Redevelopment Opportunity in Homan
3245 W Arthington Chicago, IL 60624
For Sale
$8,268,000
Large-scale redevelopment opportunity near Kedzie-Homan Blue Line CTA Station.
Property Size292,000 SF
Price / SF$28.32
Days on Market248
Property Features for 3245 W Arthington
General Information
Standard status
Active
Size
292,000 SF
Property subtype
Development
Listing Agency:
SVN | Chicago - Corporate
(312) 676-1860
Listed By:
Scott R. Maesel · License #BK3436826
Source:
Svnchicago
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 27 at 4:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Chicago - Corporate
Investment Insights
Based on property information with market context.
This portfolio presents an opportunity for redevelopment in Homan Square, Chicago, Illinois. The offering includes the former 11-story Allstate office building at 3245 W Arthington, a parking structure at 3240 W Arthington, and a developable land site at 3201 W Arthington. The portfolio, totaling 292000 square feet, can be purchased as a single unit or divided. The location is four blocks from the Kedzie-Homan Blue Line CTA Station and four blocks from the I-290 freeway, with the Chicago Loop four miles away. Additional land is available for parking or ground-up development. The property is offered for $12 per square foot.
Key Highlights
- Large‑scale redevelopment opportunity including an 11‑story former Allstate Headquarters, a parking structure, and land.
- Potential for division of the portfolio into separate purchases.
- Additional land available for parking or ground‑up development.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Land - Large-scale redevelopment opportunity near Kedzie-Homan Blue Line CTA Station.
Where is this land located?
The property is located at 3245 W Arthington Chicago, IL.
What is the asking price?
The asking price for this property is $8,268,000.
What are key features of this property?
This property features: Large‑scale redevelopment opportunity including an 11‑story former Allstate Headquarters, a parking structure, and land.; Potential for division of the portfolio into separate purchases.; Additional land available for parking or ground‑up development.
