Sandy Howard
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
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 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.
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1891
General Information
County: Cook
Listed By:
Avenue 1 Realty Group
773-622-4663
MRED MLS
MLS ID: 12618531
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3222-3224 S Morgan Street, Chicago, IL 60608.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,370,900 | $1,370,900 | $1,370,900 |
| Down Payment | $47,982 | $0 | $274,180 |
| Monthly Mortgage Amount | $8,179 | $8,509 | $6,664 |
| Taxes | $1908 | $1908 | $1908 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $822 | $0 | $0 |
| Monthly Estimated Total | $11,309 | $10,817 | $8,972 |
Sandy Howard
REALTOR®
Office: (563) 242-4602
Cell: (563) 357-7649
Licensed in IA & IL
Clinton Office
301 North Second Street
Clinton, IA 52732
(563) 242-4602
Clinton, IA 52732
(563) 242-4602
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