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Duplex with Finished Basement
New
For Sale
$495,000

7947 S Morgan Street, Chicago, IL 60620

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market3

Property Features for 7947 S Morgan Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 8
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 7, Bathroom 4, Basement, Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 8, Bedroom 3, Bathroom 5, Bedroom 2
Parking 2
Parking features Garage
Basement Full, Finished
Elementary school Oglesby Elementary School
Middle school Oglesby Elementary School
High school Hirsch Metropolitan High School
Elementary school district 299
Middle school district 299
High school district 299
Directions From Halsted St, head west on 79th St, then turn left onto Morgan St. Continue south to 7947 S Morgan St; property is on the left.
Subdivision CHI - Auburn Gresham
Standard status Active
APN 20322040160000

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3751

Utilities

Sewer type Public Sewer
Heating system Natural Gas

Building Details

Year built 1916
Building materials Brick
Listing Agency: HomeSmart Connect LLC · HomeSmart International
Listed By: David Sengun
Added: Oct 9 Changed: Oct 10 Last Checked: Oct 11 at 2:06AM
MLS# 12782151

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This brick duplex at 7947 S Morgan Street contains two above-grade apartments, each with three bedrooms and two full bathrooms. The kitchens connect to the living areas, and a finished basement adds a separate living area with two bedrooms and one full bathroom.

Recent work includes replacement kitchens and appliances, air conditioning, furnaces, and water heaters. The building dates to 1916 and has natural gas heating, garage parking, and public sewer service.

Key Highlights

  • Two above‑grade apartments, each with 3 bedrooms and 2 full bathrooms
  • Finished basement with a living area, 2 bedrooms, and 1 full bathroom
  • Updated kitchens and appliances, air conditioning, furnaces, and water heaters

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Gym & Fitness Center Cafe & Coffee Shop Dental Office

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

3
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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two upper-level apartments offer three bedrooms and two full bathrooms apiece, with open kitchen and living areas.
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 a living area, 2 bedrooms, and 1 full bathroom; Updated kitchens and appliances, air conditioning, furnaces, and water heaters
More about this property
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