3116 S Canal ST Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60616
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12333395
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
Area Chi - Bridgeport
Zoning MULTI
Rooms
Basement Unfinished,Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Exterior Feature Balcony,Fire Pit
Garage Spaces 2.0
Roof Type Flat
Building
Dwelling Type Two to Four Units
Building Description Brick, No
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