoland area. It also offers specialized services including REO management, court-appointed receivership, commercial auctions, note sales, and real estate consulting.
Is Millennium Properties R/E a public or private company?
Millennium Properties R/E is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Millennium Properties R/E founded?
Millennium Properties R/E was founded in 1996. It employs 11 to 50 people.
Where is Millennium Properties R/E based?
Millennium Properties R/E is headquartered in Chicago, United States, in the North America region.
How does Millennium Properties R/E make money?
Six revenue lines are on record. Brokerage Commissions are the primary driver. The others are property Management Fees, auction Services, note Sales, consulting Services and REO/Receivership Management.
Who are Millennium Properties R/E's main competitors?
Broad incumbents on record are Cushman & Wakefield, Colliers International, CBRE and JLL (Jones Lang LaSalle). Direct peers are Marcus & Millichap, NAI Hiffman, Essex Realty Group and SVN Chicago Commercial. Regional players are Bradford Allen and @properties Commercial.
Does Millennium Properties R/E have an API?
No public API is recorded for Millennium Properties R/E.
What industry is Millennium Properties R/E in?
Millennium Properties R/E's product category is Commercial Real Estate Brokerage. Its primary akta.pro industry code is BPAJANAF, Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships), with a secondary code of BPAJAHAA, Condominium Association Management. Its NAICS code is 53131 and its SIC code is 6531.