Urban Land Parcels for
For Sale
Contact for pricing
4058 W Melrose Street 3240 & 3301 N Karlov Avenue, Chicago, IL 60632
Three vacant land parcels suitable for redevelopment in Chicago, IL.
Property SizeContact for details
Lot Size2.04 Acres
Days on Market671
Property Features for 4058 W Melrose Street 3240 & 3301 N Karlov Avenue
General Information
Standard status
Active
Lot size
2.04 Acres
Property subtype
Land
Zoning
RM-4.5
Listing Agency:
Baum Realty Group
(312) 275-3121
Listed By:
Ari Topper · License #IL 475.132043
Source:
Crexi
Added: Oct 21, 2024
Changed: Aug 16
Last Checked: Aug 20 at 10:18PM
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 Group
Investment Insights
Based on property information with market context.
Three urban vacant land parcels, totaling 88,672 square feet, are available for sale either together or separately. This offers flexibility for various types of redevelopment, with zoning contingencies to be considered. One parcel, located at 4058 W. Melrose Street, comprises 42,807 square feet of land at the northeast corner of Melrose Street and Karlov Avenue. This site, formerly a hospital and medical campus, has had all structures demolished and is now ready for redevelopment. Another parcel, situated at 3240 N. Karlov Avenue, consists of 33,220 square feet of land on the west side of Karlov Avenue, extending a full city block from Melrose Street to the south and School Street to the north. This parcel is improved with a paved and gated parking lot. The third parcel, located at 3301 N. Karlov Avenue, offers 12,645 square feet of land at the northeast corner of Karlov Avenue and School Street and is also improved with a paved and gated parking lot.
Key Highlights
- Large combined area: 88,672 SF total across three parcels.
- Redevelopment potential: Well‑suited for various types of redevelopment.
- Flexible purchase options: Parcels can be purchased separately or together.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 60632, IL
92,237
Population
28,860
Households
3.2
Avg Household Size
33
Median Age
13%
College-Educated
69%
High-School Grad
7.4 sq mi
ZIP Area
12,464
Density / Sq Mi
$60,576
Median Household Income
$35,203
Median Earnings
$1,057
Median Rent
$240,600
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 suitable for redevelopment in Chicago, IL.
Where is this commercial land located?
The property is located at 4058 W Melrose Street 3240 & 3301 N Karlov Avenue Chicago, IL.
What are key features of this property?
This property features: Large combined area: 88,672 SF total across three parcels.; Redevelopment potential: Well‑suited for various types of redevelopment.; Flexible purchase options: Parcels can be purchased separately or together.
