Ranch Duplex with Two 3BR
For Sale
Contact for pricing
Pending
3431 Morgan Street, Steger, IL 60475
Two identical ranch units each offer 3 bedrooms and 1 bath, with upgrades and tenant-paid utilities.
Property SizeContact for details
Days on Market64
Property Features for 3431 Morgan Street
General Information
Standard status
Pending
Property subtype
Multifamily
Building Details
Year Built
1962
Listing Agency:
Keller Williams Preferred Realty
Listed By:
Valerie Witt · License #IL 475144724
Source:
Crexi
Added: Jun 5
Changed: Jul 10
Last Checked: Jul 24 at 6:36PM
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 Keller Williams Preferred Realty
Investment Insights
Based on property information with market context.
This ranch-style duplex features two separate residential units, each with 3 bedrooms and 1 bathroom and identical floor plans. Unit 1 was updated in 2024 with new flooring and is currently occupied, with rent collected monthly. Unit 2 is vacant and has been refreshed with new flooring, fresh paint, and some new cabinets. Both units share a consistent layout, making it straightforward for property management and tenant turnover.
Additional major updates were completed in 2022, including the roof, water heaters, new plumbing, and air conditioners. Tenants are responsible for all utilities, which can simplify operating expenses for the owner.
For buyers seeking a multifamily setup, this property provides a duplex configuration with one unit ready for immediate occupancy and the other positioned for a new tenant following the recent refresh. The combination of consistent unit layouts and the documented improvements across both units may appeal to owner-operators and investors looking for a manageable two-door income property.
Additional major updates were completed in 2022, including the roof, water heaters, new plumbing, and air conditioners. Tenants are responsible for all utilities, which can simplify operating expenses for the owner.
For buyers seeking a multifamily setup, this property provides a duplex configuration with one unit ready for immediate occupancy and the other positioned for a new tenant following the recent refresh. The combination of consistent unit layouts and the documented improvements across both units may appeal to owner-operators and investors looking for a manageable two-door income property.
Key Highlights
- Ranch duplex built in 1962 with 2 identical units, each offering 3 bedrooms and 1 bath
- Unit 1 updated in 2024 with new flooring; currently occupied at $1,450/month rent
- Unit 2 is vacant with all new flooring, fresh paint, and some new cabinets
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
Demographics for 60475, IL
9,969
Population
4,790
Households
2.1
Avg Household Size
38
Median Age
16%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
2,077
Density / Sq Mi
$61,222
Median Household Income
$38,837
Median Earnings
$1,032
Median Rent
$137,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two identical ranch units each offer 3 bedrooms and 1 bath, with upgrades and tenant-paid utilities.
Where is this duplex located?
The property is located at 3431 Morgan Street Steger, IL.
What are key features of this property?
This property features: Ranch duplex built in 1962 with 2 identical units, each offering 3 bedrooms and 1 bath; Unit 1 updated in 2024 with new flooring; currently occupied at $1,450/month rent; Unit 2 is vacant with all new flooring, fresh paint, and some new cabinets
