• Industrial building with red brick and large iron windows in down town Chicago neighborhood. Other brick buildings surround the area with cars driving by on a sunny day.

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  • Close up of brick building with large iron windows, and a glass front entryway with large metal address numbers and a stone plate above the door that says

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Distressed loft office building acquired through note purchase; office to residential conversion.

West Erie

river north office loft conversion
DATE PURCHASED: MARCH 2026
PURCHASE PRICE: 3.5M
TOTAL PROJECT BUDGET: 9.64M
UNITS: 40
DEAL LEVEL RETURN: 37.9% IRR + 2.5 EQM