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3222 S Morgan St
Chicago, IL 60608
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Multi-family property featuring nine units in the heart of Bridgeport.
- Close to downtown Chicago, major highways, and employment centers.
- Strong rental demand supported by neighborhood amenities and cultural attractions.
- Located in a walkable neighborhood with convenient access to public transit.
- Solid masonry construction with long-term durability.
- Positioned in a historically stable and desirable residential market.
Executive Summary
3222 S Morgan Street presents a rare investment opportunity in Chicago’s vibrant Bridgeport neighborhood. This multi-family property spans 3,256 square feet and is situated on a 2,675-square-foot lot. Built in 1891, the building offers nine units across two stories, providing a strong foundation for income generation. The property’s masonry construction and established residential setting make it a durable and attractive asset for long-term ownership.
Located in a highly walkable area, the property benefits from excellent access to public transportation, major roadways, and downtown Chicago. The surrounding neighborhood is known for its cultural heritage, local dining, and proximity to employment hubs, making it a desirable location for tenants. With consistent rental demand in the area and a history of stable occupancy, this asset offers investors the potential for steady cash flow and future appreciation.
Bridgeport’s connectivity to major highways and its proximity to the Loop enhance the property’s appeal for both residents and investors. This is an opportunity to acquire a well-positioned multi-family building in one of Chicago’s historically strong rental markets.
Located in a highly walkable area, the property benefits from excellent access to public transportation, major roadways, and downtown Chicago. The surrounding neighborhood is known for its cultural heritage, local dining, and proximity to employment hubs, making it a desirable location for tenants. With consistent rental demand in the area and a history of stable occupancy, this asset offers investors the potential for steady cash flow and future appreciation.
Bridgeport’s connectivity to major highways and its proximity to the Loop enhance the property’s appeal for both residents and investors. This is an opportunity to acquire a well-positioned multi-family building in one of Chicago’s historically strong rental markets.
Property Facts
| Price Per Unit | $222,972 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 9,000 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1893 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Building Class | C | ||
| Zoning | B1-2 | ||
| Price Per Unit | $222,972 CAD |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 9,000 SF |
| No. Stories | 2 |
| Year Built | 1893 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | B1-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 7 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $94,936 CAD | |
| Land Assessment | $35,927 CAD | Total Assessment | $130,863 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$35,927 CAD
Improvements Assessment
$94,936 CAD
Total Assessment
$130,863 CAD
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