Chicago’s Condo EV Revolution: How Forward-Thinking Building Management Companies Are Transforming Multi-Unit Residential Charging in 2025

The Windy City is experiencing an electric vehicle revolution that’s reshaping how building management companies approach multi-unit residential charging infrastructure. With Illinois setting an ambitious goal of having 1 million electric vehicles registered in the state by 2030, Chicago’s condo and apartment buildings are at the forefront of a charging infrastructure transformation that’s both challenging and revolutionary.

The Current Landscape: A Perfect Storm of Demand and Complexity

Since 74.3% of Chicagoans live in multi-unit housing, the challenge of providing accessible EV charging isn’t just significant—it’s critical for the city’s electric future. Recent data shows that 75% of newly-built properties in Chicago now offer EV charging, with every new building in 2024 offering EV charging—that’s right, 100% of them.

The transformation is being driven by real market forces. Installing EV chargers can increase property values by up to 15%, according to an Urban Land Institute analysis cited by CBRE (2025). This financial incentive, combined with growing tenant demand, is pushing building management companies to act decisively.

Breaking Down the Technical Barriers

Building management companies in Chicago face unique challenges that require innovative solutions. Older buildings may lack the electrical capacity or infrastructure to support multiple charging stations, requiring costly upgrades. However, 2025 has brought breakthrough load management technologies that are changing the game.

Advances in technology have turned what was once a technical challenge into an accessible, effective system that dynamically adjusts charging rates according to electrical demand. This solution not only enhances efficiency but also ensures safety by preventing overloads.

Smart load management systems now allow building managers to install up to 10x more chargers on limited infrastructure with patented SmartPower™ technology. This means that buildings don’t need massive electrical upgrades to accommodate multiple EV chargers—a game-changer for older Chicago properties.

Real-World Success Stories

Chicago has already seen impressive implementations. Epic Charging migrated 148 smart charging stations at a 401-unit condominium building in downtown Chicago. With over a quarter of the units opting for an EV charger in their dedicated parking spaces, this project is believed to be one of the nation’s largest residential installations of EV chargers to date.

The success of projects like 600 N Lake Shore Drive demonstrates what’s possible when building management companies embrace comprehensive EV solutions. Board President Sunil Mehra noted that Epic’s “turnkey software and support services made configuring and operating 148 individual EV chargers in a multi-story parking garage seamless and hassle-free”.

Navigating Regulatory Requirements

Chicago’s regulatory environment is evolving to support EV infrastructure development. Chicago is joining the growing number of U.S. cities that are requiring multifamily buildings to make accommodations for electric vehicle owners. The ordinance requires that new residential developments with 24 units or more provide—at minimum—two EV-ready parking spaces.

For building management companies, this means planning ahead is no longer optional—it’s mandatory. The City of Chicago requires an electrical permit for electric vehicle chargers, though Chicago’s Easy Permit Process program can often process permits within a day.

Financial Considerations and Cost Management

One of the biggest concerns for building management companies is managing the financial aspects of EV charging infrastructure. Peak demand charges can be significant—demand charges for a 16.8 kW charger in the United States can reach $1,600 per year, representing 30 percent of the charger cost on a recurring basis.

However, innovative billing solutions are emerging. Buildings can now enroll in local utility ComEd’s Voluntary Load Reduction (VLR) program, which helps support grid reliability during peak hours while continuing to meet resident charging needs. The program pays participating sites at least $0.25 per curtailed kWh during peak-demand events.

The Role of Professional Installation

The complexity of modern EV charging systems in multi-unit buildings requires professional expertise. When building management companies need reliable EV Charger Installation Chicago services, they’re looking for contractors who understand both the technical requirements and the unique challenges of multi-unit residential properties.

Professional installation ensures compliance with local codes, proper load management integration, and long-term reliability. Expert teams ensure a seamless installation process, bringing efficient and reliable charging solutions directly to residential properties.

Looking Ahead: The Future of Multi-Unit EV Charging

The multi-unit residential charging market is experiencing unprecedented growth. Apartment buildings (multi-unit residential) are forecast to rise from nearly nil currently to about 15% of all the market in 2025 and 17% in 2030.

Building management companies that act now are positioning themselves advantageously. By planning for these installations now, property owners can future-proof their buildings and stay ahead of evolving market demands and environmental regulations.

Key Takeaways for Building Management Companies

Chicago’s condo EV charging revolution presents both challenges and opportunities for building management companies. Success requires understanding new load management technologies, navigating regulatory requirements, and working with experienced installation professionals. The companies that embrace this transformation today will find themselves leading the market tomorrow, with properties that attract environmentally conscious residents and command premium values.

The revolution is here, and Chicago’s building management companies are proving that with the right approach, multi-unit residential EV charging infrastructure can be both technically feasible and financially beneficial.