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Addresses Associated with this Lease
Address
City, State, Zip
Property Name
Long Name
Address Detail
2450 S State St
Chicago IL 60616
Near South High School
Future site of new Near South High School
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Lease Information
Description:
Ground lease for future Near South High School
Lease or License Type:
IGA
Lessor or Licensor:
Chicago Housing Authority
Lessee or Licensee:
Board of Education of the City of Chicago
Board Report:
22-0928-OP7-2; 23-0125-AR1 #18
Effective Date:
04/03/2023
Termination Date:
04/02/2078
Annual Rent:
None*
Maintenance:
CPS Responsible
Capital Improvements
CPS Responsible
Utilities:
CPS Responsible
Other Expenses:
Notes
*In lieu of rent, Board has purchased 2240 S Wabash Ave & 2300-32 S Wabash Ave as a replacement site for CHA. PINs: 17-27-100-012 17-27-108-006 through -012, -016 & -017 (2) 20 year renewals, the first is automatic
File Attachments
CHA Ground Lease_ 2450 S. State (4.3.23-4.2.78).pdf
CHA IGA_Land Exchange for New Near South HS (4.3.23-2.1.27).pdf