4058 W. Melrose Street, 3240 & 3301 N. Karlov Avenue

4058 Melrose, Chicago, IL 60641

Property Information

  • For Sale Contact for pricing
  • Property Type VacantLand
  • Property Size 88,672 SF
  • Lot Size 88,672 SF
  • Date Updated Sep 14, 2026

Description

Three urban vacant land parcels totaling 88,672 SF can be sold together or separately offering tremendous flexibility. Properties are well suited for various types of redevelopment. Zoning contingencies will be considered. Parcels can be purchased separately. Contact Broker for Pricing.

 

4058 W. Melrose Street — 42,807 SF of land at the northeast corner of Melrose

Street and Karlov Avenue. The site of a former hospital and medical campus, all

structures have been demolished and the parcel is ready for redevelopment.

 

3240 N. Karlov Avenue (UNDER CONTRACT) — 33,220 SF of land on the west side

of Karlov Avenue, running a full city block from Melrose Street to the south to School

Street to the north. The parcel is improved with a paved and gated parking lot.

 

3301 N. Karlov Avenue (JUST SOLD) — 12,645 SF of land at the northeast corner of

Karlov Avenue and School Street. Like the 3240 N. Karlov lot, the parcel is improved

with a paved and gated parking lot.

 

All three parcels were recently rezoned to RM-4.5. 

 

Contacts

Location

Located at 4058 Melrose, Chicago, IL 60641, this property is part of the Kilbourn Park neighborhood and Chicago market.

Contact 4058 W. Melrose Street, 3240 & 3301 N. Karlov Avenue
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