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Financial
Distress signals
Property profile

3401 Chicago Ave Minneapolis, MN 55407

OFF-MARKET
Other commercial real estate
Property ID
US46-0142244
4,774 SF 0.13 ac lot Built 1901
Last sale Nov 2021 · $345,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a two-story commercial building designed for mixed-use occupancy, featuring an updated main level previously configured as a daycare and an upper level configured for office use. The building’s layout supports a dual-level arrangement, with income-producing or business use space on the main floor and additional working or office space on the second floor. All measurements were noted in the listing remarks as needing verification by the agent.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$400k
Assessed land$77k
Assessed improvement$323k
Effective rate2.89%

Value estimate

· Oct 2026
$345k
$311k – $380k
AI approach$345k

Realmo valuation models over county records and 23 qualifying comparable sales.

Recently sold

What actually traded nearby?
$133/SF
ZIP average, outlier-cleaned · 77 recorded sales of this use type
Observed band · Q1–Q3$78 – $189
Qualifying comparables23

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C1
JurisdictionHENNEPIN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.4
Law Firm15.8
Building Supply11.5

Location

3401 Chicago Ave Minneapolis, MN 55407-2107
County assessor Recorded deeds · 5 transfers 23 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2101 35th, Minneapolis, MN 55407-2444 $675,000 May 2025 3,600 SF
2830 Cedar S, Minneapolis, MN 55407-1430 $1,500,000 Apr 2025 6,581 SF
4728 Cedar S, Minneapolis, MN 55407-3634 $3,985,000 Oct 2024 4,612 SF
1311 Lk, Minneapolis, MN 55407-1629 $703,000 Mar 2024 5,204 SF
3753 Cedar S, Minneapolis, MN 55407-2938 $525,000 Dec 2023 4,786 SF
3755 Cedar S, Minneapolis, MN 55407 $525,000 Dec 2023 3,921 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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