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Licensed Short-Term Rental Triplex
New
For Sale
$369,700

3310 Chicago Avenue, Minneapolis, MN 55407

The property accommodates a mix of short-term and long-term rental arrangements.

Property Size3,175 SF
Price / SF$116.44
Days on Market6

Property Features for 3310 Chicago Avenue

General Information

Standard status Active
Size 3,175 SF
Total Parking Spaces 7
Property subtype Multi-Family

Site & Location

Neighborhood Powderhorn

Additional Details

Multifamily Units 3

Amenities

coin-operated basement laundry

Building Details

Year Built 1889
Listing Agency: Lpt Realty, LLC
Listed By: Jay Hancock Real Estate
Source: Jayhancockrealestate
Added: Oct 20 Changed: Oct 23 Last Checked: Oct 24 at 4:15PM

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 Lpt Realty, LLC

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Investment Insights

Based on property information with market context.

This Minneapolis triplex contains 3,175 square feet, with 7 bedrooms and 3 bathrooms. An active short-term rental operation holds a City of Minneapolis license, and the property has also accommodated long-term tenants. A basement bedroom may offer additional use, subject to egress and applicable requirements.

The property was built in 1889 and includes 7 off-street parking spaces on a concrete driveway. Basement laundry is coin-operated. The roof is approximately 5 years old, and the HVAC and air conditioning were updated approximately 3 years ago.

Key Highlights

  • Active short‑term rental operation licensed by the City of Minneapolis
  • 7 bedrooms and 3 bathrooms across 3,175 square feet
  • 7 off‑street parking spaces on a concrete driveway

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,910
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - The property accommodates a mix of short-term and long-term rental arrangements.
Where is this triplex located?
The property is located at 3310 Chicago Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $369,700.
What are key features of this property?
This property features: Active short‑term rental operation licensed by the City of Minneapolis; 7 bedrooms and 3 bathrooms across 3,175 square feet; 7 off‑street parking spaces on a concrete driveway
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