Mixed-Use 3-Unit
For Sale
Contact for pricing
3319 S Morgan St, Chicago, IL 60608
New construction four-story building with first-floor retail plus three residential units, including rooftop deck and 2-car garage.
Property Size4,613 SF
Days on Market124
Property Features for 3319 S Morgan St
General Information
Standard status
Active
Size
4,613 SF
Total Parking Spaces
2
Property subtype
Mixed Use, Multifamily, Retail
Financials
Cap Rate
7%
Business Included
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
2021
Stories
4
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial
(312) 860-4043
Listed By:
Paul Proano · License #IL 475.170890
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 7:32AM
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 Coldwell Banker Commercial
Investment Insights
Based on property information with market context.
This is a pro forma new construction investment offering: a four-story, three-unit building featuring first-floor retail space and residential units above. The first floor is planned for a retail space of 1,204 SF. The second floor will include three bedrooms and two full bathrooms with 1,262 SF. The third and fourth floors are configured as a duplex up with three bedrooms and three full bathrooms totaling 2,147 SF. The project is described as featuring quality craftsmanship and top-of-the-line finishes, with a 2-car garage and rooftop deck included.
The property is located in Chicago’s Bridgeport neighborhood at 3319 S Morgan St. The materials indicate all utilities will be separated. The projected delivery date is October 2021, and the photos provided are of a comparable project at 3315 S Morgan St (MLS #10956958).
As presented in the listing, the offering is positioned as turnkey, with an emphasis on investment performance and a one-year lease guarantee for all units as a form of credit at closing.
The property is located in Chicago’s Bridgeport neighborhood at 3319 S Morgan St. The materials indicate all utilities will be separated. The projected delivery date is October 2021, and the photos provided are of a comparable project at 3315 S Morgan St (MLS #10956958).
As presented in the listing, the offering is positioned as turnkey, with an emphasis on investment performance and a one-year lease guarantee for all units as a form of credit at closing.
Key Highlights
- New construction 4‑story, 3‑unit building at 3315 S. Morgan St in Chicago’s Bridgeport neighborhood.
- First‑floor retail space: 1,204 SF.
- Residential mix: 2nd floor with 1,262 SF (3 bedrooms, 2 full bathrooms) plus 3rd & 4th floor duplex up with 2,147 SF (3 bedrooms, 3 full bathrooms).
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,815
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - New construction four-story building with first-floor retail plus three residential units, including rooftop deck and 2-car garage.
Where is this triplex located?
The property is located at 3319 S Morgan St Chicago, IL.
What are key features of this property?
This property features: New construction 4‑story, 3‑unit building at 3315 S. Morgan St in Chicago’s Bridgeport neighborhood.; First‑floor retail space: 1,204 SF.; Residential mix: 2nd floor with 1,262 SF (3 bedrooms, 2 full bathrooms) plus 3rd & 4th floor duplex up with 2,147 SF (3 bedrooms, 3 full bathrooms).
