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Alexis Peters
(218) 850-1205
Counselor Realty, Inc |
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3024 Chicago Avenue, Minneapolis, MN 55407
$579,000
SQUARE FEET 2,775
MLS# 7052375
STATUS: Active
PROPERTY TYPE: Multi Unit - Multiple
SCHOOL: Minneapolis
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple Basement: Full Basement: Yes Heating: Boiler Lot Size: 0.12 Acres Taxes: $7,710 Year Built: 1908
Feature Descriptions
Days on Site: 23
Foundation Size: 1008
Lot Dimensions: 123x41
Owners Expense: All Utilities
Parcel#: 0202824220154
Parking: Driveway - Other Surface, Open
Sewer: City Sewer/Connected
Units: 4
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Agency Name: MRG Realty Partners, LLC
Agency Phone: 651-900-4386
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Estimated Payment
$ 3,893.06 per month
$3,081.68 Principal & Interest
$642.50 Property Tax
$168.88 Homeowner's Insurance
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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3024 Chicago Avenue | MLS# 7052375
This multi-family property located at 3024 Chicago Avenue, Minneapolis, MN 55407 is currently listed for sale with an asking price of $579,000. Chicago Avenue is located within the Minneapolis school district. Search Minneapolis real estate on apeters.counselorrealty.com today.