Overview
Jones Lang LaSalle (Illinois) L.P, ("JLL") is pleased to present The Aberdeen West Loop (“The Aberdeen”, or “the property”), an 81- home boutique apartment community in Chicago’s finest neighborhood - the West Loop. Boasting a 99 Walk Score, residents at the property benefit from an ideal live-work-play lifestyle with immediate access to all that the West Loop offers. The property features large, 1,038 SF average unit sizes with gourmet chef’s kitchens, stainless steel Bosch appliances, granite countertops, and more. Surrounded by vibrant nightlife, Chicago’s finest culinary scene, and the city’s top employers, these renters-by-choice are drawn to having the best of Chicago at their doorstep. The property is 95% occupied with 100% occupancy on its retail - providing investors with an incredible investment opportunity in the West Loop.
Investment Highlights
Chicago's Best Location
- Irreplaceable West Loop Location
- Steps to Whole Foods, Target, and Mariano's
- 1 Minute Walk to McDonalds HQ
- Immediate Access to Restaurant Row's 40+ Restaurants on Randolph Street
- Close Proximity to Top-Tier Retailers
- 300% Increase in Population Since 2000
Condo-Quality Apartment Interiors
- Large and Spacious Average Unit Sizes - 1,038 SF Avg.
- Gourmet Chef's Kitchens
- Stainless Steel Bosch Appliances (In Select Units)
- Custom Designed Closets with Built-in Shelving
- Bamboo Hardwood Floors
- 10’ Ceiling Height
- In-Unit Washer/Dryer
Strong Property Performance
- 95% Occupied Apartments
- 100% Occupied On-Site Amenity Retail
- 8% Trade-Outs on New Leases
- 4% Trade-Outs on Renewals
Surrounded By Life-Science and Office Industry Expansions
- 100% YoY Office SqFt Growth 2016-2021
- 70% of Chicago's New Office Absorption is in Fulton Market Since 2020
- Mark Zuckerberg to Invest $250M in Fulton Market for Life Sciences
Luxury Renter's Market
- 100% Market Rate Units
- Affluent ~$184k Avg Resident HHI
- 20% Rent-to-Income Ratio Suggests Room for Significant Rent Growth
- Staggering $1.1m Avg. Luxury Condo Sale Price in Past 3 Years (2013+ Vintage)
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