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Property profile & analytics
OFF-MARKET
Commercial land
2926 Chicago Ave Minneapolis, MN 55407-1322
Entity Owned
Free & Clear
Property ID
US46-0223271
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1962
Construction
CONCRETE
Total area
1,350 SF
Lot
0.07 ac (3,049 SF)
Zoning code
C3A
APN
35-029-24-33-0104
UPID
US46-0223271
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bismillah Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
2926 Chicago LLC
2926 Chicago LLC
since 2025
Last sale
$230,000
4 recorded transactions
Zoning & alternative use
C3A · Minneapolis, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Minneapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Minneapolis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,022
Tax year 2023
Assessed value
$51,100
Assessed 2023
Previous assessed
$51,100
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$51,100
Land market value
$51,100
Total market value
$51,100
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1962
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Total area
1,350 SF
Lot
0.07 ac (3,049 SF)
Zoning code
C3A
APN
35-029-24-33-0104
UPID
US46-0223271
Jurisdiction
HENNEPIN
Zoning & alternative use
C3A · Minneapolis, MN
Zoning C3A · permitted uses
C3A · Minneapolis, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Minneapolis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
2926 Chicago LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3221 CLINTON AVE, MINNEAPOLIS, MN 55408-3263
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2025
—
2926 Chicago LLC
Leeta Song
Warranty Deed
—
Nov 26, 2024
$230,000
Leeta Song
Ismail Dirir
Warranty Deed
—
Oct 28, 2022
$45,000
Ismail Dirir
Abdisatar Ahmed
Quit Claim Deed
related
—
Oct 19, 2021
$76,000
Abdisatar A Ahmen
Jeffrey R Hribar
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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