Chicago, IL 60616,3116 S Canal Street
Chicago, IL 60616,3116 S Canal Street
Chicago, IL 60616,3116 S Canal Street
10
$712,000
$749,999
5.1%
Est.Price: ?

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6 BD
3,049 Sqft Lot

3116 S Canal Street Chicago, IL 60616

Est. payment /mo
SOLD DATE : 07/25/2025

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Key Details

Sold Price $712,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12382498

Sold Date 07/25/25

Bedrooms 6

Annual Tax Amount $8,905

Tax Year 2023

Lot Size 3,049 Sqft

Lot Dimensions 3125

Property Sub-Type Two to Four Units

Property 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.

Location

State IL

County Cook

Zoning MULTI

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Exterior Feature Balcony, Fire Pit

Garage Spaces 2.0

View Y/N true

Roof Type Flat

Building

Foundation Brick/Mortar, Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Read Less


Listed by Frank Vihtelic • Coldwell Banker Real Estate Group
Bought with Dong Liang Zhen • GoldHome Realty LLC
agent

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