Urban Vacant Land
For Sale
Contact for pricing
3240 N Karlov Ave, Chicago, IL 60641
Three vacant land parcels totaling 88,672 SF are available together or separately for redevelopment opportunities.
Lot Size2.03 Acres
Days on Market196
Property Features for 3240 N Karlov Ave
General Information
Standard status
Active
Lot size
2.03 Acres
Property subtype
LAND
Additional Details
Fenced Yard
Yes
Listing Agency:
Baum Realty
(312) 275-3113
Listed By:
Ari Topper, CFA · License #471021285
Source:
Moodyscre
Added: Jan 16
Changed: Jul 26
Last Checked: Jul 30 at 2:06PM
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, offering flexibility for redevelopment planning. The property listings include parcels at 4058 W. Melrose Street, 3240 N. Karlov Avenue, and 3301 N. Karlov Avenue.
The 4058 W. Melrose Street parcel is described as the former site of a hospital and medical campus, with all structures demolished and the land ready for redevelopment. The 3240 N. Karlov Avenue parcel runs a full city block along Karlov Avenue from Melrose Street to School Street and includes a paved and gated parking lot. The 3301 N. Karlov Avenue parcel, located at the northeast corner of Karlov Avenue and School Street, is also improved with a paved and gated parking lot.
Zoning contingencies will be considered, and the parcels can be purchased separately.
The 4058 W. Melrose Street parcel is described as the former site of a hospital and medical campus, with all structures demolished and the land ready for redevelopment. The 3240 N. Karlov Avenue parcel runs a full city block along Karlov Avenue from Melrose Street to School Street and includes a paved and gated parking lot. The 3301 N. Karlov Avenue parcel, located at the northeast corner of Karlov Avenue and School Street, is also improved with a paved and gated parking lot.
Zoning contingencies will be considered, and the parcels can be purchased separately.
Key Highlights
- Three urban vacant land parcels totaling 88,672 SF available together or separately for redevelopment
- 4058 W. Melrose St: 42,807 SF at the NE corner of Melrose St and Karlov Ave; former hospital/medical campus—structures demolished
- 3240 N. Karlov Ave: 33,220 SF on the west side of Karlov Ave, full block from Melrose St to School St; paved and gated parking lot
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,474
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
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Frequently Asked Questions
What type of property is this?
Commercial land - Three vacant land parcels totaling 88,672 SF are available together or separately for redevelopment opportunities.
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 together or separately for redevelopment; 4058 W. Melrose St: 42,807 SF at the NE corner of Melrose St and Karlov Ave; former hospital/medical campus—structures demolished; 3240 N. Karlov Ave: 33,220 SF on the west side of Karlov Ave, full block from Melrose St to School St; paved and gated parking lot
