3222-3224 S Morgan Street, Chicago, IL 60608
Cook County
Key Facts
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 Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1891
Stories
2
Living Area
6,660 sq ft
Lot Size
5,269 sq ft
Lot Dimensions
50x107
Zoning
OTHER
Days on Market
31
MLS® Listing#
12632904
Property Features
Construction
Foundation
Financial Details
Annual Taxes
$19,085
Tax year 2024
Parcel Number
17322110280000
Directions
31st St or 35th St to Morgan.
Affordability Calculator
$260,000
Estimated monthly payment
$6,919/mo
Principal $1,039,999 · Est. interest $1,450,891 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $387,475
- Median Listing Price
- 32
- Median Days on Market
- 1,406
- Median Sq Ft
- $283
- Median Price / Sq Ft
- 4,255
- Active Listings
- This home’s price is 236% above the area median.
- Its price per sq ft is 31% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
Points of Interest in Chicago, IL
Showing the Chicago area map.
Nearby Schools
de La Salle Institute
Secondary · 0.1 mi away
Bridgeport Catholic Middle School
School · 0.1 mi away
Armour Elementary School
Elementary · 0.1 mi away
Holden Elementary School
Elementary · 0.3 mi away
St Barbara Elementary School
Elementary · 0.5 mi away
Robert Healy Elementary School
Elementary · 0.6 mi away
McClellan Elementary School
Elementary · 0.6 mi away
Mark Sheridan Math & Science Academy
School · 0.8 mi away
Evergreen Academy Middle School
School · 0.9 mi away
Greene Elementary School
Elementary · 0.9 mi away
Little Tykes Preschool II
School · 1.0 mi away
Santa Lucia School
Elementary · 1.0 mi away
James Ward Elementary School
Elementary · 1.0 mi away
St. Jerome Catholic School
Secondary · 1.0 mi away
Abbott Elementary School
Elementary · 1.1 mi away
Namaste Charter School
Elementary · 1.1 mi away
Air Force Academy High School
Secondary · 1.1 mi away
Little Scholars Journey
School · 1.1 mi away
Chicago Public Schools
Elementary · 1.1 mi away
Youth Connections Charter School
Secondary · 1.3 mi away
Commute Calculator
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|---|---|---|---|---|
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| 505 N LAKE SHORE Drive 5706, Chicago, IL | $924,900 | 3 | 3 | 1,800 |
| 3056 N Lincoln Avenue 3, Chicago, IL | $924,900 | 3 | 3 | — |
| 2500 W Washington Boulevard, Chicago, IL | $925,000 | — | — | 9,660 |
Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: Avenue 1 Realty Group - 7736224663
Last Updated: 2026-04-29