3222 S Morgan Street
, IL, 60608
Price$1,395,900
Beds0
Baths0
SqFtn/a
Baths0
SqFtn/a
Status:Active
Property Type:Commercial
School:
Property Type:Commercial
School:
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.
| Price | $1,395,900 | |
| Total Baths | 0 | |
| Lot Size Area | 5269 | |
| Property Type | Commercial | |
| MLS Sub type | Commercial/CIE | |
| Year Built | 1891 | |
| Directions | 31st St or 35th St to Morgan. | |
| Latitude | 41.835433 | |
| Longitude | -87.651337 | |
| Market Area | South Chicago | |
| Address | 3222-3224 S Morgan Street, IL 60608 | |
| Postal Code | 60608 | |
| State | IL | |
| Country | United States | |
| Listing Office | Avenue 1 Realty Group | |
| Listing Office Phone | 773-622-4663 | |
| Listing Agent | Ronald Ohr | |
| Listing Agent Phone | 312-719-9090 | |
| Days on market | 34 | |
| MLS Status | Active | |
| Listing Date | Dec 15, 2025 | |
| Listing Last Modified | Jan 25, 2026 | |
| Tax Year | 2023 | |
| Tax Annual Amount | 15613 | |
| MLS Area | South Chicago | |
| MLS # | MRD12532868 | |
Tour this home
Please provide your preferred method of contact below, and one of our agents will be in touch shortly.
Similar Properties
Find similar properties to 3222-3224 S Morgan Street, IL 60608
