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3215 Chicago Avenue S, Minneapolis, MN 55407

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Listed By

Agency Name: Jason Mitchell Group
Agency Phone: 952-454-5190

Shown By

Agent Name: Edward Michaels, Wallace Realty Group
Agent Phone: (612) 429-3166
Agency Title: Counselor Realty

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Property Description

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.

3215 Chicago Avenue S | MLS# 7096268

This multi-family property located at 3215 Chicago Avenue S, Minneapolis, MN 55407 is currently listed for sale with an asking price of $499,900. Chicago Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on emichaels.counselorrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Partial
Basement: Yes
Heating: Hot Water
Lot Size: 0.11 Acres
Roof Type: Flat
Taxes: $8,532
Year Built: 1929

Feature Descriptions

Days on Site: 17
Foundation Size: 1380
Lot: Public Transit (w/in 6 blks)
Lot Dimensions: 124x40
Owners Expense: Common Area Maintenance, Exterior Maintenance, Grounds Care, Insurance, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water
Parcel#: 0202824240052
Road Frontage: City Street
Sewer: City Sewer/Connected
Shared Rooms: Other
Tenant Expenses: Cable TV, Electricity, Fuel, Insurance
Units: 4
Water: City Water/Connected

Local Schools

School District: Minneapolis

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Estimated Payment

$ 3,517.48 per month $2,660.68 Principal & Interest $711.00 Property Tax $145.80 Homeowner's Insurance

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