4058 Karlov Ave Chicago, IL 60632

This exceptional Chicago, Illinois development opportunity encompasses three contiguous vacant land parcels totaling 88,672 square feet, situated in the Kilbourn Park/Irving Park neighborhood (zip code 60632). The property is zoned PD 462 and offers significant flexibility for redevelopment, allowing for the purchase of individual parcels or the entire assemblage. One parcel, located at 4058 W. Melrose Street (42,807 SF), occupies the northeast corner of Melrose Street and Karlov Avenue. Previously a hospital campus, all structures have been demolished, presenting a clean slate for new construction. Two additional parcels, situated at 3240 N. Karlov Avenue (33,220 SF) and 3301 N. Karlov Avenue (12,645 SF), are located on the west side of Karlov Avenue. These parcels feature existing paved and gated parking lots, offering immediate utility or potential for repurposing. The 3240 N. Karlov parcel extends a full city block from Melrose Street to School Street. The 3301 N. Karlov parcel sits at the northeast corner of Karlov Avenue and School Street. Zoning contingencies will be considered. This prime location presents a rare chance to acquire a substantial land holding in a rapidly developing area of Chicago. Contact for pricing and further details.