IncomePlus Fund

Monroe Aberdeen



Total Required Equity
Asset Type
Investment Objective
Core Plus
Projected IRR
Hold Period
3 Years
Investment Date
March 2020

Investment Summary

Built in 2018, Monroe Aberdeen is a 120-unit multifamily property in the booming West Loop neighborhood of Chicago. With a premier urban infill location, the asset is in walking distance to dozens of world-class restaurants and hundreds of thousands high-quality jobs. The property’s units are condo-quality and consist of mostly two and three bedroom floor plans. Monroe Aberdeen offers a more sophisticated and desired option for the neighborhood’s “renters-by-choice” profile. With a bike and walk score of over 90, and a transit score of 87, the location provides easy access to numerous top-quality restaurants, grocery options and a multitude of employers, including the McDonald’s World Headquarters and Google’s rapidly-expanding Chicago office.

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