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About the Listing 16548 - 132820
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.
Listing Highlights for 3222-3224 S Morgan St
Status
Active
Days on Site
7
Property Type
Commercial Sale
MLS ®
12508656
Year Built
1891
Total Square Footage
6,660
Lot/Acreage
0.12
County
Cook
Area
CHI - Bridgeport
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central Individual
- Heating: Central Heat/Indiv Controls,Forced Air,Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50x107
- Zoning: OTHER
- Roof:
- Others:
- Sewer:
- Parking Features: Parking-Street
Financial Details
- Tax Amount: $15,613
- Taxes w/Assessments: N/A
- Tax/Property ID: 17322110280000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
3222-3224 S Morgan St Chicago, IL 60608
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