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    3222-3224 S Morgan St Chicago, IL 60608

    For Sale
    $1,475,000

    Mixed Use - Chicago, IL

    Type:Mixed Use
    Property size:
    6,660 SF
    Days on Market:
    32
    Last Refresh:
    Dec 7 at 1:06 am

    Property Features for 3222-3224 S Morgan St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    OTHER
    APN
    17322110280000
    Size
    6,660 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1891
    Number of units
    9
    Architectural style
    Other

    Avenue One Realty Group (773) 622-4663 [email protected]

    Listing agent Ronald Ohr (773) 622-4663 License #471020729

    Listing date Nov 6, 2025

    MLS# 12508656 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Mixed-Use Property, Chicago

    This is a turnkey nine-unit mixed-use property located in the Bridgeport neighborhood of Chicago. 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. Currently, the 3222 storefront and the 1R unit are combined and leased to a single tenant, but they can be easily converted back into separate spaces. Each unit has separate gas and electric meters. The heating system includes a mix of furnaces and Williams heaters. The commercial units and unit 2F have furnaces with A/C condensers. Significant capital improvements have been made, including a full gut rehab of Unit 2F with new plumbing, electrical, and HVAC systems. Storefront cosmetic updates were completed in 2024, along with the installation of two new furnaces in 2024. The property also features 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, providing convenient access to Downtown Chicago. It is also within walking distance of Guaranteed Rate Field and public transportation. The property has a strong rental history, updated systems, and minimal deferred maintenance. The property size is 6,660 square feet. The property is located at 3222-3224 S Morgan Street, Chicago, IL 60608.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6514078
    Latitude
    41.8354519

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    FAQs

    What type of property is this?
    Mixed-use property - Nine-unit mixed-use property in Bridgeport, Chicago with strong rental history.
    Where is this mixed-use property located?
    The property is located at 3222-3224 S Morgan St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,475,000.
    What are key features of this property?
    This property features: - Turnkey 9-unit mixed-use property in Chicago's strong Bridgeport rental market.; - Excellent unit mix: features three 2BD/1BA units, four 1BD/1BA units, and two retail storefronts.; - Major capital improvements including a full gut rehab of Unit 2F, storefront updates (2024), and new water heaters.
    (773) 622-4663
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    3222-3224 S Morgan St Chicago, IL 60608
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3222-3224 S Morgan St Chicago, IL 60608
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