3222-3224 S Morgan Street Chicago, IL 60608
New
- Added:
- Apr 14, 2026
- Days on Market:
- 4
- Last Refresh:
- Apr 17 at 1:06 pm
Property Features for 3222-3224 S Morgan Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 17322110280000
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 19086
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1891
- Floors in Building
- 2
- Number of units
- 9
- Building materials
- Brick
Listing agent Ronald Ohr License #471020729 (773) 622-4663
Listing office Avenue 1 Realty Group 7652 Madison St., Forest Park, IL (773) 622-4663
Listing date Apr 14, 2026
MLS# 12618531
Copyright © 2026 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 Investment Property
This turnkey, nine-unit mixed-use property is located in Chicago's Bridgeport neighborhood, a strong rental market. The unit mix includes three 2-bedroom/1-bathroom units, four 1-bedroom/1-bathroom units, and two retail storefronts. One tenant currently occupies a combined storefront and residential unit (3222 storefront and 1R), which can be easily converted back into separate spaces. Each unit has separate gas and electric meters. Heating is provided by 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, 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 near 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 0.121-acre lot offers the potential to add a concrete parking pad in the rear (gate already in place) to generate additional parking income. Additional investor upside includes installing furnaces and A/C in remaining units, adding a doorbell/buzzer system, and raising rents to market levels.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6514078
- Latitude
- 41.8354519
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Nine-unit mixed-use property in Chicago's Bridgeport neighborhood.
Where is this mixed-use property located?
The property is located at 3222-3224 S Morgan Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,370,900.
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: three (3) 2BD/1BA, four (4) 1BD/1BA, and two (2) retail storefronts.; Major capital improvements including a full gut rehab of Unit 2F, storefront updates (2024), and new furnaces (2024).
