Listing Agency: CBRE | Chicago m***@cbre.com Show Phone

Listed By: Michael Graham · License #475152373 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:03PM

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Investment Insights

Based on property information with market context.

This office building, located in the Jefferson Park neighborhood, offers 40915 square feet of space for rent. The property provides on-site parking and secure bike storage. Immediate access to public transportation and highways is available. Upcoming tenant amenities include a conference center and tenant lounge.

Key Highlights

• On‑site parking with immediate access to public transportation and highways.
• Located in the Jefferson Park neighborhood.
• New tenant amenities including a conference center.

Property Analytics

Property Profile

Current Use

V K Physical ... Physician Heights Finance Corporation Loan Service Rizina Hakimiyan Dental Office Armita Hezarkhani Dental Office Nichole Busch Foster Care Service

Suggested Use

Top Pick Acupuncture Catering Service Discount Store Nursing Home Gym & Fitness Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.75 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,576

Businesses Nearby

Explore this area Business Placement

Demographics for 60630, IL

54,064

Population

23,393

Households

2.3

Avg Household Size

40

Median Age

44%

College-Educated

91%

High-School Grad

4.7 sq mi

ZIP Area

11,503

Density / Sq Mi

$97,134

Median Household Income

$54,576

Median Earnings

$1,357

Median Rent

$362,900

Median Home Value

Market

Lease Benchmarks for Chicago, IL

$18.64 /SF/Yr

Avg Asking Price

$11–$32.5 /SF/Yr

Price Range

44,505 SF

Avg Space Size

This space is priced 34% above the average of $18.64 /SF/Yr.

Vacancy Rate% for Office in Chicago, IL

17.9% 2019

19.2% 2020

20.7% 2021

23.1% 2022

23.3% 2023

25.1% 2024

25.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Office building in Jefferson Park neighborhood with tenant amenities.

Where is this office building located?

The property is located at 4849 North Milwaukee Avenue Chicago, IL.

What is the lease rate?

The lease rate is $25 SF/Yr.

What are key features of this property?

This property features: On‑site parking with immediate access to public transportation and highways.; Located in the Jefferson Park neighborhood.; New tenant amenities including a conference center.