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Mixed-Use Property with Commercial Space
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3122 S Morgan Street, Chicago, IL 60608

Zoned COMMR with residential units above flexible ground-floor business space.

Property SizeContact for details
Days on Market134

Property Features for 3122 S Morgan Street

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Commercial
Zoning COMMR

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,234

Building Details

Year Built 2026
Stories 3
Units 3
Listing Agency: Century 21 Realty Associates
Listed By: Ivan Man · License #475145659
Source: Cavanaghrealty
Added: Apr 2 Changed: Aug 9 Last Checked: Aug 12 at 1:27PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Realty Associates

Investment Insights

Based on property information with market context.

This mixed-use property combines two residential units with a ground-floor commercial area. The commercial portion is suited to medical, retail, or office occupancy, creating a building configuration that supports both housing and business use. The property was built in 2026 and includes three outdoor parking spaces for occupants and visitors.

Located at 3122 S Morgan Street in Chicago’s Bridgeport area, the property is positioned for customers, residents, or service users seeking a combined commercial and residential setting. COMMR zoning is identified for the property, and the layout accommodates separate residential and commercial functions within one asset.

Key Highlights

  • Two residential units
  • Ground‑floor commercial area suitable for medical, retail, or office use
  • Three outdoor parking spaces

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,815
Businesses Nearby

Demographics for 60608, IL

75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Zoned COMMR with residential units above flexible ground-floor business space.
Where is this mixed-use property located?
The property is located at 3122 S Morgan Street Chicago, IL.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Two residential units; Ground‑floor commercial area suitable for medical, retail, or office use; Three outdoor parking spaces
More about this property
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