3222-3224 S Morgan Street
Turnkey 9-unit mixed-use property in one of Chicago's strongest rental markets of Bridgeport!. Excellent unit mix: three (3) 2BD/1BA, four (4) 1BD/1BA, and two (2) retail storefronts. The 3222 storefront and 1R unit are currently combined and leased to one tenant, easily converted back to separate spaces if desired. Each unit separately metered for gas and electric. Heating includes a mix of furnaces and Williams heaters; commercial units and 2F have furnaces with A/C condensers. Major capital improvements include full gut rehab of Unit 2F with all new plumbing, electrical, and HVAC, storefront cosmetic updates (2024), two new furnaces (2024), new water heaters, copper plumbing in select areas, electrical upgrades, and new basement coin laundry (2 washers/2 dryers). Located just off I-55 & I-90/94, minutes from Downtown, and walking distance to Guaranteed Rate Field and public transit. Strong rental history, updated systems, and minimal deferred maintenance make this an ideal turnkey addition to any investment portfolio.**Investor Upside: Add a concrete parking pad in the rear (gate already in place) and generate additional parking income, install furnaces and A/C in remaining units, add a doorbell/buzzer system for convenience and security, and raise all rents to market levels-current rents are below market.
- Martinez Grocery Taqueria 300 ft
- With U 550 ft
- Zaytune Mediterranean Grill 600 ft
- The Adelitas Mexican Restaurant 800 ft
- Kimski 1000 ft
- 3LP 1000 ft
- Martinez Grocery 250 ft
- BP Shop 0.3 mi
- Cermak Fresh Market 0.4 mi
- Citgo 0.6 mi
- Mariano's Fresh Market 0.6 mi
- BP Shop 0.8 mi
- Bosley Park 0.3 mi
- Wilson Playground 0.3 mi
- John Wilson Park 0.3 mi
- McGuane Park 0.4 mi
- Bridgeport Village Circle Park 0.4 mi
- Humbert Park 0.5 mi
- Bridgeport Coffeehouse 900 ft
- Jackalope Coffee & Tea House 0.3 mi
- Starbucks 0.3 mi
- Dunkin' 0.3 mi
- Base Community Cafe 0.4 mi
- Iron Café 0.7 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12632904