1240 Melrose StChicago, IL 60657

This exceptional 6,350 square foot commercial land parcel presents a rare development opportunity in Chicago's coveted Southport Corridor. Located at 1240 W Melrose, in the desirable Burley school district, this property boasts R4 zoning, allowing for a wide range of development possibilities. The expansive lot, measuring approximately 50 feet by 127 feet, provides ample space for a substantial project. Its prime location offers unparalleled convenience, placing residents within easy walking distance of Margaret Donahue Park and the vibrant shops and restaurants that define the Lakeview neighborhood. This is an ideal site for an end-user seeking to construct a custom home or for a developer looking to capitalize on the area's high demand. Note that an adjacent 5,050 square foot parcel is also available for purchase, potentially expanding the total buildable area to 11,400 square feet. Properties of this size and location in the Southport Corridor are exceptionally rare. The asking price for this remarkable opportunity is $1,999,900. Don't miss this chance to acquire a truly exceptional piece of Chicago real estate.