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$712,000
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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.
Full Property Details
Full Property Details for 3116 S Canal St
General
- Sold For: $712,000
- Taxes: $8,905 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12382498
- Added to Site: 227 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Additional Information
- Other Features: Commuter Bus, Commuter Train, Interstate Access
Exterior
- Exterior Features: Balcony, Fire Pit
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: On Site, Garage Owned, Detached, Garage
- Parking On-Site: Yes
Location
- Area: CHI - Bridgeport
- County: Cook
- Driving Directions: From 31st Street, head south one block to building. It is on west side of street.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full
- Foundation: Brick/Mortar, Concrete Perimeter
- Roof: Flat
- Windows: Screens
- Built Before 1978: Yes
- Remodeled/Updated: 2020
Unit Information
- Units in Building: 3
Lot Features
- Lot Size (Acres): 0.07
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3125
- Zoning: MULTI
Financial Considerations
- Tax Amount: $8,905
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 17331060310000
Listed by Coldwell Banker Real Estate Group
Sold by GoldHome Realty LLC
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Schools
Schools serving 3116 S Canal St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Healy Elementary School 3010 South Parnell Avenue, Chicago, IL 60616 | PK-8 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3116 S Canal St
Date
Details
Price
Change
Source
7/25/2025
Sold
$712,000
-5.07%
MLS
6/03/2025
Listed
$749,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3116 S Canal Street, Chicago, IL 60616 (MLS# 12382498) is a Multi-Family property that was sold at $712,000 on July 25, 2025. Want to learn more about 3116 S Canal Street? Do you have questions about finding other Multi-Family real estate for sale in Bridgeport? You can browse all Bridgeport real estate or contact a Coldwell Banker agent to request more information.

