IL > Chicago
Chicago, IL 60608,3222-3224 S Morgan ST
Chicago, IL 60608,3222-3224 S Morgan ST
Chicago, IL 60608,3222-3224 S Morgan ST
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$1,475,000
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6,660 SqFt
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3222-3224 S Morgan ST Chicago, IL 60608

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,660 sqft

Price per Sqft $221

MLS Listing ID 12508656

Year Built 1891

Annual Tax Amount $15,613

Tax Year 2023

Lot Dimensions 50x107

Property Sub-Type Mixed Use

Property Description

Turnkey 9-unit mixed-use property in one of Chicago's strongest rental markets of Bridgeport!. Excellent unit mix: three (3) 2BD/1BA, four (4) 1BD/1BA, and two (2) retail storefronts. The 3222 storefront and 1R unit are currently combined and leased to one tenant, easily converted back to separate spaces if desired. Each unit separately metered for gas and electric. Heating includes a mix of furnaces and Williams heaters; commercial units and 2F have furnaces with A/C condensers. Major capital improvements include full gut rehab of Unit 2F with all new plumbing, electrical, and HVAC, storefront cosmetic updates (2024), two new furnaces (2024), new water heaters, copper plumbing in select areas, electrical upgrades, and new basement coin laundry (2 washers/2 dryers). Located just off I-55 & I-90/94, minutes from Downtown, and walking distance to Guaranteed Rate Field and public transit. Strong rental history, updated systems, and minimal deferred maintenance make this an ideal turnkey addition to any investment portfolio.**Investor Upside: Add a concrete parking pad in the rear (gate already in place) and generate additional parking income, install furnaces and A/C in remaining units, add a doorbell/buzzer system for convenience and security, and raise all rents to market levels-current rents are below market.

Location

State IL

County Cook

Area Chi - Bridgeport

Zoning OTHER

Interior

Cooling Central Individual

Fireplace N

Building

Dwelling Type Mixed Use

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Ronald Ohr of  Avenue 1 Realty Group 

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Dennis & Karen

Dennis & Karen

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+1(219) 213-3346

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