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3000 Morgan St, Steger, IL, 60475

4beds
2baths
--sqft
$267,500
--price/sqft
$2,057/moest. monthly cost
$82,280/yrincome needed

About This Home

Great opportunity to own a solid two-unit income property in Steger. This frame building features two 2-bedroom, 1-bath units with spacious layouts, offering flexibility for investors or owner-occupants. A full unfinished basement provides ample storage space and additional possibilities. The corner lot offers added outdoor space and convenient access. Located near shopping, restaurants, schools, parks, and major roadways, this property is well positioned for everyday convenience and commuting. Whether you're looking to add to your investment portfolio or occupy one unit while generating rental income from the other, this property offers strong potential. Property is being sold as-is. Being Sold As a Package w/ 19 W 32nd St, Steger, IL (an additional 2 units, making a total of 4 units)

Getting Around

73
WalkingVery Walkable
0
TransitVery Limited Transit
52
BikeBikeable

Schools

--
Steger Primary CenterGrades PK-10.2 mi
7/10
Columbia Central SchoolGrades 5-81.2 mi
5/10
Bloom Trail High SchoolGrades 9-122.6 mi

Construction

Condition

  • Year built: 1949

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished,Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Heating

  • Heating features: Natural Gas,Electric

Property

Details

  • Parcel number: 32324000500000
  • Special condition: None

Lot

  • Lot size: 4,500 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Tsunami

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,352$16,224
Home Insurance *$190$2,280
Property Taxes $385$4,620
Electricity $130$1,569
Total$2,057$24,684
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$70,525/yr
40% on housing$61,710/yr
45% on housing$54,853/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.1%
15.1%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 60475$131
Cook County$225

vs Homes Sold Last Month

Median $/sqft

ZIP 60475$158
Cook County$219

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-31Listed for sale$267,500
2025-04-01Listing removed$130,000
2025-03-03Price change$130,000
2024-12-08Listed for sale$137,000
2024-04-23Listing removed--
2024-03-11Listed for sale$155,000
2022-08-18Sold$145,000
2010-07-21Sold$22,000

For Sale by Agent

AgentSteve Meeker
BrokerageMeeker Real Estate Inc

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