Beds4
Baths4
On Site50 days
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Tim Stassi
(312) 371-1070ASAP
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Status:
Active
Property Type:Multi Family- 2-4 Units
MLS #:11710702
On Site:50 Days
County:Cook
Brick 3 flat on perfect location. Contractors and Buyers who want to customize and upgrade and have significant equity here is your three unit on Morgan avenue in Ground Zero Bridgeport. This is a 3 unit residential Multi-Family Building on RS3 zoned lot. This property needs repairs from recent fire damage. Contact agent for explanation of scope of work. This property has been updated in the past but will require a Rehab Loan or Cash Purchase to upgrade it further and Buyer will take on building court case. Large square footage. Huge possibility to have a large duplex owners unit and collect well over $3000 from the other large rents from other units. Total possible rents of finished property exceed $4700 a month as income property. Finished value offers large equity position for the frugal contractor and good cashflow ROI. A great location to invest for the long term. Morgan Avenue Development in all directions. This is your perfect project.
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Price Change History
| Date | Old Price | New Price | Percent Change |
| 2/22/2023 | $349,900 | $329,900 | -5.7% |
| 3/13/2023 | $329,900 | $299,900 | -9.1% |
Community Information
Address:3247 S Morgan St, Chicago, IL 60608
Area:Bridgeport
County:Cook
City:Chicago
School District:299
Township:South Chicago
Zip Code:60608
Architecture
Bedrooms:
4
Bathrooms:
4
Style:Other
Exterior Construction Type: Brick
Total # Units in Building: 3
Roof: Asphalt, Rubber
Basement: Unfinished
Basement Type: English
Features / Amenities
Exterior Features: Balcony, Deck
Cars: 0
Heat Source / Type: Natural Gas
Total Rooms:8
Property Features
Lot Dimensions:Less Than .25 Acre
Sewer: Public Sewer
Water: Lake Michigan
Transportation: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
Zoning:MULTI
Directions:Archer turn south on Morgan avenue south to property
Tax and Financial Info
Tax Year: 2021
Tax Annual Amount: $3,981.59
Ownership: Fee Simple
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3247 S Morgan St Chicago, IL 60608
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Listing provided courtesy of Better Living Realty.Listings courtesy of MRED MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of March 22, 2023 2:15 PM CST. 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.
Properties displayed may be listed or sold by various participants in the MLS