3116 S Canal Street Chicago, IL 60616
Listing Courtesy of: MLS LogoMidwest Real Estate Data / Coldwell Banker Real Estate Group

  3116 S Canal Street Chicago, IL 60616

Contingent (40 Days)
$799,999
6
BED
3
BATH

Description

First Time on the Market in 40 Years - Turnkey 3-Unit in the Heart of Bridgeport! This exceptionally well-maintained legal three-unit building is a rare find in one of Bridgeport's most desirable locations. Pride of ownership shows throughout, with nearly one hundred thousand dollars in upgrades over the past four years-this is a turnkey investment. All units have separate utilities, and individual HVAC systems with central air. Most of the mechanicals have been replaced in the past 3 years. The rear porch was rebuilt and is city code compliant. Windows have been replaced, along with exterior doors. The top two units were recently remodeled with modern finishes. The basement is large, empty, and clean. The detached two car garage and shared coin operated laundry add additional income. The property is fully occupied with leases through Spring 2026, offering immediate cash flow. Current rents are below market value. Located just steps from Bridgeport's growing retail corridor, the Red Line, Guaranteed Rate Field, IIT, and the lakefront, this is an unbeatable location for long-term value and tenant demand.

MLS #:
12333395
Taxes
$8,905(2023)
Lot Size
3,049 SQFT
Type
Multifamily
School District
299
County
Cook County

Listed By

Frank Vihtelic, Coldwell Banker Real Estate Group
Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked May 20 2025 at 3:05 PM GMT+0000
Bathroom Details
Property Features
  • Foundation: Brick/Mortar
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Natural Gas
Basement Information
  • Unfinished
  • Full
Exterior Features
  • Roof: Flat
Utility Information
  • Utilities: Water Source: Lake Michigan
  • Sewer: Public Sewer
Parking
  • On Site
  • Garage Owned
  • Detached
  • Garage
Location
   
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Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.