WEST CHICAGO, IL. (March 23, 2021) – M Group is pleased to announce the acquisition of Aspen Ridge Apartments, a 253-unit, Class B- garden-style apartment community in West Chicago, Illinois. M Group acquired this portfolio in partnership with RUME.
Built in 1967, Aspen Ridge Apartments consists of eleven 3-story buildings and 206,059 rentable square feet. The property sits on 11.52 acres of land. The 253 total units are comprised of 1BR/1BA and 2BR/1BA units.
Property amenities include a clubhouse, picnic area & barbecue, Amazon package lockers, playground, sports court, Olympic size salt water swimming pool, fitness center, 24 hour maintenance and laundry facilities.
M Group is a privately held real estate and investment firm with offices in Birmingham, Michigan and Aspen, Colorado. M Group has acquired or invested in over 200 properties totaling more than 19,000,000 square feet throughout North America. M Group Principals, Mitchell Mondry, Josh Mondry and Ira Mondry, have over 90 years combined experience in the real estate industry, as well as in operating businesses. M Group seeks existing, income-producing multi-family and commercial properties and considers development opportunities selectively.