SQUARE FEET6,660
MLS#12618531
STATUSNew
PROPERTY TYPECommercial - Business
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.
Property Features
Property Type: Commercial - Business
Cooling: Central Individual
Lot Size: 0.12 Acres
Stories: 2.0
Taxes: $19,086
Year Built: 1891
Feature Descriptions
Current Use: Other
Electric: Circuit Breakers, Service - 201 to 600 Amps
Exterior: Brick
Fire Protection: None
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Central Heat/Indiv Controls, Forced Air, Gas
Location: Corner, Mixed Use Area, High Traffic Area
Lot Dimensions: 50x107
Miscellaneous Indoor: Laundry Room
Number of Tenant(s): 9
Parcel#: 17322110280000
Parking: Parking-Street
Potential Use: Other
Units: 9
Listed By / Shown By
Listed By
Agency Name: Avenue 1 Realty Group
Agency Phone: 773-622-4663
Shown By
Agent Name: Melody Williams
Agent Phone: (815) 505-9284
Agency Title: Gambino Realtors
Melody Williams
Office: (815) 282-2222 ext. 1726
Cell: (815) 505-9284
Fax: (815) 282-2268
Direct: (815) 316-4050
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3222-3224 S Morgan Street | MLS# 12618531
This commercial property located at 3222-3224 S Morgan Street , Chicago, IL 60608 is currently listed for sale with an asking price of $1,370,900. Search Chicago real estate on melody.gogambino.com today.