Updated 12-Bedroom
For Sale
$599,900
3018 Chicago Ave, Minneapolis, MN 55407
Three occupied rental units include a non-conforming basement apartment and recent exterior improvements.
Property Size4,439 SF
Price / SF$135.14
Days on Market32
Property Features for 3018 Chicago Ave
General Information
Standard status
Active
Size
4,439 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
1909
Listing Agency:
RE/MAX Results
(763) 755-1100
Listed By:
Paulo Mora
Source:
Homesearchlive
Added: Jul 29
Changed: Aug 28
Last Checked: Aug 25 at 4:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Results
Investment Insights
Based on property information with market context.
Built in 1909, this 4,439-square-foot triplex contains three legal rental units along with a non-conforming basement unit. The property offers 12 bedrooms across its unit configuration, providing a substantial multifamily layout at 3018 Chicago Ave in Minneapolis.
All units are occupied and generating income. Recent property work includes a new roof, fresh exterior paint, and additional improvements completed throughout the building. The configuration may suit an investor or an owner-occupant seeking an existing rental property with multiple units.
All units are occupied and generating income. Recent property work includes a new roof, fresh exterior paint, and additional improvements completed throughout the building. The configuration may suit an investor or an owner-occupant seeking an existing rental property with multiple units.
Key Highlights
- Three legal rental units plus a non‑conforming basement unit
- 12 bedrooms throughout the property
- 4,439 SF multifamily building
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,932
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 - Three occupied rental units include a non-conforming basement apartment and recent exterior improvements.
Where is this triplex located?
The property is located at 3018 Chicago Ave 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: Three legal rental units plus a non‑conforming basement unit; 12 bedrooms throughout the property; 4,439 SF multifamily building
