Chicago, IL 60608,3222-3224 S Morgan Street
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Chicago, IL 60608,3222-3224 S Morgan Street
Chicago, IL 60608,3222-3224 S Morgan Street
Chicago, IL 60608,3222-3224 S Morgan Street
Chicago, IL 60608,3222-3224 S Morgan Street
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Listed by Ronald Ohrof Avenue 1 Realty Group
$ 1,395,900
Est. payment /mo
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3222-3224 S Morgan Street Chicago, IL 60608

6,660 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,660 sqft

Price per Sqft $209

MLS Listing ID 12532868

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

Zoning OTHER

Interior

Cooling Central Individual

Fireplace N

Exterior

View Y/N true

Building

Foundation Concrete Perimeter

Structure Type Brick


Midwest Real Estate Data (MRED) VOW
SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    STEM Magnet Academy Elementary School

    Public | KG - 5

  • 10

    Skinner Elementary School

    Public | PK - 5

  • 9

    Jackson a Elementary Language Academy

    Public | KG - 8

  • 9

    Galileo Elementary Math & Science Schol Acd

    Public | KG - 8

  • 9

    Sheridan Elementary Math & Science Academy

    Public | KG - 8

  • 9

    Healy Elementary School

    Public | PK - 8

  • 9

    J. Ward Elementary School

    Public | KG - 8

  • 9

    Haines Elementary School

    Public | PK - 8

  • 8

    Perez Elementary School

    Public | PK - 8

  • 7

    Burroughs Elementary School

    Public | PK - 8

  • 7

    South Loop Elementary School

    Public | PK - 8

  • 6

    Horizon Science Academy-Mckinley Park

    Public | KG - 8

  • 6

    Namaste Elementary Charter School

    Public | KG - 8

  • 6

    Chavez Multicultural Academic Center Elementary School

    Public | PK - 8

  • 6

    Holden Elementary School

    Public | PK - 8

  • 5

    Plamondon Elementary School

    Public | KG - 8

  • 5

    Uno Academy Charter Schools

    Public | KG - 12

  • 5

    Talman Elementary School

    Public | PK - 8

  • 5

    Carson Elementary School

    Public | PK - 8

  • 5

    Christopher Elementary School

    Public | KG - 8

Middle Schools 6
  • 10

    Young Magnet High School

    Public | 7 - 12

  • 7

    Orozco Elementary School

    Public | 6 - 8

  • 6

    Evergreen Academy Middle School

    Public | 6 - 8

  • 3

    Young Womens Leadership Chartr High School

    Public | 7 - 12

  • 1

    Perspectives Charter High School

    Public | 6 - 12

  • 0

    San Miguel-Back of the Yards

    Private | 6 - 8

High Schools 20
  • 9

    Back of the Yards International Baccalaureate High School

    Public | 9 - 9

  • 9

    Jones College Preparatory High School

    Public | 9 - 12

  • 8

    Phoenix Military Academy High School

    Public | 9 - 12

  • 8

    Chicago High School for the Arts

    Public | 9 - 12

  • 7

    Air Force Academy High School

    Public | 9 - 12

  • 7

    Chicago Military Academy High School

    Public | 9 - 12

  • 6

    Crane Medical Preparatory High School

    Public | 9 - 9

  • 6

    Phillips Academy High School

    Public | 9 - 12

  • 5

    Richards Career Academy High School

    Public | 9 - 12

  • 5

    Williams Medical Preparatory High School

    Public | 9 - 12

  • 4

    Ihsca Charter High School

    Public | 9 - 12

  • 3

    Juarez Community Academy High School

    Public | 9 - 12

  • 3

    Bronzeville Scholastic High School

    Public | 9 - 12

  • 2

    Chicago Technology Academy High School

    Public | 9 - 12

  • 2

    Dunbar Vocational Career Academy High School

    Public | 9 - 12

  • 1

    Kelly High School

    Public | 9 - 12

  • 1

    Gage Park High School

    Public | 9 - 12

  • 1

    Urban Preparatory Charter Academy West Campus High School

    Public | 9 - 12

  • 1

    Tilden Career Community Academy High School

    Public | 9 - 12

  • 1

    Hope College Preparatory High School

    Public | 9 - 12

School and business data provided by Attom Data.
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3222-3224 S Morgan Street