3222-3224 S Morgan Street, Chicago, IL 60608

• 6,660 sqft

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.

Listing Status:

Active

Listing Office:

Avenue 1 Realty Group : 312-719-9090

Listing Agent:

Ronald Ohr : 312-719-9090

MLS ID:

12532868

Interior

• A/C: Central Individual

Construction

• General: Concrete Perimeter

Location

• Road/Access: City Street
• Originating MLS: mred
• County: Cook

Lot

• Zoning: OTHER17322110280000
• Current Use: Other

Utilities

• Utilities: Circuit BreakersService - 201 to 600 Amps

Financial

• Source: mred

This listing courtesy of Ronald Ohr, Avenue 1 Realty Group