Prime Southport Corridor Development
1240 W Melrose, Chicago, IL 60657
For Sale
Contact for pricing
Rare 50x127 lot in prime Southport Corridor location.
Property SizeContact for details
Lot Size0.15 Acres
Days on Market1200
Property Features for 1240 W Melrose
General Information
Standard status
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Listing Agency:
Jameson Commercial Real Estate
Listed By:
Matt Leutheuser · License IL #475145245
(773) 531-1867
Source:
Crexi
Added: Aug 3, 2023
Changed: Oct 25
Last Checked: Oct 25 at 2:07PM
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
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Investment Insights
Based on property information with market context.
This is an opportunity for an end user or developer to acquire a 50x127 lot suitable for building in the Southport Corridor. The location is steps from Margaret Donahue Park, shops, and restaurants in Lakeview. An adjacent parcel of 5,050 square feet is also available for purchase, bringing the total area to 11,400 square feet. The property is zoned R4, allowing for the construction of a city estate. It is located within the Burley school district.
Key Highlights
- Large 50x127 lot in the Southport Corridor.
- Prime location steps from Margaret Donahue Park, shops, and restaurants.
- Opportunity to build a custom dream home.
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
7,001
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Rare 50x127 lot in prime Southport Corridor location.
Where is this residential land & home lot located?
The property is located at 1240 W Melrose Chicago, IL.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: Large 50x127 lot in the Southport Corridor.; Prime location steps from Margaret Donahue Park, shops, and restaurants.; Opportunity to build a custom dream home.
