Greenstone Partners is taking on the listing of 915 E. 63rd St., a 100% leased urban infill office investment located in the Woodlawn neighborhood of Chicago.
The property is being offered at a listing price of $4,750,000. Greenstone Partners’ Malek Abdulsamad, Director, is representing ownership as the exclusive investment advisor.
The 31,120-square-foot, single-story property sits on approximately 1.51 acres with over 500 feet of frontage along 63rd Street. The asset includes two parcels: the office building and a surface parking lot with 85 spaces.
The property is fully leased to the Illinois Department of Human Services (IDHS), which has occupied the building since 1993, providing stable, long-term income backed by a government tenant.
Zoned Business District with a 3.0 FAR, the site allows for up to nearly 200,000 square feet of future development, offering long-term upside.
“The high cap rate paired with a government tenant that’s been in place for over 30 years makes this a compelling, durable investment,” Abdulsamad added.
Located approximately eight miles south of downtown Chicago, the property benefits from proximity to major institutions and strong transit access, including the CTA Green Line and Metra.
