Urban Land Redevelopment
For Sale
Contact for pricing
3240 N Karlov Ave, Chicago, IL 60641
Three vacant urban land parcels totaling 88,672 SF, offered individually or together, each suitable for redevelopment.
Property SizeContact for details
Lot Size0.76 Acres
Days on Market234
Property Features for 3240 N Karlov Ave
General Information
Standard status
Active
Lot size
0.76 Acres
Property subtype
LAND
Additional Details
Fenced Yard
Yes
Listing Agency:
Baum Realty
(312) 666-3000
Listed By:
Ari Topper, CFA
(312) 275-3113
Source:
Moodyscre
Added: Jan 16
Changed: Aug 11
Last Checked: Jul 22 at 10:34PM
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 Baum Realty
Investment Insights
Based on property information with market context.
Three urban vacant land parcels totaling 88,672 SF are available for sale either together or separately, providing flexibility for redevelopment planning. The properties are positioned to support a range of redevelopment approaches, and zoning contingencies will be considered.
One parcel is located at the northeast corner of Melrose Street and Karlov Avenue, and it represents the former site of a hospital and medical campus, with all structures demolished and the land ready for redevelopment. A second parcel sits on the west side of Karlov Avenue and runs a full city block from Melrose Street south to School Street. The third parcel is at the northeast corner of Karlov Avenue and School Street.
Two of the parcels are improved with paved and gated parking lots, while the Melrose Street/Karlov Avenue parcel is unimproved following demolition.
One parcel is located at the northeast corner of Melrose Street and Karlov Avenue, and it represents the former site of a hospital and medical campus, with all structures demolished and the land ready for redevelopment. A second parcel sits on the west side of Karlov Avenue and runs a full city block from Melrose Street south to School Street. The third parcel is at the northeast corner of Karlov Avenue and School Street.
Two of the parcels are improved with paved and gated parking lots, while the Melrose Street/Karlov Avenue parcel is unimproved following demolition.
Key Highlights
- Three urban vacant land parcels totaling 88,672 SF—available individually or together for flexible redevelopment options.
- 4058 W. Melrose St: 42,807 SF at the northeast corner of Melrose St and Karlov Ave; former hospital/medical campus site with all structures demolished.
- 3240 N. Karlov Ave: 33,220 SF on the west side of Karlov Ave, running a full city block from Melrose St to School St; improved with a paved and gated parking lot.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
Explore this area
Business Placement
Demographics for 60641, IL
69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Three vacant urban land parcels totaling 88,672 SF, offered individually or together, each suitable for redevelopment.
Where is this commercial land located?
The property is located at 3240 N Karlov Ave Chicago, IL.
What are key features of this property?
This property features: Three urban vacant land parcels totaling 88,672 SF—available individually or together for flexible redevelopment options.; 4058 W. Melrose St: 42,807 SF at the northeast corner of Melrose St and Karlov Ave; former hospital/medical campus site with all structures demolished.; 3240 N. Karlov Ave: 33,220 SF on the west side of Karlov Ave, running a full city block from Melrose St to School St; improved with a paved and gated parking lot.
