Chicago, IL 60616 3116 S Canal Street
$799,999



5 more






Presented By: Coldwell Banker Real Estate Group
Home Details
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.
Presented By: Coldwell Banker Real Estate Group
Interior Features for 3116 S Canal Street
Bedrooms
Bedrooms Possible6
Total Bedrooms6
Bathrooms
Full Baths Building3
Half Baths Building
Total Baths3
Other Interior Features
BasementUnfinished, Full
Total Number of Units3
General for 3116 S Canal Street
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CountyCook
DirectionsFrom 31st Street, head south one block to building. It is on west side of street.
Electric Expense412
Elementary School District299
Fuel Expense956
Garage Spaces2
Gross Income53100
HeatingNatural Gas
High School District299
Insurance Expense2641
MLS AreaCHI - Bridgeport
Middle/Junior School District299
Net Operating Income40202
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount8905
Tax Year2023
Total Rooms23
TownshipSouth Chicago
Trash Expense500
Water Sewer Expense664
Waterfront Y/NNo
ZoningMULTI
Exterior for 3116 S Canal Street
Exterior AmenitiesBalcony, Fire Pit
Foundation DetailsBrick/Mortar, Concrete Perimeter
Lot Dimensions3125
Lot Size Acres0.07
Parking FeaturesGarage Owned, Detached, Garage
Total Parking2
Water SourceLake Michigan
Additional Details
Price History
