3222-3224 S Morgan St Chicago, IL 60608

This is a turnkey nine-unit mixed-use property located in the Bridgeport neighborhood of Chicago, Illinois. The property features an excellent unit mix consisting of three 2-bedroom/1-bathroom units, four 1-bedroom/1-bathroom units, and two retail storefronts. One of the storefronts (3222) and unit 1R are currently combined and leased to a single tenant but can be easily converted back into separate spaces. Each unit is separately metered for gas and electric. Heating is provided by a mix of furnaces and Williams heaters; the commercial units and unit 2F have furnaces with A/C condensers. Major capital improvements have been completed, including a full gut rehab of Unit 2F with new plumbing, electrical, and HVAC, cosmetic updates to the storefronts in 2024, two new furnaces in 2024, new water heaters, copper plumbing in select areas, electrical upgrades, and a new basement coin laundry with two washers and two dryers. The property is located just off I-55 and I-90/94, minutes from Downtown, and within walking distance of Guaranteed Rate Field and public transit. The property has a strong rental history, updated systems, and minimal deferred maintenance. The lot size is 0.121 acres. Potential upside for investors includes adding a concrete parking pad in the rear (with a gate already in place) to generate additional parking income, installing furnaces and A/C in the remaining units, adding a doorbell/buzzer system for convenience and security, and raising all rents to market levels, as current rents are below market.