Listing provided courtesy of Jameson CommercialMREDas Distributed by MLSGrid- MLS# 12557106
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Request Info1940 S Western Avenue #205Chicago, IL 60608
Commercial · 0.70 Acres$19
Active
1940 S Western Avenue #205 Overview
- Time on Site:
- 133 days
- Visits:
- 1
FULLY FURNISHED MODERN OFFICE SUBLET OPORTUNITY. The term is November 30, 2030, Approximately five (5) years. A new lease for a longer term is available. The present tenant, Esperanza Health Centers, is relocating its administrative offices to a new headquarters building. The premises are in immaculate condition and furnished with full amenities. In 2020 this former industrial space was completely renovated into a modern nicely decorated office with 42 work stations, 12 private offices, 3 conference rooms, 4 phonebooths, a classroom/event space, file room, storeroom, and ample employee gather space. Two freight elevators provide direct service to a 2 bay loading dock. One elevator has been renovated to be ADA compliant. The $19.25 MG includes the estimated 2026 CAM of $1.14 per SF and the estimated 2025 real estate taxes payable in 2026 of $1.79. The Pink Line at Western Station is one block south. The Metra at Western Station is two blocks north.
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1940 S Western Avenue #205 Facts & Features
- Type Commercial
- Lot 0.70 Acres
Details
General
Income/Expenses
- Existing Lease Type: Modified Gross
Building Information
- Year Built: 1968
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Lower West Side
- Township: West Chicago
Rent/Lease Information
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Tax Stops
General Information
- Property Sub Type: Office
- Property Type: Commercial Lease
- Zoning: COMMR
Interior
General Information
- Cooling: Central Individual
- Electric: Circuit Breakers
- Flooring: Carpet, Tile
- Foundation Details: Concrete Perimeter
- Leasable Area: 14869
- Stories: 2
Unit Information
- Unit SqFt.: 14869
- Unit Number: 205
Exterior
Lot Information
- Lot Size Acres: 0.7
- Water Source: Municipal Water
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 1
- Utilities: Electric to Site,Natural Gas Available,Sewer Connected,Water Available
1940 S Western Avenue #205 Neighborhood
Community
60608 (CHICAGO) Demographics
33
Median Age
12,268
Population Density (per sq. mile)
35%
College Educated
$57,183
Estimated Median Income
10,169
Estimated Total Home Owners
16,042
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1940 S Western Avenue #205 Market Data
Based on the last 30 days in this zip code
$465,593
Average List Price
$352
Average Price per Square Foot
26
Properties Sold
74
Average Days on Market
85
Properties for Sale
1940 S Western Avenue #205 History
| Date | Value | Agent |
|---|---|---|
| 2/21/2026Source: MRED | Active |
|
| 2/16/2026Source: MRED | February 16, 2026 |