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3215 Chicago Avenue S, Minneapolis, MN 55407

Status: Sold

4 units
2,760 sq ft

$484,750

WELCOME HOME

Get to know this property.

Solid brick fourplex on Chicago Avenue South, three units leased and a vacant fourth ready for the next owner to set the rate. Current rents run $1,175 to $1,200 per month with long-term tenants in place. The boiler was replaced seven years ago and the water heater for Unit 2 is new in 2023. Hardwood floors throughout, radiator heat, and individual water heaters per unit. A Metro Transit stop sits directly in front of the building, making this an easy leasing story for future tenants. Consistent occupancy in a neighborhood with steady rental demand.

The details that matter.

General Property Information for 3215 Chicago Avenue S, Minneapolis, MN 55407 - MLS# 7096268
Bedrooms and Bathrooms
Total Bedrooms:
4
Total Bathrooms:
4
Size and Multi Family Residence
Year Built:
1929
Type of Property:
Multi Family Residence
Style:
Apartment
Stories/Levels:
2 Story
Total SqFt:
2,760
Total Fnsh'd SqFt:
2,760
Above Ground SqFt:
2,760
Finished Above Grade:
2,760
Below Ground SqFt:
1,380
Finished Below Grade:
0
Garage Stalls:
0
Garage SqFt:
N/A
Main Floor SqFt:
1,380
Approx Lot Dimensions:
124 x 40
Approx Number of Acres:
0.11
Income and Expenses
Gross Income:
$59,265
Total Expenses:
$0

A closer look at the location.

35W to 36th Ave S east to Chicago Ave, North to home on right 3215.

This listing has been entered by the following office: Jason Mitchell Group

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the Broker Reciprocity or the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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