3925 N Ashland Ave
Chicago, IL 60613
Illinois Department of Human Services (Condo) · Multifamily Property For Sale · 1 Unit

The Boulder Group is pleased to exclusively market for sale a single tenant condominium leased to The Illinois Department of Central Management Services located in Chicago, Illinois. The space is exclusively used for The Illinois Department of Human Services and serves as the Family Community Resource Center. The lease expires in April 2025 and features one 5-year renewal option. There are 2.5% rental escalations throughout the primary term and options of the lease. The 2,035 square foot condominium benefits from its location along North Ashland Avenue (33,400 VPD) and proximity to West Irving Park Road which experiences over 30,000 vehicles per day. Ashland Avenue is one of the most heavily trafficked streets connecting Lincoln Park to many other neighborhoods. Lincoln Park is approximately two miles from the property and is one of the most affluent neighborhoods in Chicago. Tenants in the area include Starbucks, Popeyes, Play It Again Sports, Duke Animal Hospital, Fidelity National Title, Domino’s, 7-Eleven, and several others. The property is also one block from Lake View High School with over 1,400 students enrolled. There are 1,072,582 people living within five miles of the property earning an average annual household income of $117,642. It is also less than one mile from Wrigley Field. Illinois created IDHS in 1997, to provide the state's residents with streamlined access to integrated services, especially those who are striving to move from welfare to work and economic independence, and others who face multiple challenges to self-sufficiency. The Department of Human Services is one of Illinois' largest agencies, with more than 13,000 employees.