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Duplex with Finished Basement

7947 S Morgan Street, Chicago, IL 60620

For Sale
$495,000

Two three-bedroom apartments feature open living areas and updated kitchens, appliances, and mechanical systems.

Property SizeContact for details
Days on Market30

Property Features for 7947 S Morgan Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Residential Income
Zoning MULTI

Site & Location

Neighborhood Auburn Gresham

Units

Unit Mix 2 x 3BR/2BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,751

Amenities

air conditioning

Building Details

Year Built 1916
Buildings 1
Listing Agency: HomeSmart Connect LLC
Listed By: David Sengun
Source: Greathomesrealestate
Added: Oct 9 Changed: Nov 5 Last Checked: Nov 7 at 3:27AM

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 HomeSmart Connect LLC

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Investment Insights

Based on property information with market context.

Built in 1916, this duplex has two above-grade apartments, each with three bedrooms and two full bathrooms. Open layouts connect the kitchens with the living areas. A finished basement adds separate living space with two bedrooms and one full bathroom.

Updates include kitchens and appliances, air conditioning, furnaces, and water heaters. The property is zoned MULTI.

Key Highlights

  • Two above‑grade apartments, each with 3 bedrooms and 2 full bathrooms
  • Finished basement with living space, 2 bedrooms, and 1 full bathroom
  • Updated kitchens and appliances

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

746
Businesses Nearby

Demographics for 60620, IL

66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Duplexes in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two three-bedroom apartments feature open living areas and updated kitchens, appliances, and mechanical systems.
Where is this duplex located?
The property is located at 7947 S Morgan Street Chicago, IL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two above‑grade apartments, each with 3 bedrooms and 2 full bathrooms; Finished basement with living space, 2 bedrooms, and 1 full bathroom; Updated kitchens and appliances
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