3222-3224 S Morgan St

Chicago, IL 60608

$1,395,900
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a front view of a house
a front view of a building with street
a view of a brick building next to a road
a front view of a building with cars parked
a view of a livingroom with an empty space
a view of an empty room with wooden floor and a window
a kitchen with granite countertop a refrigerator and a stove top oven
a view of a kitchen with a sink cabinets and wooden floor
a view of a bedroom with wooden floor and natural light
a view of a kitchen with a sink and a refrigerator
a kitchen with a stove a sink and a refrigerator
a bathroom with a toilet and a bathtub
a bathroom with a toilet and a bath tub
a bathroom with a shower sink and mirror

Description

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...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.
  1. Listed by Ronald Ohr • Avenue 1 Realty Group
    P: (312)-719-9090 C: (312)-719-9090 RONOHR@AV1REALTY.COM

Property Details for 3222-3224 South Morgan Street

Area
CHI - Bridgeport
Township
South Chicago
Air Conditioning Type
Central Individual
Zoning
OTHER
LISTING UPDATED: 12/21/2025 02:01 AM

Property Details for 3222-3224 South Morgan Street

StatusActive
MLS #12532868
Days on Market50
Taxes$15,613 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1891
Lot Size0.12 AC / 5,269 SF
CountyCook County

Location

Listing Courtesy of Avenue 1 Realty Group
Add your commute

Building Information for 3222-3224 South Morgan Street

Stories2Residences9Year Built1891Lot Size0.12 AC / 5,269 SF

Payment Calculator

$8,104 per month

30 year fixed, 6.15% Interest

Principal and Interest

$6,803

Property Taxes

$1,301

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3222-3224 South Morgan Street

General Information
Addtl Parking Information
  • Outdoor Parking: Parking-Street
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago South
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • # Of Washers: 2
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • # Of Refrigerators: 7
  • Misc Inside: Laundry Room
  • # Of Dryers: 2
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 7
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50x107
  • Lot Size Square Feet: 5269.0
  • Stories: 2
  • Construction: Brick
  • Fire Protection: None
  • Roof Structure: Flat,Pitched
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 6660
  • # Of Offices: 0
  • # Of Ranges: 7
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Possible Use: Other
  • Public Document Count: 2
  • Document Date: 2025-12-15T17:17:29
  • Photos Count: 14
Miscellaneous
  • Current Use: Other
  • Location: Corner,Mixed Use Area,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Electric Expense: $784.00
  • Fuel Expense: $784.00
  • Gross Income: $12,370.00
  • Gross Scheduled Income: $148,440.00
  • Insurance Expense: $7,725.00
  • Electric Expense Source: Actual
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 12370
  • Water Expense Source: Actual
  • Net Operating Income: $105,390.00
  • Operating Expense: $43,049.00
  • Other Expense: $1,740.00
  • Trash Expense: $779.00
  • Water Sewer Expense: $779.00

Property History for 3222-3224 South Morgan Street

DateEvent & SourcePriceAppreciation
Dec 15, 2025

Cancelled

MRED #12508656

$1,475,000—
Dec 15, 2025

Listed (Active)

MRED #12532868

$1,395,900—
Nov 5, 2025

Listed (Active)

MRED #12508656

$1,475,000—
DateEvent & SourcePrice
12/15/2025

Cancelled

MRED #12508656

$1,475,000
12/15/2025

Listed (Active)

MRED #12532868

$1,395,900
11/05/2025

Listed (Active)

MRED #12508656

$1,475,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3222-3224 South Morgan Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Armour Elementary School
Public - PK to 8
Ombudsman Chicago Northwest
Public - 9 to 12
CICS Lloyd Bond
Charter - K to 6
Carver Military Academy High School
Public - 9 to 12
Rating
School
Distance
Armour Elementary School
PublicPK to 8

Ombudsman Chicago Northwest
Public9 to 12

CICS Lloyd Bond
CharterK to 6

Carver Military Academy High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3222-3224 South Morgan Street, Chicago, IL 60608

3222-3224 South Morgan Street is a mixed use property for sale in Chicago, IL 60608. This property was listed for sale on December 15, 2025 by Avenue 1 Realty Group, it's currently listed at $1,395,900. This listing's school district is Chicago Public Schools. Nearby schools include Armour Elementary School, Ombudsman Chicago Northwest and CICS Lloyd Bond. 3222-3224 South Morgan Street is a 0-bed, 0-bath, mixed use property built in 1891.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Avenue 1 Realty Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/21/2025 02:01 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.