3024 Chicago Avenue, Minneapolis, MN

$579,000

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5

Beds

3

Baths

2,775

Square feet

0.12

Acres

About 3024 Chicago Avenue

Rare opportunity to own a highly unique piece of Minneapolis history — this 1908 triplex at 3024 Chicago Avenue has been held by the same family since it was built, now offered to the public for the very first time. 3024 offers two spacious 2BR/1BA units and a studio attic, featuring hardwood floors, natural woodwork, built-ins, and three porches. Included with the sale is the fully renovated carriage house ADU at 3026 Chicago Avenue (same parcel) — a private turnkey 1BR/1BA home with a beautiful modern kitchen, in-unit washer/dryer, and furniture which is included in the sale as well. 3026 was previously rented at $2,100/month. An ideal setup for an owner-occupant seeking added privacy or an investor looking to maximize returns across multiple income streams. Recent combined current rents of $5,600/month with market upside. Great location just blocks from Abbott Northwestern and Children's Hospitals, with easy access to I-35W, Midtown Global Market, and the Lake Street corridor. Fast connections to Downtown Minneapolis and Mall of America via the D Line Rapid METRO. Owner currently pays all utilities. Four off-street parking spaces. Coin-op laundry. Strong in-place cash flow with clear rent upside — a true value-add opportunity in a high-demand rental submarket. All measurements deemed reliable but not guaranteed; buyer to verify.

Features of 3024 Chicago Avenue

MLS® # 7052375
Price $579,000
Bedrooms 5
Bathrooms 3.00
Square Footage 2,775
Acres 0.12
Year Built 1908
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 3024 Chicago Avenue
Area 11
City Minneapolis
County Hennepin
State MN
Zip Code 55407

Amenities

Amenities Coin-op Laundry Owned
Parking Driveway - Other Surface, Open
Is Waterfront No
Has Pool No

Interior

Heating Boiler
Fireplace No

Exterior

Exterior Features Other

School Information

District Minneapolis

Additional Information

Days on Market 81
Zoning Residential-Multi-Family
Foreclosure No
Short Sale No
Taxes $7,710

Listing Details

OfficeMRG Realty Partners, LLC

Listing Map

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