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Oversized Lot in Southport Corridor

1236 W Melrose St, Chicago, IL 60657

For Sale
Contact for pricing

Rare 5,050 SF lot in prime Southport Corridor location.

Property SizeContact for details
Lot Size0.12 Acres
Days on Market1264

Property Features for 1236 W Melrose St

General Information

Standard status Active
Lot size 0.12 Acres
Property subtype Land
Zoning R4

Site & Location

Neighborhood Lakeview
Listing Agency: Jameson Commercial Real Estate
Listed By: Matt Leutheuser · License IL #475145245
Source: Crexi
Added: May 31, 2023 Changed: Nov 11 Last Checked: Apr 11 at 6:38PM

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 Jameson Commercial Real Estate

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This is an opportunity to acquire an oversized 5,050 square foot lot suitable for an end user or developer. The property, identified as Lot 12 in the survey, is located in the Southport Corridor, offering proximity to Margaret Donahue park, shops, and restaurants in Lakeview. It is situated within the Burley elementary school district. An adjacent parcel of 6,350 square feet is also available for purchase, which would create a combined area of 11,400 square feet with R4 zoning.

Key Highlights

  • Oversized 5,050 sq ft lot in prime Southport Corridor location.
  • Opportunity to design and build a custom dream home.
  • Located steps from Margaret Donahue park and Lakeview's best shops and restaurants.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Food Market Law Firm Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) Store Electrical Service

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

Location Intelligence

Trade Area within ½ mile

7,001
Businesses Nearby

Demographics for 60657, IL

72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Rare 5,050 SF lot in prime Southport Corridor location.
Where is this residential land & home lot located?
The property is located at 1236 W Melrose St Chicago, IL.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Oversized 5,050 sq ft lot in prime Southport Corridor location.; Opportunity to design and build a custom dream home.; Located steps from Margaret Donahue park and Lakeview's best shops and restaurants.
(773) 531-1867 Call to check price and availability
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