Triplex with Non-Conforming Basement
For Sale
$599,900
3018 Chicago Avenue, Minneapolis, MN 55407
Residential Income, Minneapolis, MN
Property Size4,439 SF
Lot Size0.13 Acres
Price / SF$135.14
Days on Market34
Property Features for 3018 Chicago Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
12
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 10, Bedroom 3, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 8, Bedroom 12, Bedroom 7, Bedroom 9, Bedroom 1, Bathroom 2, Bedroom 11, Bedroom 5, Bedroom 2, Bedroom 4, Basement, Bathroom 4, Bathroom 3
Parking features
Driveway, Garage - Detached
Exterior features
Stucco
Fireplace
1
Subdivision
Chicago Lake Park Add
High school district
Minneapolis
Directions
From I-35W take exit 15A toward 31st St/Lake St., R onto E 31st St., L onto Chicago Ave., turn L., destination will be on the Left.
Standard status
Active
APN
0202824220008
Size
4,439 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12680
Utilities
Heating system
Baseboard, Fireplace(s)
Building Details
Year built
1909
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 848-2400
Listed By:
Paulo Mora
(952) 829-2900
Added: Jul 18
Changed: Aug 19
Last Checked: Aug 20 at 1:06PM
MLS# 7111896
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex includes three legal rental units plus an additional non-conforming basement unit for extra rental income, with 12 bedrooms total. All units are currently occupied. The property is a stucco exterior building with a shingle roof, and updates include a brand-new roof, new exterior paint, and additional improvements throughout.
Built in 1909, the property contains 4,439 square feet on a 0.13-acre lot. Heating is provided by baseboard systems and fireplaces. Parking features a detached garage and a driveway.
Located at 3018 Chicago Avenue in Minneapolis (55407), the layout provides multiple rental units within a single building, supported by the existing unit occupancy and recent exterior upgrades.
Built in 1909, the property contains 4,439 square feet on a 0.13-acre lot. Heating is provided by baseboard systems and fireplaces. Parking features a detached garage and a driveway.
Located at 3018 Chicago Avenue in Minneapolis (55407), the layout provides multiple rental units within a single building, supported by the existing unit occupancy and recent exterior upgrades.
Key Highlights
- New shingle roof and new exterior paint
- Three legal rental units plus a non‑conforming basement unit
- 12 bedrooms total across the property
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,025
Businesses Nearby
Explore this area
Business Placement
Demographics for 55407, MN
38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with new shingle roof, stucco exterior, and detached garage plus driveway parking.
Where is this triplex located?
The property is located at 3018 Chicago Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: New shingle roof and new exterior paint; Three legal rental units plus a non‑conforming basement unit; 12 bedrooms total across the property
