3222-3224 S Morgan ST, Chicago, IL 60608
3222-3224 S Morgan ST, Chicago, IL 60608
3222-3224 S Morgan ST, Chicago, IL 60608
3222-3224 S Morgan ST, Chicago, IL 60608
3222-3224 S Morgan ST, Chicago, IL 60608
3222-3224 S Morgan ST, Chicago, IL 60608
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Listed by Ronald Ohrof Avenue 1 Realty Group
Bought with Yingfang Xu of Century 21 Circle

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Est.Price: ?

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Est. payment /mo

6,660 SqFt


Key Details

Sold Price -

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 6,660 sqft

MLS Listing ID 12632904

Sold Date -

Year Built 1891

Annual Tax Amount $19,085

Tax Year 2024

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

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Patrick Clarke
Patrick Clarke

Broker | License ID: 471.007683

+1(708) 691-4052

9755 W. 143rd St., Park, IL. 60462

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