Monroe Aberdeen Place_Property for Sale
Monroe Aberdeen Place_Property for Sale
1050 West Monroe Street & 33 South Aberdeen Street - Chicago, IL 60607

Monroe Aberdeen Place

Asset Description

JLL is pleased to present Monroe Aberdeen Place (the “Property”, or “Monroe Aberdeen”), a 120-home boutique apartment community nestled in the heart of Chicago’s booming West Loop neighborhood. With a walk score of 99 and a bike score of 93, residents have direct access to every aspect of life right outside their door. The West Loop is a hub for top employers, in-demand retailers, and the city’s most sought-after restaurants. Additionally, the Property is steps from the Illinois Medical District, top-tier schools, bars, parks and entertainment venues, making it an ideal destination for young professionals and families alike.


Monroe Aberdeen offers residents spacious, condo-quality units in the best submarket of Chicago. The Property offers a diverse range of floor plans, featuring one, two, and three bedrooms, along with luxury gray and white kitchen color schemes. These homes span an average of 1,116 SF and feature the best finishes, including 10-12’ ceilings, chef’s kitchens, bamboo flooring, and many more upscale features. The Property offers elevated living with 1:1 parking, private outdoor space for every unit, and grilling stations on the roof. This opportunity is available free and clear.

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Attributes

Number of buildings
2
Number of floors
4 floors
Number of units
120 units
Building area net
12,437 m²
Occupancy
96%
Year built
2018

Media

Investment Highlights

Walk-to-Everything Location

• Exceptional West Loop Location just Steps from Booming Fulton Market

• Walking Distance to Top Employment such as McDonald’s Headquarters and

Illinois Medical District

• Close Proximity to Excellent Retailers, Restaurants, and Grocery Stores including Mariano’s, Target, and Whole Foods

• 99 Walk Score and 93 Bike Score

• Adjacent to Highly-Rated Whitney Young and Skinner West Schools as well as Mary Bartelme, Union, and Skinner Parks

• Steps Away from CTA Train, Bus Lines, Metra, and Highways


Condo-Quality Apartment Interiors

• Spacious Average Unit Sizes of ~1,116 SF

• Two Modern Kitchen Scopes Available (White and Gray)

• Chef’s Kitchens featuring Granite Countertops, KitchenAid Stainless Steel and Island Microwaves

• Best-In-Class Units inclusive of Bamboo Floors, 10-12’ Ceilings and Open Floor Plans

• Private Outdoor Space for Every Unit

• Individual Rooftop Lounges for Fourth Floor Residents in Addition to Private Balcony


Premier Property Fundamentals

• 80% Retention Rate Year-to-Date

• 100% Market Rate Units

• 96% Occupancy at the Property

• Strong Employer Base and Impressive Average Household Income of ~$260,000

• Low 18% Rent-to-Income Ratio Proves Significant Rent Growth Potential

• Significant Discount to Nearby Condos including $7.56M Unit Sold 1 Block Away


Outstanding Submarket

• Chicago’s Most Desirable 24-Hour Submarket

• Burgeoning Life Science Cluster and Proximity to Growing Illinois Medical District

• 232% Increase in West Loop Population since 2000

• $1.4M Avg. Luxury Condo Sale Price in Past Year (2018+ Vintage)

Monroe Aberdeen Place 4_Property for Sale
Monroe Aberdeen Place 4_Property for Sale

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Last updated
13 Jun 2024