State of IL. Department of Human Services 915 E 63rd St 31,625 SF Office Building Chicago, IL 60637 $4,750,000 ($150.20/SF) 9.50% Cap Rate

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 915 East 63rd Street (the “Property”), a 100% leased, urban infill office investment prominently located in Chicago’s Woodlawn neighborhood.
The ±31,120-square-foot, single-story office property sits on approximately ±1.51 acres and features over 500 feet of frontage along 63rd Street. The Property consists of two parcels: the eastern parcel, approximately 0.71 acres, is improved with the existing building, while the western parcel, approximately 0.80 acres, is improved with a surface parking lot providing 85 spaces, including ADA-compliant parking.
The property is fully occupied by the Illinois Department of Human Services (IDHS) which is an original tenant of the building, having expanded from its former location across the street in 1993, and has maintained continuous occupancy since.
Zoned within a Business District, the Property benefits from a maximum FAR of 3.0, allowing for nearly 200,000 square feet of buildable area. This presents a compelling opportunity for redevelopment into a higher-density mixed-use or purpose-built project.
Located approximately 8-miles south of Chicago’s CBD (the Loop), the Property is positioned within the Woodlawn neighborhood, home to notable institutions such as the University of Chicago, just two blocks north, and the Obama Presidential Center, approximately 0.85 miles to the east. The Property also offers excellent access to public transportation, with the CTA Green Line Cottage Grove station located one block west and the Metra 63rd Street station approximately 0.7 miles to the east.