Illinois Department of Human Services
100% State of Illinois tenancy with 30+ year tenure
Marketing description
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 future 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.
Investment highlights
SINGLE TENANT STATE OF IL
The Property has been occupied by the Illinois Department of Human Services (DHS) Since 1993. They signed a new lease in 2020 and exercised a five-year lease renewal option in 2025. The State agency occupies the entire building and has exclusive use of the parking lot. This DHS location provides integrated social services aimed at supporting local residents.
HIGH CONCENTRATION OF INSTITUTIONAL USERS
The Property is located in close proximity to several major institutions, including the University of Chicago main campus, the Obama Presidential Center, the University of Chicago’s Sonia Shankman Orthogenic School, University of Chicago Charter School: Woodlawn Campus, and the Woodlawn New Communities Program.
ADVANTAGEOUS ZONING
The ±1.51-acre Property is in a Transit Oriented location (TOD) within a Business Zoning District, with the eastern portion zoned B1-3 and the western portion zoned B3-3. Both districts allow for max FAR for a neighborhood context, presenting a compelling opportunity for future redevelopment.
EXCELLENT ACCESS
The Property benefits from its location just steps from the CTA Green Line Cottage Grove station and approximately 0.85 miles west of the Metra 63rd Street station, both providing access to
downtown in under 20 minutes. Additionally, the Property is near some of Chicago’s largest parks, including Jackson Park, Washington Park, and other nearby recreational amenities
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