IncomePlus Fund

Monroe Aberdeen

Chicago,

IL

Total Required Equity
$16,814,276
Asset Type
Multifamily
Investment Objective
Growth
IRR
14%
Hold Period
3+ Years
Investment Date
3/1/2020

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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