3222-3224 S Morgan Street, Chicago, IL 60608

This turnkey, nine-unit mixed-use property is located in Chicago's Bridgeport neighborhood, an area known for its strong rental market. The property features an excellent unit mix, including 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 if desired. Each unit is separately metered for gas and electric. The heating system includes a mix of furnaces and Williams heaters. The commercial units and the 2F unit have furnaces with A/C condensers. Major capital improvements have been made, including a full gut rehab of Unit 2F with all new plumbing, electrical, and HVAC, cosmetic updates to the storefront 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, providing convenient access to Downtown. It is also within walking distance of Guaranteed Rate Field and public transit. The property's strong rental history, updated systems, and minimal deferred maintenance make it an ideal turnkey addition to any investment portfolio. The 0.121-acre lot presents investor upside through the addition of a concrete parking pad in the rear, installation of furnaces and A/C in the remaining units, addition of a doorbell/buzzer system, and raising rents to market levels.