1 of 10

Want to see this property?

3116 S Canal Street

Chicago, IL 60616

6 beds
3 baths
– sqft
3,049 sqft lot
– on site

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.

Listing courtesy of MRED / Coldwell Banker Real Estate Group as distributed by MLS GRID

Last checked: Checking… • Last updated Apr 25, 2025 •

MLS# 12333395 —

The Building

Rebuilt:

No
New Construction:

false
New Construction:

No
Construction Materials:

Brick
Roof:

Flat
Basement:

Unfinished, Full
Foundation Details:

Brick/Mortar, Concrete Perimeter
Exterior Features:

Balcony, Fire Pit
Patio And Porch Features:

Deck
Window Features:

Screens

Interior

Rooms Total:

23

Location

Directions:

From 31st Street, head south one block to building. It is on west side of street.
Location:

88242

The Property

Parcel Number:

17331060310000
Property Type:

Residential Income
Lot Size Dimensions:

3125
Lot Size Acres:

0.07
Zoning:

MULTI
Waterfront:

false
Additional Parcels:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

8905

Beds

Bedrooms Total:

6
Bedrooms Possible:

6

Baths

Baths:

3
Full Baths:

3

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Natural Gas

Utilities

Sewer:

Public Sewer
Water Source:

Lake Michigan

Schools

Elementary School District:

299
Middle Or Junior School District:

299
High School District:

299

Parking

Parking Total:

2
Parking Features:

On Site, Garage Owned, Detached, Garage
Garage Spaces:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/25/25 Apr 25, 2025	Listed / Active	MRED	$799,999

Want a closer look?

Go see 3116 S Canal Street

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Chicago, IL

Similar sold homes

This multifamily located in South Side, Chicago, IL 60616 is currently for sale for $799,999. 3116 S Canal Street is a – square foot multifamily with 6 beds and 3 baths that has been on Estately for 0 days. 3116 S Canal Street is in the South Side neighborhood of Chicago and has a WalkScore® of 83, making it very walkable. This multifamily is in the attendance area of Healy Elementary School and Tilden Achievement Academy High School.

Listing courtesy of MRED, Coldwell Banker Real Estate Group, and Frank Vihtelic as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Apr 25, 2025, 02:15 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.