Located in the bustling City West submarket of Chicago, IL, this mixed-use property offers investors a unique opportunity to participate in the real estate market. EquityMultiple, in partnership with DMG Capital and EM Investment Partners (EMIP), is presenting a $4M LP equity opportunity for the acquisition of this attractive property.

Comprising of 47 Class A residential units and 3.1K square feet of ground-floor retail space, this property was built in 2017 and is currently 94% occupied on the multifamily side and fully leased with Wingstop and VannHardin on the retail side. The acquisition price represents a 27% discount to comparable sales, making it an appealing investment prospect.

The business plan for this property involves minor capital improvements and adjusting rental rates to better reflect market conditions. With current rates approximately 30% below market levels, there is significant potential for increased profitability through operational efficiencies and strategic management.

DMG Capital, a seasoned player in the Midwest multifamily market, has a track record of success in similar properties. EquityMultiple's previous collaboration with DMG in the Chicago metro area resulted in a 23% increase in rents post-acquisition, surpassing initial forecasts and delivering strong returns to investors.

Investors looking to diversify their portfolio and capitalize on the growth potential of the City West submarket should consider this opportunity. With an estimated minimal return of 5.8% and a property value of $15,118,396, this investment offers a solid foundation for long-term growth and income generation.